Dutchess County NY January home sales for single-family homes
Analysis of Dutchess County NY January home sales
Dutchess County NY January home sales of single-family detached homes fell 22.9 percent, going from 240 in January 2021 to 185 this January. Homes sold during the month ranged in price from $90,000 to $ 3,150,000 built between 1800 and 2021 with square feet from 480 to 5,200.
There were nine transactions over a million dollars, with prices ranging from $1,025,000 to $3,150,000.
Average and Median Prices for Detached Homes in January 2022
At $474,185 the average sale price rose 0.5 percent when compared to $471,821 at the same time last year.
A median price of $392,500 this January was up 8.7 percent over the same time last year when the median was
$361,250.
Inventory and Purchase Offers in January 2022
Inventory continues to decline, at 336 this January it was down 45.9 percent when compared to an inventory of 621 in January 2021.
Purchase offers decreased by 36.4 percent going from 250 in January 2021 to 159 this January.
The absorption rate (the time it would take to work off the present inventory) was 1.81 months this January compared to 5 months last January.
Days on Market during January 2022
Homes were on the market 85 days this January which was 13.3 percent more days when compared to 75 days in January 2021.
Comparison Dutchess County Detached Home Sales for January 2022 to 2021
| DATA | JANUARY 2021 | DECEMBER 2021 | JANUARY 2022 |
|---|---|---|---|
| Average Price | $ 471,821 | $ 476,497 | $474,185 |
| Median Price | $ 361,250 | $ 400,000 | $392,500 |
| Number of Sales | 240 | 214 | 185 |
| Days on Market | 75 | 68 | 85 |
| Inventory | 621 | 390 | 336 |
| Purchase offers | 250 | 191 | 169 |
| Absorption Rate | 2.58 | 1.82 | 1.81 |
Sales of attached homes in January 2022
Dutchess County NY January homes sales for attached homes (Coops, Condos, and townhouses) fell 19.2 percent when compared to January 2021. At that time there were 52 sales versus 42 this January. The units sold ranged from $ 103,000 to $960,000.
These units were built between 1900 and 2018 with square feet from 6442 to 3,141.
Median and Average Prices of Attached Homes in January
The attached homes average sale price of $302,626 fell 5.8 percent compared to the $321,203 recorded in January 2021.
A median sale price of $261,250 was 1.1 percent higher than the median price of $258,500 last January.
Inventory and Purchase offers for January 2022
Inventory at 61 fell 76.5 percent this January when compared to 260 for the same time last year.
Purchase offers at 42 this January was down 10.6 percent when compared to 47 offers recorded last January.
The absorption rate at 1.45 months was down from 5 months in January 2021 ( The time it would take to work off the present inventory).
Days on Market in January 2022 for attached homes
Days on market at 70 fell 23.1 percent when compared to 91 days last January.
Comparison Dutchess County Attached Home Sales for January 2022 to 2021
| DATA | JANUARY 2021 | DECEMBER 2021 | JANUARY 2022 |
|---|---|---|---|
| Average Price | $321,203 | $283,687 | $302,628 |
| Median Price | 258,500 | $245,000 | $261,250 |
| Number of Sales | 52 | 45 | 42 |
| Days on Market | 91 | 69 | 70 |
| Inventory | 260 | 61 | 61 |
| Purchase offers | 47 | 26 | 42 |
| Absorption Rate | 5 | 1.36 | 1.45 |
** data used in this report was obtained from the Mid-Hudson MLS. Information Deemed reliable but not guaranteed.
Other Market Reports in January 2022
Why now is a good time to list your house for sale
- It is a great time to list your house for sale since the inventory is low and there is less competition.
2. Mortgage rates are trending higher therefore buyers will have less buying power
3. More houses will come on the market during the Spring and summer thus competition will rise.
4. There are still many potential buyers searching for a house.
If you need some advice on getting ready to sell your home Contact Jennifer Fivelsdal | Real Estate Broker | JFIVE Homes Realty LLC | 845-594|-9947 or use the form below to tell us where to send your copy.
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