Home sales fell in Dutchess County NY during March 2022
Dutchess County NY March 2022 home sales
Dutchess County NY March 2022 home sales of single-family detached homes fell 16.8 percent, going from 190 in March 2021 to 158 this March. Homes sold during the month ranged in price from $125,000 to $12,000,000 built between 1840 and 2021 with square feet from 600 to 7,542.
There were ten transactions over a million dollars, with prices ranging from $1,070,000 to $12,000,000.
Average and Median Prices for Detached Homes in March 2022
At $534,350 the average sale price rose 1.6 percent when compared to $526,118 at the same time last year.
A median price of $407,900 this March was up 14 percent over the same time last year when the median was $357,750.
Inventory and Purchase Offers in March 2022
The inventory was down 45.1 percent, compared to last March when the inventory came in at 612. It was 336 this March.
Purchase offers decreased by 30.3 percent going from 264 in March 2021 to 184 this March.
The absorption rate (the time it would take to work off the present inventory) was 2.1 months this March compared to 3.2 months last March.
Days on Market during March 2022
Homes were on the market 71 days this March which was 12.3 percent fewer days when compared to 81 days in March 2021.
Dutchess County March 2022 home sales comparison
| Data | March 2021 | February 2022 | March 2022 |
| Average Price | $526,118 | $479,225 | $534,350 |
| Median Price | $357,750 | $380,000 | $407,900 |
| Sales | 190 | 145 | 158 |
| Days on Market | 81 | 70 | 71 |
| Inventory | 612 | 329 | 336 |
| Purchase offers | 264 | 151 | 184 |
| Absorption Rate | 3.2 | 2.26 | 2.1 |
Sales of Dutchess County attached homes in March 2022
Dutchess County NY homes sales in March 2022 for attached homes (Coops, Condos, and townhouses) fell 16.1 percent when compared to March 2021. At that time there were 62 sales versus 52 this March. The units sold ranged from $ 31,000 to $488,000.
These units were built between 1910 and 2021 with square feet from 800 to 2,510
Median and Average prices for attached homes in March 2022
The attached home’s average sale price of $258,143 fell 22.6 percent compared to the $333,682 recorded in March 2021.
March’s median sale price of $252,100 fell 4.7 percent when compared to a median price of $264,500 at the same time last year.
Attached Homes Inventory and Purchase offer for March 2022
Inventory at 50 fell 62.4 percent this March when compared to 133 for the same time last year.
Purchase offers at 32 this March fell 47.5 percent when compared to 61 purchase offers recorded last March.
The absorption rate at .96 months was down from 2.14 months in March 2021 ( The time it would take to work off the present inventory).
Days on Market in March 2022 for attached homes
Days on market at 63 fell 32.3 percent when compared to 93 days last March.
Comparison Dutchess County NY March 2022 home sales to 2021
| Data | March 2021 | February 2022 | March 2022 |
| Average Price | $333,682 | $271,940 | $258,143 |
| Median Price | $264,500 | $$222,000 | $252,100 |
| Sales | 62 | 35 | 52 |
| Days on Market | 93 | 66 | 63 |
| Inventory | 133 | 57 | 50 |
| Purchase offers | 61 | 28 | 32 |
| Absorption Rate | 2.14 | 1.62 | .96 |
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