Market update for Hyde Park NY home sales in May 2022
Hyde Park NY May 2022 home sales at nine was ten less than the 19 recorded for the same time last year.
Homes sold had a sale price to list price of 103 percent, with five homes selling above the list price.
The single-family homes sold ranged in price from $285,000 to $457,000 and had square feet from 972 to 2,359. These homes were built between 1931 and 1977.
Comparison of May 2022/2021 home sales
|Average List||$ 345,795||$ 332,620|
|Average Sold||$ 344,102||$ 343,722|
|Median List||$318,000||$ 349,000|
|Median Sold||$320,500||$ 339,000|
Hyde Park NY Average and Median Prices in May 2022
The average sale price of $343,722 was slightly lower than the $344,102 recorded in May 2021.
A median sale price this May of $339,000 was more than the $320,500 at the same time last year.
Homes were on the market an average of 64 days which was less than the 85 days for the same time last year.
Other Real Estate Activities In May 2022
Eleven homes were added to the Hyde Park NY homes for sale inventory. These two to five-bedroom homes ranged in price from $99,000 to $45,000,000 built between 1850 and 2009 with square feet from 869 to 14,800.
Eight homes received offers, these homes had two to four bedrooms, with prices ranging from $250,000 to $659,900 with the smallest house at 1,100 square feet and the largest was 3,200 square feet. These were built between 1930 and 2001
Eight homes went under contract, built between 1700 and 1993. These two to four-bedroom homes ranged in price from $259,000 to $575,000 with square feet from 1,276 to 3,370.
|Average List||$5,357,422||Average List||$342,500|
|Average DOM||10||Average DOM||1|
|Avg. Sq. Ft.||3,459||Avg. Sq. Ft.||1877|
|Avg $/Sq. Ft||$1,549||Avg $/Sq. Ft||$182|
|Average List||$352,780||Average List||$365,967|
|Average DOM||40||Average DOM||27|
|Avg. Sq.Ft.||1,833||Avg. Sq.Ft.||1,652|
|Avg $/Sq. Ft||$192||Avg $/Sq. Ft||$222|
Hyde Park NY home sales in May 2022
|Average List||$332,620||Cookingham Rd||$285,000|
|Avg. Sq. Ft||1,832||Holt Rd||$289,000|
|Avg.$/ Sq. Ft||$182||North Cross||$335,000|
|Avg. Sold||$343,722||Holt Rd West||$339,000|
|Avg. $/Sq. Ft||$188||Franklin Rd||$340,000|
|Van Dam Rd||$457,000|
Other market reports
Thinking of selling your home? Here are things to keep in mind
Higher mortgage rates coupled with higher home prices will weaken buyers’ purchasing power.
Inflation will also have an impact on the housing market.
Seeing more price reductions is an indication the market is shifting. Take a more balanced approach to pricing.
If you are thinking of selling doing so sooner than later would be a good move.