Hyde Park NY home sales fell in September 2022

Hyde Park NY home sales fell in September 2022

Analysis of Hyde Park NY home sales in September 2022

Hyde Park NY home sales in September 2022 at eighteen were eight less than the twenty-six recorded for the same time last year.

Homes sold had a sale price to list price of 101 percent, with seven homes selling above list price.

The single-family homes sold ranged in price from $255,000 to  $590,000 and had square feet from 869 to 3,488.  These homes were built between 1910 and 2008.

Hyde Park NY Average and Median Prices in September 2022

The average sale price of $386,183 was lower than the $446,136 recorded in September 2021.
A median sale price this September of $355,000 was more than the $354,950 at the same time last year.

Homes were on the market an average of 46 days which was lower than the 56 days for the same time last year.

Comparison of August 2022/2021 home

Comparison   2021     2022
Average List $ 434,785 $ 384,250
Average Sold $446,136 $ 386,183
Median List $ 352300 $ 355,450
Median Sold $ 354,950 $ 355,000
Sales 26 18
DOM 56 46

Other Real Estate Activities In September 2022

Thirteen homes were added to the Hyde Park NY homes for sale inventory. These two to four-bedroom homes ranged in price from $199,900 to $995,000 built between 1860 and 2006 with square feet from 738 to 3,414.

Seventeen homes received offers. These homes had two to four bedrooms, with prices ranging from $209,900 to $799,000 with the smallest house at 800 square feet and the largest at 3,910 square feet.  These were built between 1850 and 2004.

Ten homes went under contract, built between 1947 and 1987. These two to four-bedroom homes ranged in price from $255,000 to $465,000 with square feet from 1,237 to 2.036

Breakdown of other real estate activities

Active 12
Avg. List $497,475
Avg. DOM 9
Avg. Sq. Ft. 1987
Avg $/Sq. Ft $250
New 1
Avg. List $399,999
Avg. DOM 1
Avg. Sq. Ft. 1,850
Avg $/Sq. Ft $216
Offers  10
Avg. List $413,260
Avg. DOM 88
Avg. Sq. Ft. 1955
Avg $/Sq. Ft 211
Offer  CS 7
Avg. List $379,954
Avg. DOM 41
Avg. Sq. Ft. 2271
Avg $/Sq. Ft $324
Contract  10
Average List $344,290
DOM 54
Avg. Sq. Ft 1588
Avg.$/ Sq. Ft $217

Sales Activities In September 2022

Sold 18
Average List $384,250
DOM 46
Avg. Sq. Ft 1,910
Avg.$/ Sq. Ft 201
Avg. Sold $386,183
Avg. $/Sq. Ft $202

Location of Hyde Park NY home sales in September 2022

Locations Sale Price
Forest Dr $255,000
Cardinal Rd $270,000
Long Meadow Dr $290,000
Cynthia Ln $300,000
Calmer Pl $315,000
Golden Way $325,000
Roosevelt Rd $345,000
White Oaks Rd $349,000
Mansion Dr, $350,000
Lawrence Rd $360,000
Richard $362,500
South Dr $375,900
Baker St $390,000
Albany Post Rd $489,000
Highland $495,000
Mansion Dr, $540,000
N Cross Rd $549,900
Hudson Dr. $590,000


Local real estate observations

 Thirty-year mortgage rates at the time of writing this report were up over seven percent compared to less than half that earlier in the year,  This has resulted in some potential home buyers being priced out of the housing market.  Those who can still make a purchase are doing so at a much higher cost.

More sellers are making reductions in their list price to get a  faster sale.

It is a better strategy to price a home a bit lower to attract more interest. Doing this could lead to more offers and a higher price. Pricing higher could make it necessary to reduce the price one or more times before getting an accepted offer.

Finding affordable housing or rental is still a challenge.




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