Hyde Park NY home sales in August 2022
Analysis of Hyde Park NY home sales in August 2022
Hyde Park NY home sales in August 2022 at eleven was eight less than the nineteen recorded for the same time last year. Homes sold had a sale price to list price of 99 percent, with seven homes selling above list price.
The single-family homes sold ranged in price from $273,000 to $665,000 and had square feet from 1,000 to 4,255. These homes were built between 1810 and 1977.
Hyde Park NY Average and Median Prices in August 2022
The average sale price of $376,136 was higher than the $340,284 recorded in August 2021.
A median sale price this August of $350,000 was more than the $323,999 at the same time last year.
Homes were on the market an average of 37 days which was lower than the 46 days for the same time last year.
Comparison of August 2022/2021 home
| Comparison | 2021 | 2022 |
| Average List | $ 342,174 | $ 378,672 |
| Average Sold | $ 340,284 | $ 376,136 |
| Median List | $ 323,999 | $ 350,000 |
| Median Sold | $ 325,000 | $ 350,000 |
| Sales | 19 | 11 |
| DOM | 46 | 37 |
Other Real Estate Activities In August 2022
Twelve homes were added to the Hyde Park NY homes for sale inventory. These two to four-bedroom homes ranged in price from $225,000 to $669,000 built between 1950 and 2022 with square feet from 920 to 3,620.
Twenty-one homes received offers. These homes had two to four bedrooms, with prices ranging from $175,000 to $699,000 with the smallest house at 800 square feet and the largest at 3,910 square feet. These were built between 1940 and 2006.
Ten homes went under contract, built between 1939 and 1989. These two to four-bedroom homes ranged in price from $99,000 to $450,000 with square feet from 1,027 to 2,441
Breakdown of the non sales activities
| Actives | 8 |
| Avg. List | $376,086 |
| Avg. DOM | 15 |
| Avg. Sq. Ft. | 1,846 |
| Avg $/Sq. Ft | $204 |
| New | 4 |
| Avg. List | $509,500 |
| Avg. DOM | 1 |
| Avg. Sq. Ft. | 2,163 |
| Avg $/Sq. Ft | $236 |
| Offers | 8 |
| Avg. List | $390,838 |
| Avg. DOM | 54 |
| Avg. Sq. Ft. | 2,036 |
| Avg $/Sq. Ft | $182 |
| Offer CS | 13 |
| Avg. List | $338,585 |
| Avg. DOM | 50 |
| Avg. Sq. Ft. | 1,672 |
| Avg $/Sq. Ft | $203 |
| Contract | 10 |
| Average List | $322,390 |
| DOM | 34 |
| Avg. Sq. Ft | 1,751 |
| Avg.$/ Sq. Ft | $184 |
Sales Activities In August 2022
| Sold | 11 |
| Average List | $378,672 |
| DOM | 37 |
| Avg. Sq. Ft | 1,946 |
| Avg.$/ Sq. Ft | 195 |
| Avg. Sold | $376,136 |
| Avg. $/Sq. Ft | $193 |
Location of Hyde Park NY home sales in August 2022
| Locations | Sale Price |
| Ravine Rd | $273,000 |
| Caryle Rd | $279,000 |
| Lumb Ln | $320,000 |
| Sycamore Dr | $320,000 |
| Shaker Ln | $330,500 |
| Roosevelt Rd | $350,000 |
| Yates Ave | $365,000 |
| Maple Ln | $405,000 |
| Pennington | $410,000 |
| Matuk | $420,000 |
| Cross Rd | $665,000 |
Local real estate observations
Some potential buyers who were actively looking are now priced out of the market due to inflation and the ongoing increase in mortgage rates,
With a shrinking buyer’s market some homes will be on the market for a longer period.
More agents are holding open houses
Finding affordable housing and rental properties is still a challenge.
It is a better strategy to price a home a bit lower to attract more interest, get more offers and a higher price, instead of pricing higher and then finding it necessary to reduce the price one or more times before getting an accepted offer.
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