Hyde Park NY home sales in August 2022

Hyde Park NY home sales in August 2022

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

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

Avg. List$376,086
Avg. DOM15
Avg. Sq. Ft.1,846
Avg $/Sq. Ft$204
Avg. List$509,500
Avg. DOM1
Avg. Sq. Ft.2,163
Avg $/Sq. Ft$236
Offers 8
Avg. List$390,838
Avg. DOM54
Avg. Sq. Ft. 2,036
Avg $/Sq. Ft$182
Offer  CS13
Avg. List$338,585
Avg. DOM50
Avg. Sq. Ft.1,672
Avg $/Sq. Ft$203
Contract 10
Average List $322,390
Avg. Sq. Ft1,751
Avg.$/ Sq. Ft$184

Sales Activities In August 2022

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

LocationsSale 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
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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