Hyde Park NY home sales in July 2023
A review of Hyde Park NY home sales in July 2023
Hyde Park NY home sales in July 2023 were 14, with 11 homes selling above the list price. The average sale price to list price came in at 105 percent. There were also 14 sales during July 2022.
The homes ranged in price from $275,000 to $770,000, had square feet from 997 to 3,494, and were built between 1880 and 2017.
Average and median home prices in Hyde Park NY, during July 2023
The average sale price of $448,175 was lower than the $ 452,986 recorded for the same month in 2022.
A median sale price this July of $407,475 was more than the $353,000 at the same time last year.
Homes were on the market for an average of 49 days, 18 days more than in July 2022.
Comparison of July 2023/2022 Home Sales
| Comparison | 2022 | 2023 |
| Average List | $429,459 | $428,056 |
| Average Sold | $452,986 | $448,175 |
| Median List | $332,444 | $391,942 |
| Median Sold | $353,000 | $404,757 |
| Sales | 14 | 14 |
| DOM | 31 | 49 |
Additional Market Activities during July 2023
Five homes were added to the home inventory in July. These homes were priced between $199,999 and $799,000, with square feet from 1,398 to 2,823, with the oldest from 1911, and the newest to be completed in 2024
Two homes received offers, one listed at $269,000, from 1850 with square feet of 1,176. The other was a home from 1949, priced at $275,000, with square feet of 1,260.
There were eighteen homes in contract, These homes ranged in price from $275,000 to $699,900, built between 1860 and 2006 with square footage of 797 to 2,503.
BREAKDOWN OF JULY REAL ESTATE ACTIVITIES
| Active | 5 |
| Avg. List | $511,500 |
| Avg. DOM | 17 |
| Avg. Sq. Ft. | 1,966 |
| Avg $/Sq. Ft | $224 |
| Offer | 2 |
| Avg. Lis | $272,000 |
| Avg. DOM | 74 |
| Avg. Sq. Ft. | 1,218 |
| Avg $/Sq. Ft | $223 |
| Contract | 18 |
| Avg. List | $402,472 |
| Avg. DOM | 56 |
| Avg. Sq. Ft. | 1,779 |
| Avg $/Sq. Ft | $226 |
Breakdown of Hyde Park NY home sales in July 2023
| Sold | 14 |
| Average List | $428,056 |
| DOM | 49 |
| Avg. Sq. Ft | 2,014 |
| Avg.$/ Sq. Ft | $213 |
| Avg. Sold | $448,175 |
| Avg. $/Sq. Ft | $223 |
| Location | Price |
| Route 9G | $275,000 |
| Cardinal Rd | $290,000 |
| Holt | $302,500 |
| Abbey Rd | $325,000 |
| Gilbert Dr | $366,,000 |
| Roosevelt Rd | $379,000 |
| Gilbert Dr | $405,450 |
| Richard Rd | $409,500 |
| Luty Rd | $430,000 |
| W Pine St | $450,000 |
| Park Pl | $500,000 |
| Roger Rd | $637,000 |
| Cream St | $735,000 |
| Sodom Rd | $770,000 |
What is happening in the market?
The housing market is experiencing several changes.
1. Mortgage rates are now over seven percent, the highest in twenty years.
2. Home prices have risen to levels where some potential buyers are priced out of the market.
3. Inventory level is lower since some homeowners who would like to move on can’t do so because purchasing another home would be more expensive.
4. New home construction sales are doing well.
If you need more information contact Jennifer Fivelsdal, Real Estate Broker, JFIVE Homes Realty LLC., 845-594-9947
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