Hyde Park NY home sales in June 2022 came in lower than June 2021
Market update for Hyde Park NY home sales in June 2022
Hyde Park NY June 2022 home sales at ten was eleven less than the 21 recorded for the same time last year. Homes sold had a sale price to list price of 98 percent, with six homes selling above the list price.
The single-family homes sold ranged in price from $195,000 to $480,000 and had square feet from 1,170 to 2,044. These homes were built between 1700 and 1985.
Comparison of June 2022/2021 home sales
Hyde Park NY Average and Median Prices in June 2022
The average sale price of $309,900 was lower than the $442,119 recorded in June 2021.
A median sale price this June of $290,000 was less than the $305,250 at the same time last year.
Homes were on the market for an average of 73 days which was up from the 35 days for the same time last year.
Other Real Estate Activities In June 2022
Fifteen homes were added to the Hyde Park NY homes for sale inventory. These two to four-bedroom homes ranged in price from $249,900 to $749,000 built between 1920 and 1997 with square feet from 944 to 3,910
Seventeen homes received offers, these homes had two to four bedrooms, with prices ranging from $99,000 to $525,000 with the smallest house at 1,005 square feet and the largest at 3,136 square feet. These were built between 1932 and 2008.
Six homes went under contract, built between 1920 and 1973. These two to four-bedroom homes ranged in price from $289,900 to $1,250,000 with square feet from 1,100 to 3,865.
|Average List||$380,321||Average List||$330,000|
|Average Days on market||14||Average Days on market||1|
|Average Square Feet||1,751||Average Square Feet||1,329|
|Average $/Square Feet||$217||Average $/Square Feet||$248|
|Average List||$331,189||Average List||$393,474|
|Average Days on market||31||Average Days on market||32|
|Average Square Feet||1,772||Average Square Feet||1,702|
|Average $/Square Feet||$ 187||Average $/Square Feet||$231|
|Average Days on market||22|
|Average Square Feet||2013|
|Average $/Square Feet||$243|
Home Sales in Hyde Park NY in June 2022
|Average List||$314,760||Van Wert Place||$195,000|
|Average Square Feet||1681||Violet Ave||$255,000|
|Average $/Square Feet||$187||Terwilliger||$275,000|
|Average Sold||$309,900||Elizabeth Ct||$279,000|
|Average $/Square Feet||$184||Route 9G||$285,000|
|Sales||10||Van Wert Place||$295,000|
|E. Market St||$335,000|
Data used in this report was obtained from the Mid Hudson MLS. Deemed reliable but not guaranteed. Late reporting could result in a change in the number of sales. (This report does not include private sales or mobile homes)
A few real estate observations
Due to inflation and higher mortgage rates, some home buyers have decided to take a pause on their desire to purchase a home.
There is a more noticeable price reduction in homes listed for sale.
Some homes are still getting multiple offers
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.