Hyde Park NY home sales in October 2022

Hyde Park NY home sales in October 2022

Hyde Park NY home sales in October 2022

Market update for Hyde Park NY home sales in October 2022

Hyde Park NY October 2022 home sales at seventeen were the same number of sales recorded for the same time last year.

Homes sold had a sale price to the list price of 99 percent, with six homes selling above the list price.

The single-family homes sold ranged in price from $177,000 to $690,000 and had square feet from 960to 3,910  These homes were built between 1935 and 2006

Hyde Park NY Average and Median Prices in October 2022

The average sale price of $350,053 was lower than $ 374,700  recorded in October 2021.
A median sale price this October of $325,000 was less than the $335,000 at the same time last year.

Homes were on the market an average of 67 days which was lower than the 83 days for the same time last year.

Comparison of October 2022/2021 home sales  

Comparison  2021 2022
Average List $ 374,511 $350,053
Average Sold $ 374,000 $347,353
Median List $ 350,000 $ 319,000
Median Sold $ 335,000 $ 325,000
Sales  17  17
DOM   83               67

Other Real Estate Activities In October 2022

Eleven homes were added to the Hyde Park NY homes for sale inventory. These two and three-bedroom homes ranged in price from $174,900 to $378,000 built between 1850 and 2006 with square feet from 1,176 to 2,129

Ten homes received offers. These homes had two to four bedrooms, with prices ranging from $199,900 to $799,000 with the smallest house at 738 square feet and the largest at 3,900 square feet.  These were built between 1920 and 2006.

Twelve homes went under contract, built between 1940 and 2004. These two to four-bedroom homes ranged in price from $175,000 to $995,000 with square feet from 1,036  to  3,620

Breakdown of the October 2022 real estate activities

Avg. List $287,782
Avg. DOM 20
Avg. Sq. Ft. 1462
Avg $/Sq, Ft $197
Avg. List $411,857
Avg. DOM 53
Avg. Sq. Ft. 2,345
Avg $/Sq. Ft. $183
Avg, List $276,300
Avg. DOM 27
Avg, Sq. Ft 1,356
Avg $/Sq. Ft 204
Contract 12
Avg. List $387,465
Avg, DOM 42
Avg, Sq. Ft 1,845
Avg. Sq. Ft $210

Real estate sales in Hyde Park NY during October

Sales Data 2022
Average List  $350,053
Square Ft 1773
Average $/Sq Ft $197
Average Sold $347,353
Average $/Sq Ft 196
Sales 17 
DOM 67
Location Price
Pilgrim Terr $177,000
Hummingbird $225,000
Big Meadow Ln $249,000
Horseshoe Dr $255,000
Rothkranz $255,000
Walnut St $270,000
Circle Dr $310,000
Gilbert Dr, $315,000
Crum Elbow Rd $325,000
Rymph Blvd $340,000
Greenbush Blvd $350,000
S Cross Rd $385,000
Route 9G $392,500
Beadart Pl $410,000
Willow Cross $430,000
Kelley Clr $535,000
Connelly $690,000

Recent real estate observations

Thirty-year mortgage rates at the time of writing this report were just under 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.

Some homes are still getting multiple offers

It is a better strategy to price a home a bit lower to attract more interest, and 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.

Jennifer Fivelsdal

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