Market Report for Dutchess County NY for detached home sales in December 2023
Market Report for Dutchess County detached home sales in December 2023
Analysis of Dutchess County, NY Home sales in December 2023
In December 2023 Dutchess County NY home sales fell 11.2 percent, when compared to December 2022. There were 143 sales this December compared to 161 last December
Of the single-family detached homes sold, four sold above a million dollars. The price range of all the sales was $165,000 to $2,600,000. Built between 1850 and 2023, these homes had square feet from 450 to 5,000.
This December the current sales dollar volume was $72,045,912 compared to $76,099,821 at the same time last year.
Average and Median sale prices of detached homes in December 2023
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At $503,818 the average sale price in December 2023 rose 6.6 percent compared to $472,670 last December.
The median sale price this December was $435,000 which was 11.5 percent higher than the $390,000 in December 2022.
Days on market for Dutchess County NY
The number of days on the market fell 10 percent to 72 days. Last year, at the same time, the average number of days on the market was 80.
Dutchess County detached homes inventory in December 2023
This December the inventory was 398, down from 484 in December 2022
The absorption rate, which represents the time it would take to work off the inventory, was 2.78 months in the current period, compared to 3 months in December 2022
At 98 the purchase offers this December fell 14.8 percent when compared to 115 in December 2022
Other market reports
**Data for the reports came from the Mid Hudson MLS