Market Report for Dutchess County NY for detached home sales in October 2023
Market Report for Dutchess County detached home sales in October 2023
Analysis of Dutchess County, NY Home sales in October 2023
The Market Report for Dutchess County NY, during October 2023 showed home sales fell 33 percent compared to October 2022. This October, 118 homes were sold, whereas 176 homes were sold last October.
The current sales dollar volume fell 31.7 percent to $59,268,975 compared to $86,892,779 at the same time last year. This was mostly affected by the difference in the number of sales.
Of the single-family detached homes sold, four sold above a million dollars. The price range of all the sales was $183,000 to $ 1,950,000. Built between 1850 and 2023, these homes had square feet from 870 to 5,8683.
Average and Median sale prices of detached homes in October 2023
The average sale price in October 2023 rose 1.9 percent to $503,127 when compared to $493,709 last October
A median sale price this October of $444,500 came in 10.4 percent higher than in October 2022 when the median was $402,500
Dutchess County detached homes days on market in October 2023
The number of days on the market increased by 6.9 percent to 62 days. Last year, at the same time, the average number of days on the market was 58.
Dutchess County detached homes inventory in 2023 October
The inventory at 549 fell 14.6 percent compared to October 2022 when it was 643.
The absorption rate, which represents the time it would take to work off the inventory, was 4.65 months in the current period, compared to 3.65 months in October 2022.
At 107 the purchase offer fell 25.2 percent when compared to 143 in October 2022
Other market reports
Video of Dutchess County NY attached and detached home sales Sept.
**Data for the reports came from the Mid Hudson MLS