Market Report

Market Report for Dutchess County NY for detached home sales in October 2023

Market report for Dutchess County NY in October

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.

Dutchess County NY October average and median prices

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 NY days on market report

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

Market report for Dutchess County NY inventory

Other market reports

Hyde Park NY

Red Hook NY

Rhinebeck NY

Featured listing 

Video of Dutchess County NY attached and detached home sales Sept.

Video of Dutchess County NY attached and detached home sales Aug.

**Data for the reports came from the Mid Hudson MLS