Market Report

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

Market Report for Dutchess County NY home sales.

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.

Median and average prices market update for Dutchess

Average and Median sale prices of detached homes in December 2023

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 of homes sold in Dutchess County

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

Dutchess County NY home inventory market update

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