Market update for Red Hook NY home sales in June 2022

Market update for Red Hook NY home sales in June 2022

Red Hook NY Home Sales In June 2022

Red Hook NY Home Sales In June 2022

A review of the market update for Red Hook NY home sales in June 2022 showed six single-family homes sold compared to ten in June 2021. A Sale Price to List Price of 102 percent was recorded, with five of the six homes selling above the list price.  The homes sold ranged in price from $359,350 to $ 692;000 built between 1957 and 1990 with square feet from 1,416 to 4085

Home Prices In June 2022

The average Red Hook sale price in June at $524,046 was more than the $440,450 recorded at the same time last year.      

A median sale price of $521,462 was recorded for this June compared to 400,000 for June 2021.

Comparison of June 2022/2021 home sales

Comparison 2021 2022
Average List $ 428,970 $ 511,650
Average Sold $ 440,450 $ 524,046
Median List $ 424,000 $497,450
Median Sold $ 400,000 $521,462 
Sales 10 6
DOM 51 72

Other market activities in June 2022

There were four homes added to the inventory, priced between $365,000  and $799,000 with square feet from 1,177 to 3,516.  These homes were built between 1960 and 2024.

Seven homes received offers, built between 1860 and 2009 with square feet from 1144 to 4000.  These three to five-bedroom homes were priced between $305,000 and $995,000.

Three homes went under contract, priced from $299,000 to $599,000, and were built between 1870 and 1930 with square feet from 1,176 to 1,700. 

Active 4   Offer 3
Average List $612,225   Average List $607967
Average Days on market 18   Average Days on market 43
Average Square Feet 2,308   Average Square Feet 2,066
Average $/Square Feet 266   Average $/Square Feet 294
Offer CS 4   Contract 3
Average List $562,250   Average List $449,000
Average Days on market 42   Average Days on market 35
Average Square Feet 2,188   Average Square Feet 1,452
Average $/Square Feet $257   Average $/Square Feet $309

Town of Red Hook sales in June 2022 

Sales 2022   Location Price
Average List $511,650   Route 9G $359,350
Average Square Feet 2,530   Beech St $515,000
Average $/Square Feet $202   Manor $520,000
Average Sold $524,046   Manor $522,925
Average $/Square Feet $207   Elm $535,000
Sales 6   E. Willet $692,000
DOM 72      

The Village of Red Hook NY Home Sales In June 2022

In the village, there were no sales in June of homes listed on the Mid Hudson MLS when compared to four at the same time last year.

Two homes were added to the inventory, one a 992 square foot home priced at $350,000 and the other a 1,437 square feet home priced at $399,000.

There were two homes under contract.  One home with 2,200 square feet and priced at  $429,000.  The other is a 3,200-square foot home priced at $475,000.

Active 2   Contract 2
Average List $374,500   Average List $452,000
Average Days on market 8   Average Days on market 283
Average Square Feet 1,214   Average Square Feet 2,700
Average $/Square Feet $308   Average $/Square Feet 167

**Data used in this report was obtained from the Mid Hudson MLS. Deemed reliable but not guaranteed. Late reporting could result in a change in the number of sales.

A few real estate observations

Due to inflation and higher mortgage rates, some home buyers have decided to take a pause on their desire to purchase a home.

There is a more noticeable price reduction in homes listed for sale.

Some homes are still getting multiple offers

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

Other market reports

Hyde Park NY real estate report

May 2022 Red Hook NY report

April 2022 Red Hook NY report

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