Market update for Rhinebeck NY home sales in May 2022

Market update for Rhinebeck NY home sales in May 2022

Rhinebeck  NY home sale in May 2022s

Rhinebeck NY home sales in May 2022

In Rhinebeck NY during May 2022 seven homes sold compared to six in May 2021.  The sale price to list price came in at 96 percent with three houses selling above the list price.

The homes sold ranged in price from $155,000 to $ 1,200,000. These three-and- four-bedroom homes  were built between 1870 and 2015 with square feet from 1,484 to 4,255

Rhinebeck NY home Price in May 2022

The average sale price came in at $839,646 this May which was lower than the                               $1,012,167 at the same time last year. 

This  May the median sale price was $906,525 compared to $812,000  in May 2021. 

Homes were on the market an average of 101 days before selling, which was more than the 93 days at the same time last year.

Comparison of May 2022/2021 home sales in Rhinebeck

Average List$1,057,000$876,543
Average Sold$1,012,167$876,543
Median List$872,000$989,800
Median Sold$812,000$906,525

Other Real Estate Activities During May 2022

Ten homes were added to the inventory, these ranged in price from $449,900  to $1,599,000. Built between 1850 and 2022, the homes had square feet from 1,080 to 3,750

One home received an offer. It was priced at $369,000 with square feet of      1,560 and was built in 1960.

There was one home under contract, it was priced at $1,195,000, built in 1890  with square feet of  3,000.

Other Real Estate Activities

Average List$842,600Average List$369,000
Average DOM32Average DOM36
Avg. Sq. Ft.2,418Avg. Sq. Ft.1,560
Avg $/Sq. Ft$348Avg $/Sq. Ft$237
Average List$1,195,000
Average DOM16
Avg. Sq. Ft.3,000
Avg $/Sq. Ft$398

Sales Activities In May 2022

Average List$876,543Slate Quarry Rd$ 155,000
Average DOM101Jaybird Rd$ 725,000
Avg. Sq. Ft.2,579Clay Rd$  891,000
Avg. $/Sq. Ft.$340Buttonwood Lane$  906,525
Average Sold$839,646Stanford Ct$  950,000
Avg. $/Sq. Ft.$326Grinnell St$1,050,000
Knollwood Rd$1,200,000

Market Update for the Village of Rhinebeck NY home sales in May 2022

In the Village of Rhinebeck NY during May 2022 there were two sales, with a sale price to list price of 98 percent. One of the homes was priced at $325,000, it was built in  1963 and had square feet of 1,470. The other, priced at $2,995,000 with square feet of 6,222 and was built in 1860

Comparison of May 2022/2021 Home Sales in Rhinebeck Village 

Average List$537,087$1,692,000
Average Sold$553,500$ 1,660,000
Median List$624,000
Median Sold$618,000

Other Real Estate Activities

Average List$459,900Average List$547,000
Average DOM325Average DOM99
Avg. Sq. Ft.1,064Avg. Sq. Ft.1,630
Avg $/Sq. Ft$432Avg $/Sq. Ft$336
Average List$1,475,000
Average DOM27
Avg. Sq. Ft.2,432
Avg $/Sq. Ft$606

Sales Activities In May 2022

Average List$1,692,000Arnett Road$ 325,000
Average DOM47Chestnut St$2,995,000
Avg. Sq. Ft.3,846
Avg. $/Sq. Ft.$440
Average Sold$1,660,000
Avg. $/Sq. Ft.$432

Other market reports


Hyde Park

Red Hook

Is now a good time to sell your home?

Higher mortgage rates coupled with higher home prices will weaken buyers’ purchasing power.

Inflation will also have an impact on the housing market.

If you are thinking of selling doing so sooner than later would be a good move.

Jennifer Fivelsdal

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