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Rhinebeck NY home sales in March 2021 update

According to the market update, Rhinebeck NY home sales in March 2021 came in at five, two more than the same time last year.  Three of the five homes sold above the list price. One sold for almost $400,000 less than the list price. As a result, the sale price to list price came in at ninety-five percent.

The homes sold ranged in price from $ 670,000 to $ 2,116,000, with three to six bedrooms. These homes had square feet between 1,800 and 7,800  and were built between 1830 and 2020.

Both the average and median sale price came in higher than in March 2020. The average this year was $ 1,168,678 compared to  $ 461,667. A similar situation for the median, at $ 1,055,000 this March it was much higher than the $325,000 for the same time last year.

Comparison Rhinebeck NY real estate March 2021 to 2020

Comparison	2020	2021
Average List	$ 504,667	$ 1,234,800
Average Sold	$ 461,667	$ 1,168,678
Median List	$ 325,000	$    999,000
Median Sold	$ 325,000	$ 1,055,000
Sales	3	5
DOM	248	136

Other Real Estate Activities In March 2021

A house from 2009 was added to the inventory of Rhinebeck NY homes for sale. (see table below),

There were four houses ranging in price from $300,000 to $995,000 with offers. These three to five-bedroom properties built between 1837 and 1992, had square feet from 1073 to 5236.

Four homes went under contract, with prices ranging from 369,000 to $2,250,000.  These homes were built between 1820 and 2017 with three to eight bedrooms. The smallest house had 1,200 square feet, and the largest 6,240.

Rhinebeck real estate activities in March 2021

Active	1
Avg. List	$ 995,000
Avg. DOM	5
Avg Sq. Ft	3658
Avg $/Sq. Ft	$ 272
Offer	1
Avg. List	$749,000
Avg. DOM	61
Avg Sq. Ft	5236
Avg $/Sq. Ft	$ 237
Offer  CS	3
Avg. List	$ 631,000
Avg. DOM	32
Avg Sq. Ft	2657
Avg $/Sq. Ft	237
Contract	4
Avg. List	$ 1,248,250
Avg. DOM	15
Avg Sq. Ft	3093
Avg $/Sq. Ft	$ 404
Sold	5
Avg. List	$ 1,234,800
Avg. DOM	136
Avg. Sq. Ft.	3427
Avg.$/ Sq. Ft.	$ 360
Avg. Sold.	$ 1,168,678
Avg. $/Sq. Ft.	$ 341

Rhinebeck  real estate sales March 2021

Location	Sale Price
Vlie Rd	$    670,000
Straus Ln	$    807,308
Mill Rd	$ 1,055,000
Will Tremper	$ 1,195,000
Route 308	$ 2,116,000

Village of Rhinebeck  real estate sales March 2021

In March 2021, there were three sales, one more than in March 2020. The sale price to list price was ninety-nine percent.   Homes sold ranged in price from $445,000 to $ 3,000,000.   Built between 1900 and 1969, these three to five-bedroom homes had square feet from 1404 to 4000.

The average sale price at $1, 308,333, was almost three times that of the same time last year, and the median came in at $480,000.

Village Rhinebeck NY home sales March 2021

Comparison	2020	2021
Average List	$ 450,000	$ 1,316,000
Average Sold	$ 435,000	$  1,308,333
Median List	$ –	$    499,000
Median Sold	$ –	$    480,000
Sales	2	3
DOM	114	31

Two homes were added to the inventory. One was a three-bedroom home from 1930 with square feet of 2,214 and priced at $ 625,000.  The other from 1940 had six bedrooms with square feet of 3375 and priced at $ 1,395,000.

One three bedroom home built in  1930 went under contract.

Village of Rhinebeck real estate  activities in March 2021

Active	2
Avg. List	$1,000,000
Avg. DOM	17
Avg. Sq. Ft.	2795
Avg $/Sq. Ft	$361
Offer	3
Avg. List	$ 537,967
Avg. DOM	51
Avg. Sq. Ft.	1,936
Avg $/Sq. Ft	$270
Contract	1
Avg. List	$ 860,000
Avg. DOM	26
Avg. Sq. Ft.	3,157
Avg $/Sq. Ft	$272
Sold	3
Avg. List	$1,316,000
Avg. DOM	31
Avg. Sq. Ft.	2601
Avg $/Sq. Ft	$506
Avg. Sold.	$1,308,333
Avg $/Sq. Ft	$503

Location of the Village home sales in March 2021

Location	Sale Price
N Parsonage	$   445,000
Orchard St	$   480,000
Chestnut St	$3,000,000

February market report

 

If you have a real estate need, please call or text Jennifer Fivelsdal Real Estate Broker at 845-594-9947