Real estate update for Hyde Park NY home sales in July 2022

Real estate update for Hyde Park NY home sales in July 2022

Hyde Park NY home sales in July 2022

Analysis of Hyde Park NY home sales in July 2022

 Hyde Park NY home sales in July 2022 at twelve was three more than the nine recorded for the same time last year.

Homes sold had a sale price to list price of 105 percent, with all homes selling above list price.

The single-family homes sold ranged in price from $309,800 to $1,300,000 and had square feet from 1,005 to 3,865.  These homes were built between 1,870 and 2001.​

Average and Median Prices in Hyde Park NY during July 2022

The average sale price of $470,650 was higher than the $332,278 recorded in July 2021.

A median sale price this July of $359,500 was more than the $315,000 at the same time last year.

​Homes were on the market an average of 28 days which was lower than the 75 days for the same time last year.

Comparison of July 2022/2021 home sales

Comparison 2021 2022
Average List $ 324,156 $ 449,377
Average Sold $ 332,278 $ 470,650
Median List $ 309,000 $ 351,944
Median Sold $ 315,000 $ 359,500
Sales 9 12
DOM 75 28

Other market activities in July 2022​

Fourteen homes were added to the Hyde Park NY homes for sale inventory. These two to four-bedroom homes ranged in price from $175,000 to $549,900 built between 1920 and 1997 with square feet from 944 to 3,910

Seventeen homes received offers. These homes had two to four bedrooms, with prices ranging from $249,900 to $695,000 with the smallest house at 944 square feet and the largest at 3,723 square feet.  These were built between 1957 and 2005..​

Nine homes went under contract, built between 1936 and 2022. These three and  four-bedroom homes ranged in price from $189,900 to $489,000 with square feet from 869  to 2,480 ​ ​

Avg. List $349,285   Avg. List $209,900
Avg. DOM 13   Avg. DOM 4
Avg. Sq. Ft. 1,548   Avg. Sq. Ft. 800
Avg $/Sq. Ft $226   Avg $/Sq. Ft $252​
Avg. List $373,050   Avg List $398,414
Avg. DOM 44   Avg DOM 39
Avg. Sq. Ft. 1,725   Avg. Sq. Ft. 1,954
Avg $/Sq. Ft $216   Avg $/Sq. Ft $204
CONTRACT 9      
Avg List $341,743      
Avg DOM 71      
Avg. Sq. Ft. 1,654      
Avg $/Sq. Ft $207      


Hyde Park NY home sales in July 2022

Sold 12   Location Price
Average List  $449,377   E Dorsey Ln $309,800
DOM 28   E Fallkill Rd $320,000​
Avg. Sq. Ft 1,995   Sycamore $330,000​
Avg. Sold $225    W Dorsey $330,000
Avg. Sold $470,650   Norah $332,000
Avg. $/Sq. Ft $236   Rogers $350,000
      Old Post Rd $369,000
      Lyons Dr $385,000
      Rockledge $451,000
      Louise Place $496,000
      Cream St  $675,000
      Curry Ln $1,300,000​​

​Recent 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.​ Others are now being more selective in their home choice.
  • More listing are coming on the market, at the same time there are more price reductions.
  • 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 offers

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