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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

Comparison20212022
Average List$ 324,156$ 449,377
Average Sold$ 332,278$ 470,650
Median List$ 309,000$ 351,944
Median Sold$ 315,000$ 359,500
Sales912
DOM7528

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 ​ ​

ACTIVE13NEW1
Avg. List$349,285Avg. List$209,900
Avg. DOM13Avg. DOM4
Avg. Sq. Ft.1,548Avg. Sq. Ft.800
Avg $/Sq. Ft$226Avg $/Sq. Ft$252​
OFFER10OFFER CS7
Avg. List$373,050Avg List$398,414
Avg. DOM44Avg DOM39
Avg. Sq. Ft.1,725Avg. Sq. Ft.1,954
Avg $/Sq. Ft$216Avg $/Sq. Ft$204
CONTRACT9
Avg List$341,743
Avg DOM71
Avg. Sq. Ft.1,654
Avg $/Sq. Ft$207

 ​

Hyde Park NY home sales in July 2022

Sold12LocationPrice
Average List $449,377E Dorsey Ln $309,800
DOM28E Fallkill Rd $320,000​
Avg. Sq. Ft1,995Sycamore $330,000​
Avg. Sold$225 W Dorsey $330,000
Avg. Sold$470,650Norah $332,000
Avg. $/Sq. Ft$236Rogers $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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