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Red Hook NY March 2022 home sales

Red Hook NY March 2022 home sales came in at two which was five less than the same time last year.  These homes had a Sale Price to List Price of 102 percent since one of the homes sold above the list price. 

The home from 1987 with square feet of 1693 sold for $395,000.  The other, from 1940  with square feet of 1958 sold for $500,000.

Home Prices In March 2022

This March the average Red Hook sale price was $ 447,000 compared to $431,857 In March 2021.

These homes were on the market an average of twelve days fewer than the fifty-five days during the same period last year.

Comparison of Red Hook NY March 2022/2021 home sales

Comparison	2021	2022
Average List	$ 437,986	$ 440,000
Average Sold	$ 431,857	$ 447,500
Median List	$ 379,900
Median Sold	$ 382,000
Sales	7	2
DOM	55	12

Other market activities in Red Hook March 2022

 Three homes were added to the inventory, priced between $350,000 and $1,395,000 with square feet from 1416 to 3400.  These homes were built between 1900 and 1967.

Two homes received offers, one built in 1987 with square feet of 1865 and priced at $499,900,  the other a new 2022  construction with square feet of 4002 and priced at $3,325,000.

Five homes went under contract, priced from $389,000 to $1,795,000, and were built between 1972 and 2005  with square feet from 1000 to 4700.

Active	3		Offer CS	2
Avg. List	$748,300		Avg. List	$1,912,450
Avg. DOM	5		Avg. DOM	42
Avg, Sq. Ft	2,522		Avg, Sq. Ft	2,934
Avg, $/Sq. Ft	$297		Avg, $/Sq. Ft	$652

Contract	5
Avg. List	$812,780
Avg. DOM	63
Avg, Sq. Ft	2171
Avg, $/Sq. Ft	$374

Red Hook NY March 2022 home sales

Sales	2022
Average ist	$440,000
Square Ft	1,826
Average $/Sq. Ft.	$241
Average Sold	$447,500
Average $/Sq. Ft.	$245
Sales	2
DOM	12

Location	Price
Route 199	$395,000
Albany Post Rd	$500.000

The Village of Red Hook NY Home Sales In March 2022

In the village, there were no sales this March while there were two in March 2021.

Two homes received offers, both from the 1950s with square feet of 1015 and 1080.  One home was priced at $315,000 and the other at $399,000

A 1928 home with square feet of 2860 and priced at $689.000 went under contract.

 

Active	2		Offer CS	1
Avg. List	$357,000		Avg. List	$ 689,000
Avg. DOM	50		Avg. DOM	2
Avg, Sq. Ft	1,048		Avg, Sq. Ft	2,860
Avg, $/Sq. Ft	$341		Avg, $/Sq. Ft	$241

Thinking of selling your home? Now is the time to act

If you are planning to sell your home, doing so sooner in the Spring could mean less competition and a higher selling price since the inventory is still low.

Buyers will also want to buy sooner than later because of economic factors which could affect their buying power.

These economic factors include inflation and the Fed interest rate hikes.  Mortgage rates have also increased.