Red Hook NY home sales in August 2022 came in higher
Market update for Red Hook NY home sales in August 2022
The Red Hook NY home sales In August 2022 came in at nine which was three more than in August 2021. The Sale Price to List Price was 103 percent due to two homes selling above the list price.
Homes sold in August ranged in price from $238,000 to $779,000 built between 1870 and 2018 with square feet from 696 to 3,600.
Single Family Home Price In August 2022
Red Hook NY’s average sale price in August was $553,722 compared to $673,833 recorded for the same time last year.
this August the median sale price was $580,000 up from $565,000 last August,
Comparison of August 2022/2021 home sales
| Comparison | 2021 | 2022 |
| Average List | $ 671,300 | $ 537,978 |
| Average Sold | $ 673,833 | $ 553,722 |
| Median List | $ 559,500 | $ 639,900 |
| Median Sold | $ 565,000 | $ 580,000 |
| Sales | 6 | 9 |
| DOM | 100 | 41 |
Other Red Hook market activities during August 2022
Nine homes were added to the inventory, priced between $219,000 and $1,250,000 with square feet from 950 to 2,885. These homes were built between 1810 and 2023 and included one new construction.
Four homes received offers, built between 1935 and 2015 with square feet from 891 to 4,220. These ones to four-bedroom homes were priced between $280,000 and $695,000.
Five homes went under contract, priced from $389,000 to $25,000,000 built between 1851 and 2003 with square feet from 1564 to 16,608.
Data for August non sales activities
| ACTIVE | 9 |
| Avg. List | $671,389 |
| Avg. DOM | 36 |
| Avg. Sq. Ft. | 1955 |
| Avg $/Sq, Ft | $343 |
| OFFER | 3 |
| Avg. List | $516,333 |
| Avg. DOM | 43 |
| Avg. Sq. Ft. | 2589 |
| Avg $/Sq. Ft. | $199 |
| OFFER CS | 1 |
| Avg, List | $649,999 |
| Avg. DOM | 70 |
| Avg, Sq. Ft | 2932 |
| Avg $/Sq. Ft | $222 |
| Contract | 5 |
| Avg. List | $5,370,800 |
| Avg, DOM | 49 |
| Avg, Sq. Ft | 4,733 |
| Avg. Sq. Ft | $1,135 |
Home Sales in Red Hook in August 2022
| Sales | 2022 |
| Average List | $537,978 |
| Square Ft | 1930 |
| Average $/Sq Ft | $269 |
| Average Sold | $553,722 |
| Average $/Sq Ft | $274 |
| Sales | 9 |
| DOM | 41 |
Locations of Red Hook home sales in August 2022
| Location | Price |
| Rokeby Rd | $238,000 |
| Fitzsimmons | $280,000 |
| Benner | $410,000 |
| Park Ave | $540,000 |
| Manor Rd | $580,000 |
| Sunrise Dr | $689,000 |
| Mill Rd | $717,500 |
| Albany Post Rd | $750,000 |
| Pitcher Ln | $779,000 |
The Village of Red Hook NY home sales In August 2022
In the village, there was one sale in August 2022 compared to two at the same time last year. This was a 2,600-square-foot home from 1957 which sold for $540,000.
Two homes received an offer and two went under contract.
Comparison of August 2022/2021 home sales
| Comparison | 2021 | 2022 |
| Average List | $332,000 | $ 549,000 |
| Average Sold | $346,250 | $540,000 |
| Median List | – | – |
| Median Sold | – | – |
| Sales | 2 | 1 |
| DOM | 126 | 39 |
Activities In August 2022 Village of Red Hook NY
| Offer | 1 |
| Avg. List | $350,000 |
| Avg. DOM | 75 |
| Avg. Sq. Ft. | 992 |
| Avg $/Sq. Ft | $353 |
| Offer CS | 1 |
| Avg. List | $469,999 |
| Avg, DOM | 19 |
| Avg. Sq. Ft. | 1530 |
| Avg $/Sq. Ft | $307 |
| Contract | 2 |
| Avg. List | $375,000 |
| Avg, DOM | 29 |
| Avg. Sq. Ft. | 1093 |
| Avg $/Sq. Ft | $343 |
Home sale in the Village of Red Hook in August 2022
| Sales | 2022 |
| Average List | $ 549,000 |
| Square Ft | 2,600 |
| Average $/Sq Ft | $211 |
| Average Sold | $540,000 |
| Average $/Sq Ft | $208 |
| Sales | 1 |
| DOM | 39 |
Sale Location in the village August 2022
| Location | Price |
| Park Ave | $540,000 |
Real estate observations
◦Due to inflation and higher mortgage rates some home buyers were priced out of the market.
There are more open houses, as well as price reductions in the local market.
It is a better strategy to price a home a bit lower to attract more interest. Doing this could lead to more offers and a higher price. Pricing higher could make it necessary to reduce the price one or more times before getting an accepted offer.
Finding affordable housing or rental is still a challenge.
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