Market report for Red Hook NY home sales in August 2023
A look at Red Hook NY home sales in August 2023
In Red Hook NY 10 single-family homes sold in August 2023, compared to 6 in August 2022. The Sale Price to the List Price came in at 96 percent, with 4 homes selling above the list price.
These homes ranged in price from $312,888 to $1,875,000 built between 1958 and 2025 with square feet from 1008 to 4,400
Average and median prices for Red Hook NY home sales in August 2023
The average sale price of these homes was $727,589 compared to an average sale price of $625,583 in August 2022.
A median sale price of $645,000 was recorded this August, which was lower than the $703,250 at the same time last year
This August homes were on the market for an average of 52 days, compared to 50 days at the same time
Comparison of August 2023/2022 Home Sales
| Comparison | 2022 | 2023 |
| Average List | $601,957 | $760,790 |
| Average Sold | $625,583 | $727,589 |
| Median List | $644,450 | $662,000 |
| Median Sold | $703,230 | $645,000 |
| Sales | 6 | 10 |
| DOM | 50 | 52 |
Other market activities during August 2023
Four homes were added to the inventory. These homes ranged in price from $330,000 to $1,650,000, built between 1920 and 2011. The square feet of these homes ranged from 740 to 7413
Three homes received offers priced from $318,000 to $725,000 built between 1830 and 2021, with square feet from 1440 to 2.255
Five homes went under contract priced from $325,000 to $897,000. Built between, 1870 and 1960 with square feet from 1,149 to 2838.
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Breakdown of Red Hook NY home sales in August 2023
| Active | 4 |
| Avg. List | $1,043,500 |
| Avg. DOM | 17 |
| Avg. Sq. Ft. | 3,643 |
| Avg $/Sq. Ft | $286 |
| Offer | 1 |
| Avg. List | $597,500 |
| Avg. DOM | 8 |
| Avg. Sq. Ft. | 2,255 |
| Avg $/Sq. Ft | $265 |
| Offer CS | 2 |
| Avg. List | $521,500 |
| Avg. DOM | 11 |
| Avg. Sq. Ft. | 1,657 |
| Avg $/Sq. Ft | $315 |
| Contract | 5 |
| Avg. List | $570,580 |
| Avg. DOM | 62 |
| Avg. Sq. Ft. | 1,809 |
| Avg $/Sq. Ft | $315 |
| Sales | 2023 |
| Average List | $760,790 |
| Square Ft | 2,494 |
| Average $/Sq Ft | $305 |
| Average Sold | $727,589 |
| Average $/Sq Ft | $292 |
| Sales | 10 |
| DOM | 52 |
| Location | Price |
| Jefferson Rd | $312,888 |
| Aspinwall Rd | $430,000 |
| Jefferson Rd | $395,000 |
| Sunrise Dr | $575,000 |
| Hewlett Rd | $650,000 |
| Glen Ridge Rd | $640,000 |
| Fairway Lane | $795,000 |
| Rockefeller Lane | $853,000 |
| Albany Post Rd | $1,875,000 |
| Pondview Dr | $750,000 |
***Shown on Mid Hudson MLS but was listed on another MLS
Village of Red Hook NY home sales in August 2023
This August two homes sold in the Village of Red Hook, the same number of sales in August 2022. One of the homes sold this August was from 1985 with square feet of 1242 and priced at $400,000. The other was from 1965 with square feet of 2,163 and priced at $416,250.
The sale price to the list price came in at 101 percent.
Average Sale Price for the Village of Red Hook
The average sale price of the homes sold was $408,125.
This August homes were on the market for an average of 18 days
Comparison of home sales for August 2023 and 2022
| Comparison | 2022 | 2023 |
| Average List | $474,000 | $403,750 |
| Average Sold | $478,000 | $408,125 |
| Median List | – | – |
| Median Sold | – | – |
| Sales | 2 | 2 |
| DOM | 36 | 18 |
Other Real Estate Activities during August 2023
For sale inventory, one home priced at $449,000 was added to the Red Hook Village homes.
There was one offer, a home from 1965.
| Active | 1 |
| Avg. List | $449,000 |
| Avg. DOM | 29 |
| Avg. Sq. Ft. | 1,623 |
| Avg $/Sq. Ft | $277 |
| Contract | 1 |
| Avg. List | $374,500 |
| Avg. DOM | 101 |
| Avg. Sq. Ft. | 952 |
| Avg $/Sq. Ft | $393 |
Home sales activities in the Village
| Sales | 2 |
| Average List | $ 403,750 |
| Square Ft | 1,702 |
| Average $/Sq Ft | $237 |
| Average Sold | $ 408,125 |
| Average $/Sq Ft | $240 |
| Sales | 2 |
| DOM | 18 |
| Location | Price |
| Kent Rd | $400,000 |
| Smith St | $416,250 |
Changes affecting the real estate market
1. Mortgage rates are now over seven percent, the highest in twenty years.
2. Home prices have risen to levels where some potential buyers are priced out of the market.
3. Inventory level is lower since some homeowners who would like to move on can’t do so because purchasing another home would be more expensive.
4. New home construction sales are doing well.
If you are looking for a Red Hook home, you can start your home search here
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