Red Hook NY home sales in May 2022 market update
Update for Red Hook NY Home Sales in May 2022
Red Hook NY home sales in May 2022 at seven was three less than the same time last year. The homes sold had a Sale Price to List Price of 100 percent with five homes selling above the list price.
The homes sold ranged in price from $391,000 to $ 1,625,000; built between 1960 and 2004 with square feet from 1,400 to 4,700.
Red Hook NY Home Prices In May 2022
The average Red Hook sale price in May at $724,071 was less than the $759,250 recorded for the same time last year.
A median sale price of $500,000 was recorded for this May compared to 520,000 for May 2021.
Comparison of May 2022/2021 home sales
| Comparison | 2021 | 2022 |
| Average List | $763,840 | $723,843 |
| Average sold | $759,250 | $724,071 |
| Median List | $759,250 | $499,900 |
| Median Sold | $520,000 | $500,000 |
| Sales | 10 | 7 |
| DOM | 68 | 42 |
Other market activities in Red Hook May 2022
Ten homes were added to the inventory, priced between $415,000 and $25,000,000 with square feet from 1,052 to 16,608. These homes were built between 1851 and 2022. The home listed at $25,000,000 was from 1851 with ten bedrooms and square feet of 16,608
Six homes received offers, built between 1930 and 2000 with square feet from 696 to 2,442. These two to four-bedroom homes were priced between 289,000 and $585,000.
Three homes went under contract, priced from $545,000 to $3,325,000, and were built between 1985 and 2022 with square feet from 2,000 to 4,085.
Activities In May 2022 Red Hook NY
| Active | 10 | Offer | 4 | |
| Avg. List | $3,122,580 | Avg. List | $ 437,000 | |
| Avg. DOM | 16 | Avg. DOM | 20 | |
| Avg. Sq. Ft. | 4,081 | Avg. Sq. Ft. | 1,593 | |
| Avg $/Sq. Ft | $765 | Avg $/Sq. Ft | $ 274 |
| Offer CS | 2 | Contract | 3 | |
| Avg. List | $332,000 | Avg. List | $1,518,333 | |
| Avg. DOM | 12 | Avg. DOM | 113 | |
| Avg. Sq. Ft. | 1,130 | Avg. Sq. Ft. | 3,362 | |
| Avg $/Sq. Ft | $294 | Avg $/Sq. Ft | $452 |
| Sales | 2022 | Location | Price | |
| Average List | $723,843 | Rokeby Rd | $ 391,000 | |
| Square Ft | 2,548 | North Dr | $ 430,000 | |
| Average $/Sq Ft | $284 | Manor Rd | $ 485,000 | |
| Average Sold | $724,071 | Elm St | $ 500,000 | |
| Average $/Sq Ft | $284 | Carriage Dr | $ 700,000 | |
| Sales | 7 | Starbarrack | $ 937,000 | |
| DOM | 42 | Silver Lane | $1,625,000 |
The Village of Red Hook NY Home Sales In May 2022
In the village, there were two sales this May compared to no sales in May 2021. The sale price to list price came in at 108 percent with the most expensive home selling above the list price.
One was a four-bedroom home from 1870 with square feet of 2,264. it sold for $625,000.
The other, a three-bedroom home from 1928 with square feet of 2,860 sold for $799,000.
This May in the Village of Red Hook the average home sale price was $712,000.
Comparison of May 2022/2021 Home Sales in Red Hook Village
| Comparison | 2021 | 2022 |
| Average List | – | $ 625,000 |
| Average sold | – | $ 712,000 |
| Median List | – | – |
| Median Sold | – | – |
| Sales | – | 2 |
| DOM | – | 20 |
Other market activities in the Village of Red Hook in May 2022
Three homes were added to the inventory ranging in price from $339,900 to $595.000. These homes were built between 1920 and 1980 and had square feet from 1164 to 3200.
| Active | 3 |
| Avg. List | $471,300 |
| Avg DOM | 23 |
| Avg. Sq. Ft. | 1,929 |
| Avg. $/Sq. Ft. | $244 |
| Sales | 2022 | Location | Price | |
| Average List | $657,000 | West Market St | $625,000 | |
| Square Ft | 2,562 | South Broadway | $799,000 | |
| Average $/Sq Ft | $256 | |||
| Average Sold | $712,000 | |||
| Average $/Sq Ft | $278 | |||
| Sales | 2 | |||
| DOM | 20 |
Other market reports
Thinking of selling your home? Here are a few things to consider
Higher mortgage rates coupled with higher home prices will weaken buyers’ purchasing power.
Inflation will also have an impact on the housing market.
If you are thinking of selling doing so sooner than later would be a good move.
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