Red Hook NY home sales in May 2022 market update

Red Hook NY home sales in May 2022 market update

Red Hook NY Home Sales in May 2022

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

Average List$763,840$723,843
Average sold$759,250$724,071
Median List$759,250$499,900
Median Sold$520,000$500,000 

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

Avg. List$3,122,580Avg. List$ 437,000
Avg. DOM16Avg. DOM20
Avg. Sq. Ft.4,081Avg. Sq. Ft.1,593
Avg $/Sq. Ft$765Avg $/Sq. Ft$ 274
Offer CS2 Contract 3
Avg. List$332,000Avg. List$1,518,333
Avg. DOM12Avg. DOM113
Avg. Sq. Ft.1,130Avg. Sq. Ft.3,362
Avg $/Sq. Ft$294Avg $/Sq. Ft$452
Sales2022Location Price
Average List$723,843Rokeby Rd$  391,000
Square Ft2,548North Dr$ 430,000
Average $/Sq Ft$284Manor Rd$ 485,000
Average Sold$724,071Elm St$ 500,000
Average $/Sq Ft$284Carriage Dr$  700,000
Sales7Starbarrack$  937,000
DOM42Silver 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  

Average List$ 625,000
Average sold$ 712,000
Median List
Median Sold

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.

Avg. List $471,300
Avg DOM23
Avg. Sq. Ft.1,929
Avg. $/Sq. Ft.$244
Sales2022Location Price
Average List$657,000West Market St$625,000
Square Ft2,562South Broadway$799,000
Average $/Sq Ft$256
Average Sold$712,000
Average $/Sq Ft$278

Other market reports


Hyde Park


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.

Jennifer Fivelsdal

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