Red Hook NY home sales in September 2023 update
A Closer look at Red Hook NY home sales in September 2023
Red Hook NY home sales in September 2023 came in at four, compared to nine at the same time last year. The Sale Price to the List Price came in at 100 percent, with two homes selling above the list price.
These homes ranged in price from $425,000 to $895,000 built between 1880 and 2006 with square feet from 1,149 to 3,000.
Average and median prices for Red Hook NY home sales in September 2023
The average sale price of these homes was $633,500 compared to an average sale price of $2,593,000 in September 2022 due to a sale back then of $18,500,000
A median sale price of $607,000 was recorded this September, which was more than the $584,000 at the same time last year
This September homes were on the market for an average of 71 days, compared to 51 days in September 2022.
Comparison of September 2023/2022 Home Sales
| Comparison | 2022 | 2023 |
| Average List | $3,300,322 | $636,250 |
| Average Sold | $2,593,000 | $633,500 |
| Median List | $550,000 | $614,500 |
| Median Sold | $584,000 | $607,000 |
| Sales | 9 | 4 |
| DOM | 51 | 71 |
Other market activities during September 2023
Five homes were added to the inventory. These homes ranged in price from $425,000 to $725,000, built between 1965 and 2011. The square feet of these homes ranged from 1,468 to 3,336
Eight homes received offers priced from $144,000 to $2,235,000 built between 1830 and 2023, with square feet from 832 to 2728
One home went under contract. It was priced at $725,000, built in 2021, with square feet of 1,874.
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Breakdown of Red Hook NY home sales in September 2023
| Active | 2 |
| Avg. List | $567,000 |
| Avg. DOM | 9 |
| Avg. Sq. Ft. | 2,508 |
| Avg $/Sq. Ft | $226 |
| New | 3 |
| Avg. List | $578,333 |
| Avg. DOM | 2 |
| Avg. Sq. Ft. | 1,977 |
| Avg $/Sq. Ft | $293 |
| Offer | 3 |
| Avg. List | $530,967 |
| Avg. DOM | 38 |
| Avg. Sq. Ft. | 2,081 |
| Avg $/Sq. Ft | $255 |
| Offer CS | 5 |
| Avg. List | $801,600 |
| Avg. DOM | 136 |
| Avg. Sq. Ft. | 1,870 |
| Avg $/Sq. Ft | $429 |
| Contract | 1 |
| Avg. List | $725,000 |
| Avg. DOM | 15 |
| Avg. Sq. Ft. | 1,874 |
| Avg $/Sq. Ft | $387 |
| Sales | 2023 |
| Average List | $636,250 |
| Square Ft | 2,040 |
| Average $/Sq Ft | $312 |
| Average Sold | $633,500 |
| Average $/Sq Ft | $311 |
| Sales | 4 |
| DOM | 71 |
| Location | Price |
| Cambridge | $425,000 |
| Lasher Rd | $525,000 |
| Budds Corner Rd | $689,000 |
| Eastview Lane | $895,000 |
Village of Red Hook NY real estate in September 2023
According to the Mid Hudson MLS, no sales of homes listed on the MLS were recorded in the Village of Red Hook, while in September 2022 there were three.
Comparison of home sales for September 2023 and 2022
| Comparison | 2022 | 2023 |
| Average List | $366,667 | – |
| Average Sold | $371,667 | – |
| Median List | $365,000 | – |
| Median Sold | $375,000 | – |
| Sales | 3 | – |
| DOM | 41 | – |
Other Real Estate Activities during September 2023
Two homes went under contract, one built in 1950 with square feet of 952 and priced at $374,500. The other, from 2002 with square feet of 2,282 and priced at $579,000.
| Contract | 2 |
| Avg. List | $476,750 |
| Avg. DOM | 71 |
| Avg. Sq. Ft. | 1,617 |
| Avg $/Sq. Ft | $295 |
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.
If you are looking for a Red Hook home, you can start your home search here
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