Rhinebeck NY home sales fell in June 2022

Rhinebeck NY home sales fell in June 2022

Rhinebeck NY home sales in June 2022

Market update for Rhinebeck NY home sales in June 2022

Rhinebeck NY home sales in June 2022 market update showed two homes sold compared to seven in June 2021.  The sale price to list price came in at 84 percent with one house selling for $400,000 less than the list price.

Both homes were million-dollar sales, one from 1890 and the other from 1980;

Market update for Rhinebeck NY home sales in June 2022

The average sale price came in at $1,200,000 this June which was lower than the $1,277,571 at the same time last year. 

Homes were on the market an average of 139 days before selling, which was much higher than the 17 days at the same time last year.

Average List$ 1,282,857$ 1,422,500
Average Sold$ 1,277,571$ 1,200,000
Median List$ 925,000$-
Median Sold$ 1,200,000$- 

Other market activities in Rhinebeck NY June 2022

Eleven homes were added to the inventory, these ranged in price from $350,000  to $1,495,000. Built between 1910 and 2022, the homes had square feet from 840 to 3,750.

Three homes received offers, with prices ranging from 465,000 to $1,350,000. These homes were built between 1890 and 2021 with square feet from  1290 to 3,200.

Average List$797,545Average List$1,350,000
Average Days on market14Average Days on market45
Average Square Feet2,538Average Square Feet3,200
Average $/Square Feet$314Average $/Square Feet$422
Offer CS2
Average List$572,450
Average Days on market44
Average Square Feet1,876
Average $/Square Feet$305

Home sales in June 2022 in Rhinebeck NY

SalesJune 2022Location Price
Average List$1,422,500Primrose Hill Rd$1,150,000
Average Square Feet2,950Route 9G$1,250,000
Average $/Square Feet$482
Average Sold$1,200,000
Average $/Square Feet$407

Market Update for the Village of Rhinebeck NY home sales in June 2022

In the Village of Rhinebeck NY during June 2022 no sales were recorded of homes listed on the Mid Hudson MLS.

Four homes were added to the inventory. These homes ranged in prices from $459.900 to $1,595,000 and were built between 1853 and 1930 with square feet from 1064 to 2150

Two homes received offers.  One home was built in 1963 with square feet of 1,764 square feet and was priced at $447,000.  The other was built in 1960 with square feet of 1664 and priced at $549,900

Comparison of June 2022/2021 Home Sales in Rhinebeck Village

Average List$ 942,500$ –
Average Sold$ 887,500$-
Median List$ –$-
Median Sold$ –$-


Average List$912,225Average List$498,450
Average Days on market133Average Days on market14
Average Square Feet1,625Average Square Feet1,714
Average $/Square Feet$421Average $/Square Feet$291

Data used in this report came from the Mid Hudson MLS. Deemed reliable but not guaranteed. Late reporting could cause numbers to be adjusted. (the report does not include private sales)

Recent real estate observations

Due to inflation and higher mortgage rates, some home buyers have decided to take a pause on their desire to purchase a home.

There is a more noticeable price reduction in homes listed for sale.

Some homes are still getting multiple offers

It is a better strategy to price a home a bit lower to attract more interest, get more offers and a higher price, instead of pricing higher and then finding it necessary to reduce the price one or more times before getting an accepted offer.

Other market reports

May 2022 Rhinebeck report

April 2022 Rhinebeck report

Red Hook NY June 2022 report

Hyde Park NY June 2022 report

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