Rhinebeck NY home sales in February 2022
Rhinebeck NY home sales in February 2022
The market update for Rhinebeck NY home sales in February 2022 showed two homes sold compared to eight in February 2021. The sale price to list price came in at 103 percent since one house sold above the list price.
One of the houses sold for $787,000, it had square feet of 2,664 and was built in 2000. The other was an antique home from 1880 with square feet of 2,139 it sold for $835,000 which was above the list price
Rhinebeck Average sales price for February
The average sale price came in at $ 811,000 this February was lower than the $999,562 for the same time last year.
Homes were on the market an average of 22 days before selling down from 131 days in February 2021.
Comparison of February 2022/2021 home sales in Rhinebeck
| Comparison | 2021 | 2022 |
| Average List | $1,084,425 | $ 791,000 |
| Average Sold | $ 999,562 | $811,000 |
| Median List | $ 592,750 | – |
| Median Sold | $ 582,500 | – |
| Sales | 8 | 2 |
| DOM | 131 | 22 |
Other Real Estate Activities During February 2022
Two homes were added to the inventory, a four-bedroom house built in 1973 with square feet of 2,440 and priced at $539,000, the other, a three-bedroom house from 1970 with square feet of 2,348 and priced at $725,000.
One house priced at $295,000 from 1871 with 1604 square feet received an offer.
| Active | 2 | Offer | 1 | |
| Average List | $ 632,000 | Average List | $ 295,000 | |
| Avg. DOM | 22 | Avg. DOM | 17 | |
| Avg. Sq. Ft. | 2,394 | Avg. Sq. Ft. | 1,604 | |
| Avg $/Sq. Ft | $264 | Avg $/Sq. Ft | $184 |
Rhinebeck NY Home Sales Activities In February 2022
| Sold | 2 |
| Average List | $791,000 |
| DOM | 22 |
| Avg. Sq. Ft | 2402 |
| Avg.$/ Sq. Ft | $329 |
| Avg. Sold | $811,000 |
| Avg. $/Sq. Ft | $336 |
Location of Rhinebeck home sales in February 2022
| Location | Price |
| Espie | $787,000 |
| Violet Hill Rd | $835,000 |
The Village of Rhinebeck NY home sales in February 2022
In the Village of Rhinebeck NY during February 2022 two homes sold compared to four in February 2021. The sale price to list price came in at 103 percent since one house sold above the list price.
One of the homes sold for $535,000, it had square feet of 1,808 and was built in 1975. The other was an antique home from 1860 with square feet of 3000 it sold for $1,020,000 which was above the list price
The average sale price of $777,500 this February was lower than the $838,500 recorded for last February.
Homes were also on the fewer days this February, 40 versus 118 days.
Comparison of February 2022/2021 Home Sales in Rhinebeck Village
| Comparison | 2021 | 2022 |
| Average List | $859,500 | $755,000 |
| Average Sold | $838,500 | $777,500 |
| Median List | $569,000 | – |
| Median Sold | $574,500 | – |
| Sales | 4 | 2 |
| DOM | 118 | 40 |
Real Estate Activities February 2022
During February in the Village of Rhinebeck one house from 1930 was added to the inventory., it was priced at $459,900 with square feet of 1064.
Three homes went under contract ranging in price from $475,000 to $2,995,000. These three to five-bedroom homes were built between 1860 and 1985, with square feet from 1722 to 6,222
| Active | 1 | Contract | 3 | |
| Average List | $459,900 | Average List | $1,321,667 | |
| Avg. DOM | 232 | Avg. DOM | 49 | |
| Avg. Sq. Ft. | 1064 | Avg. Sq. Ft. | 3116 | |
| Avg $/Sq. Ft | $432 | Avg $/Sq. Ft | $424 |
Village Sales Activities In February 2022
| Sold | 2 |
| Average List | $755,800 |
| DOM | 31 |
| Avg. Sq. Ft | 2404 |
| Avg.$/ Sq. Ft | $314 |
| Avg. Sold | $777,500 |
| Avg. $/Sq. Ft | $323 |
Location of Rhinebeck Village home sales in February 2022
| Location | Price |
| Starr Dr | $535,000 |
| Livingston St | $1,020,000 |
Is now a good time to sell your home?
Spring is here, a time when home inventory increases.
If you are planning to sell your home, doing so sooner in the Spring could mean less competition and a higher selling price.
Economic factors such as inflation and the Fed interest rate hikes could affect a home buyer’s buying power, this could lead to homes staying on the market longer.
Buyers are out hoping to find a home after months of lower inventory.
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