An analysis of Rhinebeck NY home sales in May 2023 revealed two single-family homes sold that were sold. This number marked a decrease of four homes compared to the sales recorded in May 2022. Notably, the sale price to list price came in at 100%, demonstrating strong demand and a competitive market.
The first home that changed hands was built in 1976. With a spacious area of 2,400 square feet, it managed to fetch a sale price of $416,000. The second home, on the other hand, was a newer construction from 2022, boasting a larger living space of 3,750 square feet. This modern residence commanded a higher sale price of $980,000, further reflecting the diverse offerings within the Rhinebeck housing market
Average and median prices for Rhinebeck NY home sales in May 2023
The average sale price for homes was $698,000, which was lower than the $831,088 recorded during the same period last year.
On average, these homes were on the market for 55 days.
Comparison of May 2023/2022 Home Sales
|Average List||$874,133||$ 701,000|
|Average Sold||$831,088||$ 698,000|
Other market activities during May 2023
Two homes were added to the town’s inventory. The first house, built in 1973, has a spacious area of 2,440 square feet and is priced at $475,000. The second house, constructed in 1955, offers 2,063 square feet and is priced at $599,900.
A total of four offers were received for these homes, ranging from $383,000 to $2,675,000. These offers correspond to houses built between 1830 and 2023, with areas ranging from 1,638 to 5,222 square feet.
Out of the available options, three homes have already gone under contract. These homes were priced between $449,000 and $725,000 and were built between 1900 and 1980. Their square footage ranges from 1,592 to 2,568
Breakdown of Rhinebeck home sales in May 2023 and other activities.
|Avg. Sq. Ft.||2,,252|
|Avg $/Sq. Ft||$239|
|Avg. Sq. Ft.||3,811|
|Avg $/Sq. Ft||$475|
|Avg. Sq. Ft.||1,891|
|Avg $/Sq. Ft||$253|
|Avg. Sq. Ft.||1,944|
|Avg $/Sq. Ft||$22|
|Average List||$ 701,000|
|Average $/Sq Ft||$228|
|Average $/Sq Ft||$227|
Village of Rhinebeck NY home sales in May 2023
This May the Mid Hudson MLS did not record any home sales in the village of Rhinebeck, however back in May 2022 there were two sales.
Comparison of home sales for 2023 and 2022
Other Real Estate Activities during May 2023
In May, two homes were added to the inventory. The first home, built in 1890, had 4,345 square feet and was priced at $1,749,000. The second home, built in 1875, had 4,678 square feet and was priced at $1,995,000.
Two homes received offers, both were from the year 1950 and had square footage under 2000. The first home was priced at $399,000, while the second home had a price of $575,000.
|Avg. Sq. Ft.||4,512|
|Avg $/Sq. Ft||$415|
|Avg. Sq. Ft.||1,596|
|Avg $/Sq. Ft||$250|
|Avg. Sq. Ft.||1,638|
|Avg $/Sq. Ft||$351|
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