Rhinebeck NY home sales in September 2022
Market update for Rhinebeck NY home sales in September 2022
Rhinebeck NY home sales in September 2022 at five was three less when compared to eight at the same time last year. The sale price to list price was ninety-nine percent.
The homes sold ranged in price from $385,000to $1, 750,000. Built between 1850 and 1998 with square feet ranging from 1,786 to 4,183.
Rhinebeck NY home Price in September 2022
The average sale price came in at $942,980 this September which was higher than the $789,750 at the same time last year.
This September the median sale price was $995,000 which was more than the $795,000 recorded in September 2021.
Homes were on the market an average of 51 days before selling, which was less than the 64 days at the same last year,
Comparison September 2022/2021 Home Sales in Rhinebeck NY
| Comparison | 2021 | 2022 |
| Average List | $778,375 | $955,800 |
| Average Sold | $789,750 | $942,980 |
| Median List | $797,000 | $915,000 |
| Median Sold | $ 795,000 | $995,000 |
| Sales | 8 | 5 |
| DOM | 64 | 51 |
Other Real Estate Activities During September 2022
Seven homes were added to the inventory, priced between $469,500 and $2,985,000, built between 1830 and 2006, with square feet from 1,232 to 5,222.
Six homes received offers, with prices ranging from $375,000 to $2,150,000. These homes were built between 1952 and 2018 with square feet from 1,481 to 3,238.
Breakdown of Real Estate in Rhinebeck NY – September 2022
| Active | 6 |
| Avg. List | $1,288,917 |
| Avg. DOM | 15 |
| Avg. Sq. Ft. | 3,203 |
| Avg $/Sq. Ft. | $443 |
| New | 1 |
| Avg. List | $1,350,000 |
| Avg. DOM | 1 |
| Avg. Sq. Ft. | 2,765 |
| Avg $/Sq. Ft. | $488 |
| Offer | 3 |
| Avg. List | $519,333 |
| Avg. DOM | 53 |
| Avg. Sq. Ft. | 1872 |
| Avg $/Sq. Ft. | $277 |
| Offer Cs | 3 |
| Avg. List | $1,301,333 |
| Avg. DOM | 26 |
| Avg. Sq. Ft. | 2,548 |
| Avg $/Sq. Ft. | $511 |
Sales Activities In September 2022
| Sold | 5 |
| Average List | $ 955,800 |
| DOM | 51 |
| Avg. Sq. Ft | 3,150 |
| Avg.$/ Sq. Ft | $303 |
| Avg. Sold | $942,980 |
| Avg. $/Sq. Ft | $299 |
Location of Rhinebeck home sales in September 2022
| Location | Price |
| Sepasco Beach Dr | $ 385,000 |
| Cove Rd | $ 585,000 |
| Buttonwood Ln | $ 995,000 |
| Ackert Hook | $ 999,900 |
| Cedar Heights | $1,750,000 |
Market update for the Village of Rhinebeck NY home sales in September 2022
During September 2022 in the Village of Rhinebeck NY two homes sold, and the sale price to list price came in at 111 percent.
Three homes from were added to the inventory ranging in price from $745,000 to $2,350,000, built between 1870 and 2003 with square feet between 2,300 and 3,380.
Comparison of September 2022/2021 Home Sales in Rhinebeck Village
| Comparison | 2021 | 2022 |
| Average List | $430,000 | $659,000 |
| Average Sold | $430,000 | $732,500 |
| Median List | – | – |
| Median Sold | – | – |
| Sales | 2 | 2 |
| DOM | 242 | 28 |
Breakdown of Real Estate in Rhinebeck Village – September 2022
| Active | 2 |
| Avg. List | $1,122,000 |
| Avg. DOM | 10 |
| Avg. Sq. Ft. | 2,558 |
| Avg $/Sq. Ft | $439 |
| New | 1 |
| Avg. List | $ 2,350,000 |
| Avg. DOM | 2 |
| Avg. Sq. Ft. | 3,380 |
| Avg $/Sq. Ft. | $695 |
Sales Activities In September 2022
| Sold | 2 |
| Average List | $ 659,000 |
| DOM | 28 |
| Avg. Sq. Ft | 1,556 |
| Avg.$/ Sq. Ft | $424 |
| Avg. Sold | $732,500 |
| Avg. $/Sq. Ft | $471 |
Location of the Village of Rhinebeck home sale in September 2022
| Location | Price |
| Cramer Rd | $615,000 |
| W Chestnut | $850,000 |
Recent real estate observations
hirty-year mortgage rates at the time of writing this report were up over seven percent compared to less than half that earlier in the year, This has resulted in some potential home buyers being priced out of the housing market. Those who can still make a purchase are doing so at a much higher cost.
More sellers are making reductions in their list price to get a faster sale.
It is a better strategy to price a home a bit lower to attract more interest. Doing this could lead to more offers and a higher price. Pricing higher could make it necessary to reduce the price one or more times before getting an accepted offer.
Finding affordable housing or rental is still a challenge.
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