Market update for Rhinebeck NY home sales in September 2023
Rhinebeck NY home sales in September 2023 update, showed six single-family homes sold, one more than in September 2022. The sale price to the list price was 101 percent, with two homes selling above the list price.
The homes sold ranged in price from $375,000 to $1,550,000, built between 1880 and 2003 with square feet from 1,060 to 3.510
Average and median sale prices for Rhinebeck NY home sales in September 2023
The average sale price came in at $820,000 which was less than the $942,980 recorded for the same time last year.
A median sale price of $612,500 was recorded this September compared to $995,000 last September.
These homes were on the market for an average of 87 days compared to 51 days in September 2022.
Comparison of September 2022/2023 Home Sales
Other market activities during September 2023
Three homes were added to the town’s inventory, priced from $1,950,000 to $3,875,000, built between 1890 and 2009 with square feet from 3,600 to 4,687.
Four homes received offers, priced from $595,000 to $1,596,000. The homes were built between 1978 and 1993, with square feet from 1,920 to 4,115
Three homes went under contract, priced from $429,000 to $850,000, built between 1939 and 2002 with square feet from 1,400 to 3,463
Breakdown of Rhinebeck home sales in September 2023 and other activities.
|Avg. Sq. Ft.||3,881|
|Avg $/Sq. Ft||$593|
|Avg. Sq. Ft.||4,687|
|Avg $/Sq. Ft||$827|
|Avg. Sq. Ft.||2.965|
|Avg $/Sq. Ft||$421|
|Avg. Sq. Ft.||2,432|
|Avg $/Sq. Ft||$247|
|Avg. Sq. Ft.||2,396|
|Avg $/Sq. Ft||$238|
|Average $/Sq Ft||$381|
|Average $/Sq Ft||384|
|White Schoolhouse Rd||$420,000|
|White Schoolhouse Rd||$475,000|
|Stone Church Rd||$750,000|
Village of Rhinebeck NY home sales in September 2023
One home from 1875 with square feet of 4,678 and priced at $1,773,000 sold in the Village of Rhinebeck. The sale price to the list price came in at 99 percent. Compared to the same time last year, there were two sales with an average sale price of $732,500,
Comparison of Rhinebeck NY home sales in September 2023 and 2022
Other Real Estate Activities during September 2023
A home from 1959 with square feet of 2,640 and priced at $729,000 was added to the inventory.
|Avg. Sq. Ft.||2640|
|Avg $/Sq. Ft||$276|
|Average $/Sq Ft||$384|
|Average $/Sq Ft||$379|
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.
4. New home construction sales are doing well since the resale inventory is lower
Need more information on Rhinebeck real estate? contact Jennifer Fivelsdal
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