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Dutchess County home sales in February 2021

Dutchess County NY home sales in February 2021 market update showed 177  single-family detached homes sold, compared to 135 the same time last year this was an increase of 31.1 percent. 

Homes sold ranged in price from $119,000 to $ 2,920,000, built between 1712 and  2021 with square feet from 722 to 10,700.

The average sales price was  $468,132  was an increase of 43.6 percent over the $326,089 recorded for February 2020.

At $375,000 the median sale price was up 19 percent when compared to $315,000 in February 2020. 

Days on market at 84 days was a decrease of 22.9 percent when compared to 109 days for the same time last year.

Inventory at 688 was down 21 percent from February 2020 when it was 871.  

The absorption rate fell to 3.89 months down from 6.45 months in February 2020.

Comparison Dutchess County NY real estate in Feb. (Detached homes)

Data considered	Feb. 20	Jan.  21	Feb.21
Avg. Price	$ 326,089	$ 471,821	$ 468,132
Median Price	$ 315,000	$ 361,250	$375,000
# of Sales	135	240	177
Days on Market	109	75	84
Inventory	871	621	688
Absorption rate	6.45	2.59	3.89
Purchase offer	123	250	249

Dutchess County NY single-family attached homes

Dutchess County NY home sales in February 2021 for attached homes came in at 36, a 24.1 percent increase over the same time last year when 29 units sold. 

The units sold this year ranged in price from $40,000 to $750,000, built between 1872 and 2020 with square feet from  800 from 2020.

The average sale price of $ 256,122 was a 13.9 percent increase over the $224,814  in February 2020.  

There was also an increase of 8.6 percent in the  median sale price,it came in at $227,000 compared to the $209,000 in February 2020.

Days on market  rose 18.3 percent to 84 days from the 71 days in February 2020.

Inventory at 146 increased by 29.2 percent when compared to 113 the same time last year.

Purchase offers this February at 48 was an increase of 108.7  percent when compared to 23 in February 2020.

 

The absorption rate at 4.05 months was up from the 3.89 months in February 2020

Comparison Dutchess County NY real estate in February (attached homes)

Data considered	Feb. 20	Jan.  21	Feb. 21
Avg. Price	$224,814	$ 321,203	$256,122
Median Price	$ 209,000	$ 258,500	$227,000
# of Sales	29	52	36
Days on Market	71	91	84
Inventory	113	260	146
Absorption rate	3.89	5.0	4.05
Purchase offer	23	57	48

 How is the market

• Demand is high while inventory is low.
• Home price is climbing.
• Mortgage rates are still low.
• Because of the rising price some hesitate to sell.  For example,  a homeowner thinking of moving up might find a move-up property too expensive. As a result,  some are concentrating on improving their present home.
• Others see the rising home price as a great opportunity to cash out, and this group will be putting their home up for sale.

Other market reports

Hyde Park

Red Hook

Rhinebeck

 

Data used to prepare this report was obtained from the Mid Hudson MLS. Information deemed reliable but not guaranteed.