Update for Dutchess County NY homes sales in November 2022
Analysis of Dutchess County NY homes Sales in November 2022
An update for Dutchess County NY home sales in November showed single-family detached homes fell 12.2 percent, in November 2022 going from 172 in November 2021 to 151 this November.
Homes sold during the month ranged in price from $,175,000 to $2,500,000, built between 1800-2022 with square feet from 640 to 5,958
There were 7 transactions over a million dollars, with prices ranging from $1,425,000 to $2,550,000
Average and Median Prices for Detached Homes in November 2022
The average sale price of $511,444 rose 6.4 percent when compared to $480,845 at the same time last year.
A median sale price this November of $418,000 was up 2.6 percent over the $407,500 in November 2021.
Inventory and Purchase Offers in November2022
Inventory was up 18.7 percent this November to 585, compared to the same time last year when it was 493.
Purchase offers decreased by 44.2 percent going from 233 in November 2021 to 130 this November. The absorption rate (the time it would take to work off the present inventory) was 3.87 months this November compared to 2.86 months last November.
Days on Market during November 2022
Homes sold were on the market an average of 72 days this November, up 4.3 percent from November 2021 when the days on market were 69 days.
Comparison Dutchess County Detached Home Sales for November 2022 to 2021
| DATA | November 2021 | October 2022 | November 2022 |
| Average Price | $480,845 | $493,709 | $511,444 |
| Median Price | $407,500 | $402,500 | $418,000 |
| # Of Sales | 172 | 176 | 151 |
| Days on Market | 69 | 58 | 72 |
| Inventory | 493 | 643 | 585 |
| Purchase offer | 233 | 143 | 130 |
| Absorption rate | 2.86 | 3.65 | 3.87 |
Sales of attached homes in November 2022
Dutchess County, NY home sales of attached homes in November 2022 (Coops, Condos, and townhouses) fell 40.7 percent when compared to November 2021. At that time there were 54 sales versus 32 this November.
The units sold ranged from $49,000 to $600,000. These were 1-to-4-bedroom units built between 1958 and 2013 with square feet from 835 to 3047
Median and Average Prices of Attached homes in November 2022
The attached home’s average sale price of $283,713 down 1.1 percent when compared to $287,004 recorded for the same time last year.
The median sale price of $267,000 was 15.6 percent higher than the $231,000 recorded for November 2021
Attached Homes Inventory and Purchase offers for November 2022
Inventory rose 13.2 percent to 86 this November when compared to 76 for the same time last year.
Purchase offers at 27 this November fell 44.9 percent when compared to 49 purchase offers for the same time last year.
The absorption rate at 1.19 months this November was lower than the 1.40 months in November 2021 ( The time it would take to work off the present inventory).
Attached Homes Days on Market in November 2022
Days on market at 64 fell 8.6 percent when compared to 70 days last November.
Comparison Dutchess County Attached Home Sales for November 2022 to 2021
| DATA | November 2021 | October 2022 | November 2022 |
| Average Price | $287,004 | $299,510 | $283,713 |
| Median Price | $231,000 | $295,000 | $267,000 |
| # Of Sales | 54 | 34 | 32 |
| Days on Market | 70 | 54 | 64 |
| Inventory | 76 | 94 | 86 |
| Purchase offer | 49 | 28 | 27 |
| Absorption rate | 1.40 | 2.76 | 1.19 |
Other market reports
Hyde Park NY market update in November
Red Hook NY November 2022 market Report
Rhinebeck NY November home sales
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