Is Dutchess County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Dutchess County was a Seller's Market.
Key Takeaway
Dutchess County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Dutchess County, NY
How much do homes in Dutchess County, NY cost?
Median Sold Price
$425,391
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Dutchess County have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Dutchess County was $425,391 in May 2024, up 7.5% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $156.5K | $215K | +37.4% |
| 2 Bedrooms | $300K | $328K | +9.3% |
| 3 Bedrooms | $390.9K | $421.5K | +7.8% |
| 4 Bedrooms | $498.8K | $512.7K | +2.8% |
| 5+ Bedrooms | $508.7K | $526K | +3.4% |
Summary: Dutchess County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.4%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Counties
| Litchfield County | $300.6K | $340.5K | +13.3% |
| Ulster County | $374.8K | $411.2K | +9.7% |
| Dutchess County | $395.8K | $425.3K | +7.5% |
| Putnam County | $450K | $477.4K | +6.1% |
| Columbia County | $448.6K | $472K | +5.2% |
Housing Supply in Dutchess County, NY
How many homes are available in Dutchess County, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,133 | 1,314 | +16.0% |
Summary: The Dutchess County real estate market had 1,314 homes for sale in May 2024, a 16.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 39 | 43 | +10.3% |
| 2 Bedrooms | 165 | 195 | +18.2% |
| 3 Bedrooms | 484 | 537 | +11.0% |
| 4 Bedrooms | 318 | 391 | +23.0% |
| 5+ Bedrooms | 127 | 148 | +16.5% |
Summary: The Dutchess County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.3%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 23%, and 5+ bedroom homes increased by 16.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 165 | 178 | +7.9% |
Asking Price vs. Sold Price
82 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
71 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dutchess County, you may be able to get a good deal. 46.1% of homes here sold below asking price last month.
Summary: A total of 178 homes were sold or pending in Dutchess County in May 2024, up by 7.9% month-over-month. Of the 178 sold homes, 46% were sold under asking, 14% were sold at asking, and 40% were sold over asking.
Days on Market for Dutchess County, NY
How long does it take to sell a home in Dutchess County, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 77 Days | 59 Days | -23.3% |
Summary: Homes in Dutchess County had an average of 59 days on market in May 2024, down by 23.3% compared to last year.
Breakdown of Home Sale Times
90 Homes Were Sold
Under 30 Days
51 Homes Were Sold
In 30 - 90 Days
36 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dutchess County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 178 homes were sold in Dutchess County; 51% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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