Is Dutchess County, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dutchess County is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Dutchess County has remained a Seller's Market.

Key Takeaway

Dutchess County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Dutchess County, NY

How much do homes in Dutchess County, NY cost?

Median Sold Price

$440,025

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$31,613(+7.7%)

Key Takeaway

Homes in Dutchess County have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in Dutchess County was $440,025 in November 2024, up 7.7% from last year, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $200K$200K
0.0%
2 $300K$329.9K
+10.0%
3 $404.8K$440K
+8.7%
4 $510K$552.2K
+8.3%
5+ $499.9K$569K
+13.8%

Summary: Dutchess County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 13.8%.

Median Sold Price Compared To Nearby Counties

Putnam County
+11.5%
Ulster County
+10.4%
Litchfield County
+10.3%
Dutchess County
+7.7%
Columbia County
-2.5%

Housing Supply in Dutchess County, NY

How many homes are available in Dutchess County, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1,2241,007-17.7%

Summary: The Dutchess County real estate market had 1,007 homes for sale in November 2024, a 17.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 4330
-30.2%
2 190165
-13.2%
3 541425
-21.4%
4 338283
-16.3%
5+ 112104
-7.1%

Summary: The Dutchess County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 30.2%, 2 bedroom homes decreased by 13.2%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes decreased by 16.3%, and 5+ bedroom homes decreased by 7.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
242175-27.7%

Asking Price vs. Sold Price

73 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

77 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dutchess County, you could pay more than the asking price. 44% of homes here sold above asking price last month.

Summary: A total of 175 homes were sold or pending in Dutchess County in November 2024, down by 27.7% month-over-month. Of the 175 sold homes, 42% were sold under asking, 14% were sold at asking, and 44% 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

Nov 2023Nov 2024CHANGE
76 Days46 Days-38.8%

Summary: Homes in Dutchess County had an average of 46 days on market in Nov 2024, down by 38.8% compared to last year.

Breakdown of Home Sale Times

76 Homes Were Sold
Under 30 Days

75 Homes Were Sold
In 30 - 90 Days

23 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Dutchess County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 175 homes were sold in Dutchess County; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Dutchess County, NY

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