Is Kerhonkson, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kerhonkson is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Kerhonkson was a Seller's Market.

Key Takeaway

Kerhonkson is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Kerhonkson, NY

How much do homes in Kerhonkson, NY cost?

Median Sold Price

$372,500

$295/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$52,500(+16.4%)

Key Takeaway

Homes in Kerhonkson have sold for 16.4% more than they did a year ago.

Summary: The median home sold price in Kerhonkson was $372,500 in November 2024, up 16.4% from last year, and the median price per square foot was $295.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $265K$349.9K
+32.1%
3 $315K$387.9K
+23.1%
4 $975K$340K
-65.1%
5+ $160K-
N/A

Summary: Kerhonkson 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 32.1%, 3 bedroom homes increased by 23.1%, 4 bedroom homes decreased by 65.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Wawarsing
+17.7%
Kerhonkson
+16.4%
Napanoch
+12.8%
Rochester
+6.3%
Accord
-47.3%

Housing Supply in Kerhonkson, NY

How many homes are available in Kerhonkson, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2519-24.0%

Summary: The Kerhonkson real estate market had 19 homes for sale in November 2024, a 24.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 1611
-31.3%
4 11
0.0%
5+ 11
0.0%

Summary: The Kerhonkson housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 31.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kerhonkson, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Kerhonkson in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Kerhonkson, NY

How long does it take to sell a home in Kerhonkson, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
49 Days127 Days+159.2%

Summary: Homes in Kerhonkson had an average of 127 days on market in Nov 2024, up by 159.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Kerhonkson are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in Kerhonkson; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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

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