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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Poughkeepsie is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Poughkeepsie, NY

How much do homes in Poughkeepsie, NY cost?

Median Sold Price

$380,714

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$21,755(+6.1%)

Key Takeaway

Homes in Poughkeepsie have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in Poughkeepsie was $380,714 in December 2024, up 6.1% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $138.5K$155K
+11.9%
2 $275K$287.5K
+4.5%
3 $350K$380K
+8.6%
4 $437.2K$460K
+5.2%
5+ $425K$445K
+4.7%

Summary: Poughkeepsie housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.9%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 4.7%.

Median Sold Price Compared To Nearby Cities

Highland
+6.8%
Poughkeepsie
+6.1%

Housing Supply in Poughkeepsie, NY

How many homes are available in Poughkeepsie, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
286248-13.3%

Summary: The Poughkeepsie real estate market had 248 homes for sale in December 2024, a 13.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 1310
-23.1%
2 4235
-16.7%
3 118107
-9.3%
4 8270
-14.6%
5+ 3126
-16.1%

Summary: The Poughkeepsie housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 23.1%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes decreased by 14.6%, and 5+ bedroom homes decreased by 16.1%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
4959+20.4%

Asking Price vs. Sold Price

34 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Poughkeepsie, you may be able to get a good deal. 57.6% of homes here sold below asking price last month.

Summary: A total of 59 homes were sold or pending in Poughkeepsie in December 2024, up by 20.4% month-over-month. Of the 59 sold homes, 58% were sold under asking, 15% were sold at asking, and 27% were sold over asking.

Days on Market for Poughkeepsie, NY

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

Average Sale Time

Dec 2023Dec 2024CHANGE
53 Days68 Days+27.8%

Summary: Homes in Poughkeepsie had an average of 68 days on market in Dec 2024, up by 27.8% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

32 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Poughkeepsie has remained consistent over time.

Summary: During December 2024, 59 homes were sold in Poughkeepsie; 19% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 25% 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 4 Days Ago

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