$10,000 Closing Credit*
$960,000
1,350 SqFt
Studio
•1 Bath
#RPLU-33423124226, Gayane Nersesyan, Listing Office: Corcoran Group
Is Red Hook, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Red Hook has remained a Buyer's Market.
Key Takeaway
Red Hook is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Red Hook, NY
How much do homes in Red Hook, NY cost?
Median Sold Price
$1,295,000
$810/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$485,000(-27.2%)
Key Takeaway
Homes in Red Hook have sold for 27.2% less than they did a month ago.
Summary: The median home sold price in Red Hook was $1,295,000 in October 2024, down 27.2% from last month, and the median price per square foot was $810.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $1.0M | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $1.6M | $1.5M | -0.6% |
| 4 Bedrooms | $1.9M | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Red Hook housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 0.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Red Hook | $1.7M | $1.2M | -27.2% |
| Columbia Street Waterfront District | $1.6M | $1.1M | -34.8% |
Housing Supply in Red Hook, NY
How many homes are available in Red Hook, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Summary: The Red Hook real estate market had 27 homes for sale in October 2024, a 8.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Red Hook housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Red Hook, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Red Hook in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Red Hook, NY
We’re sorry, we don't have information for this market at the moment
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