$9,203 Closing Credit*
$775,000
2 Beds
•2 Full Baths
Listing Office: LeGrand Real Estate, Inc.
Is Rhinebeck, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Rhinebeck was a Seller's Market.
Key Takeaway
Rhinebeck is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Rhinebeck, NY
How much do homes in Rhinebeck, NY cost?
Median Sold Price
$625,000
$358/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,625(+1.1%)
Key Takeaway
Homes in Rhinebeck have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Rhinebeck was $625,000 in November 2024, up 1.1% from last year, and the median price per square foot was $358.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $437.5K | $485K | +10.9% |
| 2 Bedrooms | $565K | $575K | +1.8% |
| 3 Bedrooms | $692.5K | $725K | +4.7% |
| 4 Bedrooms | $755K | $612.5K | -18.9% |
| 5+ Bedrooms | $1.1M | $1.6M | +48.9% |
Summary: Rhinebeck housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 18.9%, and 5+ bedroom homes increased by 48.9%.
Housing Supply in Rhinebeck, NY
How many homes are available in Rhinebeck, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 44 | -8.3% |
Summary: The Rhinebeck real estate market had 44 homes for sale in November 2024, a 8.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 21 | 20 | -4.8% |
| 4 Bedrooms | 17 | 14 | -17.6% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Rhinebeck 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 increased by 14.3%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rhinebeck, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Rhinebeck in November 2024, down by 22.2% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for Rhinebeck, NY
How long does it take to sell a home in Rhinebeck, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 142 Days | 75 Days | -47.0% |
Summary: Homes in Rhinebeck had an average of 75 days on market in Nov 2024, down by 47% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Rhinebeck has remained consistent over time.
Summary: During November 2024, 7 homes were sold in Rhinebeck; 14% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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Copyright © 2024 Hudson Valley Catskill Region MLS. All rights reserved. Real estate listings of brokerage firms other than Hudson Valley Catskill Region MLS are marked with the IDX logo and the detailed information about them includes the listing broker's name. This information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.