Is Red Hook, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Red Hook has remained a Buyer's Market.
Housing Prices in Red Hook, NY
How much do homes in Red Hook, NY cost?
Median Sold Price
$545,625
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Red Hook was $545,625 in May 2024, up 16.1% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $235K | $255K | +8.5% |
2 Bedrooms | $370K | $301K | -18.6% |
3 Bedrooms | $450K | $510K | +13.3% |
4 Bedrooms | $578.5K | $637K | +10.1% |
5+ Bedrooms | $680K | $500K | -26.5% |
Summary: Red Hook housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes decreased by 18.6%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes decreased by 26.5%.
Housing Supply in Red Hook, NY
How many homes are available in Red Hook, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
48 | 55 | +14.6% |
Summary: The Red Hook real estate market had 55 homes for sale in May 2024, a 14.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 23 | 24 | +4.3% |
4 Bedrooms | 13 | 13 | 0.0% |
5+ Bedrooms | 8 | 13 | +62.5% |
Summary: The Red Hook housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 4.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 62.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Red Hook in May 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Red Hook, NY
How long does it take to sell a home in Red Hook, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
43 Days | 77 Days | +77.4% |
Summary: Homes in Red Hook had an average of 77 days on market in May 2024, up by 77.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Red Hook; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.