Is Rhinebeck, 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, Rhinebeck has remained a Buyer's Market.
Housing Prices in Rhinebeck, NY
How much do homes in Rhinebeck, NY cost?
Median Sold Price
$613,000
$353/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rhinebeck was $613,000 in May 2024, down 5.7% from last year, and the median price per square foot was $353.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $400K | $485K | +21.3% |
2 Bedrooms | $556.8K | $580K | +4.2% |
3 Bedrooms | $712.8K | $643K | -9.8% |
4 Bedrooms | $736K | $775K | +5.3% |
5+ Bedrooms | $585K | $1.1M | +88.0% |
Summary: Rhinebeck housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.3%, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 88%.
Housing Supply in Rhinebeck, NY
How many homes are available in Rhinebeck, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 51 | +50.0% |
Summary: The Rhinebeck real estate market had 51 homes for sale in May 2024, a 50.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 15 | 24 | +60.0% |
4 Bedrooms | 11 | 14 | +27.3% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Rhinebeck housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 7 | +250.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Rhinebeck in May 2024, up by 250.0% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
91 Days | 51 Days | -43.6% |
Summary: Homes in Rhinebeck had an average of 51 days on market in May 2024, down by 43.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Rhinebeck; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.