Is Dutchess County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Dutchess County was a Seller's Market.
Key Takeaway
Dutchess County 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 Dutchess County, NY
How much do homes in Dutchess County, NY cost?
Median Sold Price
$429,919
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Dutchess County have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Dutchess County was $429,919 in June 2024, up 7.6% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159.9K | $220K | +37.5% |
| 2 Bedrooms | $300.7K | $331.2K | +10.2% |
| 3 Bedrooms | $395K | $425.2K | +7.6% |
| 4 Bedrooms | $500.5K | $518K | +3.5% |
| 5+ Bedrooms | $522.7K | $547.5K | +4.7% |
Summary: Dutchess County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Counties
| Litchfield County | $309.4K | $348.3K | +12.6% |
| Columbia County | $431.5K | $475.4K | +10.2% |
| Ulster County | $376K | $409.6K | +9.0% |
| Dutchess County | $399.3K | $429.9K | +7.6% |
| Putnam County | $450K | $481.4K | +7.0% |
Housing Supply in Dutchess County, NY
How many homes are available in Dutchess County, NY?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1,286 | 1,402 | +9.0% |
Summary: The Dutchess County real estate market had 1,402 homes for sale in June 2024, a 9.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 40 | 40 | 0.0% |
| 2 Bedrooms | 191 | 206 | +7.9% |
| 3 Bedrooms | 539 | 598 | +10.9% |
| 4 Bedrooms | 376 | 409 | +8.8% |
| 5+ Bedrooms | 140 | 149 | +6.4% |
Summary: The Dutchess County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 6.4%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 185 | 230 | +24.3% |
Asking Price vs. Sold Price
73 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
125 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dutchess County, you could pay more than the asking price. 54.3% of homes here sold above asking price last month.
Summary: A total of 230 homes were sold or pending in Dutchess County in June 2024, up by 24.3% month-over-month. Of the 230 sold homes, 32% were sold under asking, 14% were sold at asking, and 54% were sold over asking.
Days on Market for Dutchess County, NY
How long does it take to sell a home in Dutchess County, NY?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 90 Days | 49 Days | -45.8% |
Summary: Homes in Dutchess County had an average of 49 days on market in Jun 2024, down by 45.8% compared to last year.
Breakdown of Home Sale Times
122 Homes Were Sold
Under 30 Days
71 Homes Were Sold
In 30 - 90 Days
34 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dutchess County are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 230 homes were sold in Dutchess County; 53% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally