Is Dutchess County, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dutchess County is a neutral's market

Buyer's
Market

Difference Since March 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

$425,000

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$27,999(+7.1%)

Key Takeaway

Homes in Dutchess County have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Dutchess County was $425,000 in March 2024, up 7.1% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $160K$204K
+27.5%
2 $295.1K$329.9K
+11.8%
3 $392.4K$415.2K
+5.8%
4 $497.3K$515.5K
+3.7%
5+ $540K$499.9K
-7.4%

Summary: Dutchess County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.5%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 7.4%.

Median Sold Price Compared To Nearby Counties

Columbia County
+16.0%
Litchfield County
+12.2%
Ulster County
+9.7%
Dutchess County
+7.1%
Putnam County
+5.9%

Housing Supply in Dutchess County, NY

How many homes are available in Dutchess County, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
9481,000+5.5%

Summary: The Dutchess County real estate market had 1,000 homes for sale in March 2024, a 5.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 4238
-9.5%
2 134146
+9.0%
3 441445
+0.9%
4 238262
+10.1%
5+ 93109
+17.2%

Summary: The Dutchess County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.5%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 17.2%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
170155-8.8%

Asking Price vs. Sold Price

76 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

56 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dutchess County, you may be able to get a good deal. 49% of homes here sold below asking price last month.

Summary: A total of 155 homes were sold or pending in Dutchess County in March 2024, down by 8.8% month-over-month. Of the 155 sold homes, 49% were sold under asking, 15% were sold at asking, and 36% 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

Mar 2023Mar 2024CHANGE
87 Days72 Days-17.1%

Summary: Homes in Dutchess County had an average of 72 days on market in Mar 2024, down by 17.1% compared to last year.

Breakdown of Home Sale Times

52 Homes Were Sold
Under 30 Days

62 Homes Were Sold
In 30 - 90 Days

40 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Dutchess County has remained consistent over time.

Summary: During March 2024, 155 homes were sold in Dutchess County; 34% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Dutchess County, NY

Nearby Markets to Dutchess County, NY

What housing markets are near Dutchess County, NY?