Is Poughkeepsie, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Poughkeepsie has remained a Seller's Market.
Housing Prices in Poughkeepsie, NY
How much do homes in Poughkeepsie, NY cost?
Median Sold Price
$364,400
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Poughkeepsie was $364,400 in March 2024, up 4.3% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $137K | $140K | +2.2% |
2 Bedrooms | $260K | $288.2K | +10.9% |
3 Bedrooms | $351.5K | $359.9K | +2.4% |
4 Bedrooms | $418.7K | $439.9K | +5.1% |
5+ Bedrooms | $455K | $415K | -8.8% |
Summary: Poughkeepsie housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 8.8%.
Median Sold Price Compared To Nearby Cities
Highland | $351K | $381.5K | +8.7% |
Poughkeepsie | $349.4K | $364.4K | +4.3% |
Housing Supply in Poughkeepsie, NY
How many homes are available in Poughkeepsie, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
271 | 288 | +6.3% |
Summary: The Poughkeepsie real estate market had 288 homes for sale in March 2024, a 6.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 17 | 20 | +17.6% |
2 Bedrooms | 38 | 47 | +23.7% |
3 Bedrooms | 117 | 114 | -2.6% |
4 Bedrooms | 73 | 74 | +1.4% |
5+ Bedrooms | 26 | 33 | +26.9% |
Summary: The Poughkeepsie housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 23.7%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 26.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 55 | +12.2% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 55 homes were sold or pending in Poughkeepsie in March 2024, up by 12.2% month-over-month. Of the 55 sold homes, 47% were sold under asking, 15% were sold at asking, and 38% were sold over asking.
Days on Market for Poughkeepsie, NY
How long does it take to sell a home in Poughkeepsie, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
82 Days | 66 Days | -18.5% |
Summary: Homes in Poughkeepsie had an average of 66 days on market in Mar 2024, down by 18.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 55 homes were sold in Poughkeepsie; 33% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.