Is Poughkeepsie, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Poughkeepsie is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Poughkeepsie has remained a Seller's Market.

Key Takeaway

Poughkeepsie is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Poughkeepsie, NY

How much do homes in Poughkeepsie, NY cost?

Median Sold Price

$377,556

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$27,556(+7.9%)

Key Takeaway

Homes in Poughkeepsie have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in Poughkeepsie was $377,556 in September 2024, up 7.9% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $142K$141.5K
-0.4%
2 $270K$285K
+5.6%
3 $350K$375.5K
+7.3%
4 $417.5K$455K
+9.0%
5+ $439K$435K
-0.9%

Summary: Poughkeepsie housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 9%, and 5+ bedroom homes decreased by 0.9%.

Median Sold Price Compared To Nearby Cities

Highland
+11.8%
Poughkeepsie
+7.9%

Housing Supply in Poughkeepsie, NY

How many homes are available in Poughkeepsie, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
344342-0.6%

Summary: The Poughkeepsie real estate market had 342 homes for sale in September 2024, a 0.6% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 1211
-8.3%
2 5045
-10.0%
3 145145
0.0%
4 9795
-2.1%
5+ 4046
+15.0%

Summary: The Poughkeepsie housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes decreased by 10%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 15%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
6864-5.9%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Poughkeepsie, you may be able to get a good deal. 45.3% of homes here sold below asking price last month.

Summary: A total of 64 homes were sold or pending in Poughkeepsie in September 2024, down by 5.9% month-over-month. Of the 64 sold homes, 45% were sold under asking, 16% were sold at asking, and 39% 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

Sep 2023Sep 2024CHANGE
60 Days47 Days-21.5%

Summary: Homes in Poughkeepsie had an average of 47 days on market in Sep 2024, down by 21.5% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

30 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Poughkeepsie has remained consistent over time.

Summary: During September 2024, 64 homes were sold in Poughkeepsie; 38% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 16% 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 5 Days Ago

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