Is Red Hook, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Red Hook is a buyer's market

Buyer's
Market

Difference Since October 2021

At the same time last year, Red Hook was a Neutral Market.

Key Takeaway

Red Hook is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Red Hook, NY cost?

Median Sold Price

$415,500

$287/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$49,300(+13.5%)

Key Takeaway

Homes in Red Hook have sold for 13.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $700K-
N/A
2 $303.5K$375K
+23.6%
3 $351.2K$416K
+18.4%
4 $282.5K$540K
+91.2%
5+ $617K-
N/A

How many homes are available in Red Hook, NY?

Number of Homes For Sale

Sep 2022Oct 2022%
1012+20.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 32
-33.3%
3 36
+100.0%
4 11
0.0%
5+ 33
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Red Hook, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
118 Days92 Days-22.0%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Red Hook are taking a long time to sell, it's a good idea to negotiate on homes here.

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

About Red Hook, NY

Red Hook, NY has 12 homes for sale to choose from. The number of homes for sale in Red Hook, NY increased by 20% between September 2022 and October 2022. The median list price of listings available in October 2022 was $415,500, while the average time on the real estate market was 92 days. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 23.6%, the cost of 3 bedrooms properties went up by 18.4%, the cost of 4 bedrooms properties went up by 91.2%, the cost of 5 bedrooms properties went up by 0%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes went down by 33.3%, volume of 3 bedrooms homes went up by 100%, the quantity of 4 bedrooms homes have not changed, 5 bedrooms homes did not move. In October 2022 more than 1 listings in Red Hook, NY were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 0 were sold below.