Is Red Hook, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Red Hook was a Neutral Market.
Housing Prices in Red Hook, NY
How much do homes in Red Hook, NY cost?
Median Sold Price
$510,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Red Hook was $510,000 in March 2024, up 4.8% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $565K | $255K | -54.9% |
2 Bedrooms | $360K | $366K | +1.7% |
3 Bedrooms | $457.5K | $507.5K | +10.9% |
4 Bedrooms | $641.4K | $669K | +4.3% |
5+ Bedrooms | $822.5K | $450K | -45.3% |
Summary: Red Hook housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54.9%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 45.3%.
Housing Supply in Red Hook, NY
How many homes are available in Red Hook, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 40 | +8.1% |
Summary: The Red Hook real estate market had 40 homes for sale in March 2024, a 8.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 19 | 20 | +5.3% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Red Hook housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Red Hook in March 2024, down by 20.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Red Hook, NY
How long does it take to sell a home in Red Hook, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
80 Days | 75 Days | -5.3% |
Summary: Homes in Red Hook had an average of 75 days on market in Mar 2024, down by 5.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Red Hook; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.