Is Rhinebeck, 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, Rhinebeck has remained a Seller's Market.
Housing Prices in Rhinebeck, NY
How much do homes in Rhinebeck, NY cost?
Median Sold Price
$610,875
$346/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Rhinebeck was $610,875 in March 2024, down 1.1% from last year, and the median price per square foot was $346.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $391.5K | $485K | +23.9% |
2 Bedrooms | $546.5K | $580K | +6.1% |
3 Bedrooms | $700K | $625K | -10.7% |
4 Bedrooms | $906.5K | $724.2K | -20.1% |
5+ Bedrooms | $2.9M | $1.1M | -63.3% |
Summary: Rhinebeck housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.9%, 2 bedroom homes increased by 6.1%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes decreased by 20.1%, and 5+ bedroom homes decreased by 63.3%.
Housing Supply in Rhinebeck, NY
How many homes are available in Rhinebeck, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 | 42 | +7.7% |
Summary: The Rhinebeck real estate market had 42 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 19 | 21 | +10.5% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Rhinebeck housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Rhinebeck in March 2024, up by 14.3% month-over-month. Of the 8 sold homes, 88% were sold under asking, 0% were sold at asking, and 13% were sold over asking.
Days on Market for Rhinebeck, NY
How long does it take to sell a home in Rhinebeck, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
129 Days | 104 Days | -19.0% |
Summary: Homes in Rhinebeck had an average of 104 days on market in Mar 2024, down by 19% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Rhinebeck; 13% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 63% of homes were sold over 90 days.