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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rhinebeck is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Rhinebeck was a Seller's Market.

Key Takeaway

Rhinebeck is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Rhinebeck, NY

How much do homes in Rhinebeck, NY cost?

Median Sold Price

$590,000

$352/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$35,000(-5.6%)

Key Takeaway

Homes in Rhinebeck have sold for 5.6% less than they did a year ago.

Summary: The median home sold price in Rhinebeck was $590,000 in September 2024, down 5.6% from last year, and the median price per square foot was $352.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $450K$425K
-5.6%
2 $590K$527.5K
-10.6%
3 $690K$625K
-9.4%
4 $673.5K$775K
+15.1%
5+ $1.5M$1.1M
-29.0%

Summary: Rhinebeck housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes decreased by 10.6%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes decreased by 29%.

Housing Supply in Rhinebeck, NY

How many homes are available in Rhinebeck, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
5659+5.4%

Summary: The Rhinebeck real estate market had 59 homes for sale in September 2024, a 5.4% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 01
+100.0%
2 57
+40.0%
3 3231
-3.1%
4 1718
+5.9%
5+ 22
0.0%

Summary: The Rhinebeck housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
79+28.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rhinebeck, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Rhinebeck in September 2024, up by 28.6% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% 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

Sep 2023Sep 2024CHANGE
81 Days41 Days-49.5%

Summary: Homes in Rhinebeck had an average of 41 days on market in Sep 2024, down by 49.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 9 homes were sold in Rhinebeck; 44% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 0% 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 12 Days Ago

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