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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wappinger is a seller's market

Buyer's
Market

Difference Since January 2023

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

Key Takeaway

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

Housing Prices in Wappinger, NY

How much do homes in Wappinger, NY cost?

Median Sold Price

$414,500

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$34,500(+9.1%)

Key Takeaway

Homes in Wappinger have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in Wappinger was $414,500 in January 2024, up 9.1% from last year, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $140K$155K
+10.7%
2 $222K$225K
+1.4%
3 $389K$422K
+8.5%
4 $470K$485K
+3.2%
5+ $566K$496.2K
-12.3%

Summary: Wappinger housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 12.3%.

Median Sold Price Compared To Nearby Cities

Hopewell Junction
+12.8%
Wappingers Falls
+10.6%
Wappinger
+9.1%
East Fishkill
+8.2%
La Grange
+4.6%

Housing Supply in Wappinger, NY

How many homes are available in Wappinger, NY?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
8880-9.1%

Summary: The Wappinger real estate market had 80 homes for sale in January 2024, a 9.1% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 108
-20.0%
2 2120
-4.8%
3 4441
-6.8%
4 98
-11.1%
5+ 43
-25.0%

Summary: The Wappinger housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
1323+76.9%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wappinger, you could pay more than the asking price. 47.8% of homes here sold above asking price last month.

Summary: A total of 23 homes were sold or pending in Wappinger in January 2024, up by 76.9% month-over-month. Of the 23 sold homes, 35% were sold under asking, 17% were sold at asking, and 48% were sold over asking.

Days on Market for Wappinger, NY

How long does it take to sell a home in Wappinger, NY?

Average Sale Time

Jan 2023Jan 2024CHANGE
37 Days70 Days+88.5%

Summary: Homes in Wappinger had an average of 70 days on market in Jan 2024, up by 88.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During January 2024, 23 homes were sold in Wappinger; 17% of homes were sold within 30 days, 61% of homes were sold within 30 to 90 days, and 22% 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 25 Days Ago

Newest Listings in Wappinger, NY

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