Is Poughkeepsie, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Poughkeepsie was a Seller's Market.
Housing Prices in Poughkeepsie, NY
How much do homes in Poughkeepsie, NY cost?
Median Sold Price
$369,940
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Poughkeepsie was $369,940 in May 2024, up 5.7% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $137K | $140K | +2.2% |
2 Bedrooms | $260K | $288K | +10.8% |
3 Bedrooms | $351.5K | $365K | +3.8% |
4 Bedrooms | $419.9K | $450K | +7.2% |
5+ Bedrooms | $425K | $420K | -1.2% |
Summary: Poughkeepsie housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Cities
Highland | $350.5K | $376K | +7.3% |
Poughkeepsie | $350K | $369.9K | +5.7% |
Housing Supply in Poughkeepsie, NY
How many homes are available in Poughkeepsie, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
315 | 341 | +8.3% |
Summary: The Poughkeepsie real estate market had 341 homes for sale in May 2024, a 8.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 17 | -10.5% |
2 Bedrooms | 44 | 52 | +18.2% |
3 Bedrooms | 124 | 130 | +4.8% |
4 Bedrooms | 94 | 102 | +8.5% |
5+ Bedrooms | 34 | 40 | +17.6% |
Summary: The Poughkeepsie housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10.5%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
58 | 46 | -20.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in Poughkeepsie in May 2024, down by 20.7% month-over-month. Of the 46 sold homes, 35% were sold under asking, 15% were sold at asking, and 50% were sold over asking.
Days on Market for Poughkeepsie, NY
How long does it take to sell a home in Poughkeepsie, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
70 Days | 48 Days | -32.3% |
Summary: Homes in Poughkeepsie had an average of 48 days on market in May 2024, down by 32.3% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 46 homes were sold in Poughkeepsie; 54% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.