Dutchess County housing in 2024 'still a competitive market'

While the housing market is not as volatile as it was during the height of the COVID-19 pandemic, prospective buyers may still encounter hurdles when they start their search.

In Dutchess County, a majority of municipalities saw an increase in the median sales price of single-family homes when comparing the first two months of 2023 with the same in 2024, according to OneKey MLS.

Additionally, data for December shows potential buyers and sellers in Dutchess County saw houses sell for higher than the previous month's median sale price of $400,000.

The median home sold for $437,000, an analysis of data from Realtor.com shows. That means December, the most recent month for which figures are available, was up 9.3% from November.

Take a look at the Poughkeepsie Journal's database for real estate transactions for more information on the local housing market.

What does purchasing a home in Dutchess County right now look like?

Isabel Alves, the president of the Dutchess County Association of Realtors and an associate broker with RE/MAX Town and Country, said the median sales price for Dutchess County in January was $435,000, an increase of 11% from January 2023.

The average listing price in Dutchess County in January 2024 was $500,000, an increase of 11.4% from January 2023.

Alves said homes are on the market for on average only 65 days, a decrease of 26% from January 2023, and inventory of homes in Dutchess County rose by 1.4%.

It is a minimal increase, Alves noted, for the number of buyers looking for homes right now. "It is still a competitive market."

"Homes priced right will receive an offer within three to seven days of being on the market," she wrote. "Homes that have been on the market for longer than two weeks without an offer means that the price may be too high, its condition poor or the location is not desirable."

More: Homes in Dutchess County sold for higher prices recently: See how much here

Looking at the data for Dutchess County

If you're looking to purchase a single-family home in the county, the data listed below may help you choose which town is the best fit for you.

Below is the City of Poughkeepsie metrics for single-family homes, including new listings, closed sales, days on the market until sale, median sales price and percent of the original sales price received from January-February 2023 and January-February 2024.

City of Poughkeepsie Single-Family Homes Data
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In the data listed below, you'll find each municipality in Dutchess County with the new listings, closed sales, days on the market until sale and median sales price of single-family homes from January-February 2023 and January-February 2024.

Alves said the comparison from this time last year to now gives a good idea of what the market looks like.

Single-Family Homes Data by Municipalities
Infogram

Nickie Hayes:NHayes@poughkee.gannett.com: 845-863-3518

This article originally appeared on Poughkeepsie Journal: Buying a house in Dutchess County? What the market looks like in 2024