Dutchess County Real Estate Market Update – May 2025

As we approach the midpoint of 2025, the Dutchess County real estate market continues to exhibit signs of resilience and adaptability. May's data reflects a market that's finding its equilibrium, with nuanced shifts offering insights for both buyers and sellers.

📊 Market Snapshot

• New Listings: 408 properties entered the market in May, a slight uptick of 1.24% compared to May 2024.

• Closed Sales: 190 homes were sold, marking a 6.86% decrease year-over-year.

• Median Sold Price: $450,000, representing a 2.27% increase from the previous year.

• Average Sold Price: $526,705, down 11.44% compared to May 2024.

• Median Days on Market: 33 days, a marginal increase from 32 days last year.

• List-to-Sale Price Ratio: 99.5%, indicating homes are selling close to their listing prices.

🏡 Inventory and Pricing Trends

The market saw a total of 1,158 homes for sale in May, a 6.7% increase from April 2025. Notably, the inventory of 3-bedroom homes rose by 11.9%, while 5-bedroom homes saw a 13.6% increase. This growth in inventory provides more options for prospective buyers and indicates a shift towards a more balanced market.

The significant increase in prices for larger homes, especially 5-bedroom properties, suggests a growing demand for spacious residences in the county.

⏱️ Days on Market

Homes are selling relatively quickly, with 47% of properties sold within 30 days. An additional 35% sold between 30 to 90 days, and 18% took over 90 days to sell. This indicates a healthy market pace, with nearly half of the homes moving swiftly.

🔍 Buyer and Seller Takeaways

• For Buyers: The increase in inventory, especially among larger homes, provides more choices. However, with prices for spacious homes on the rise, acting promptly is advisable.

• For Sellers: Homes are selling close to their listing prices, and the demand for larger homes is evident. Properly priced homes, especially those with more bedrooms, are likely to attract serious buyers quickly.

For a more detailed breakdown and visual representations of these trends, please refer to the full report: Dutchess County Market Report – May 2025.

If you're considering buying or selling in Dutchess County, feel free to reach out. I'm here to provide personalized insights and guidance to help you navigate the market effectively.