Red Hook currently leans toward sellers, with the market gauge showing a seller’s market. Months of supply sits at about 3.2 months in this rolling three-month view, suggesting inventory is limited but not extremely tight. With only 6 active listings and 2 homes sold, conditions are shaped by relatively low activity on both the supply and demand sides.
Pricing trends indicate some softening compared with a year ago. The typical home value over the latest rolling period is about $429,516, down roughly 11% year over year, even as the median list price has risen nearly 10% over the same span. That gap between what sellers are asking and where values are landing is reflected in an average sale-to-list ratio under 96%, and no homes in this period selling above list price.
Activity and pace have also shifted compared with prior years. Homes are taking much longer to sell, with median days on market up sharply to 123 days in the latest three-month window, far slower than the roughly 74 days seen in mid-2024. New listings have fallen dramatically year over year, and pending sales are also down, showing cooler buyer engagement. With these mixed signals for pricing and timing, both buyers and sellers in Red Hook can benefit from Agent Pronto’s help in finding an agent who understands today’s conditions.
