Pine Plains, NY 12567 Real Estate Market Report

ZIP Code: 12567
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Pine Plains is $453,000, reflecting a stable market despite recent fluctuations. The neighborhood has experienced an upward trend in prices year-over-year, indicating a strong demand for properties. However, the market is currently showing signs of slower sales velocity, with a median of 294 days on market. This extended duration suggests that buyers may be taking more time to make purchasing decisions, potentially due to elevated interest rate pressure and a neutral market temperature.

Inventory levels appear to be elevated, with excess supply relative to sales activity. This dynamic may create pricing friction, as sellers adjust expectations in response to the slower transaction volume. The median listing price stands at $494,000, which is higher than the median sold price, indicating a potential gap between seller expectations and buyer willingness to pay. Overall, while the market remains stable, the current conditions suggest a cautious approach for both buyers and sellers as they navigate this transitional phase.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. $453,000 is the median sold price, indicating a stable market despite recent fluctuations.

2. The market has seen a strong year-over-year price trend, suggesting ongoing demand for properties.

3. Median days on market is 294, reflecting slower sales velocity and potential buyer hesitance.

4. Elevated inventory levels indicate excess supply relative to sales activity, which may lead to pricing adjustments.

5. The median listing price of $494,000 exceeds the median sold price, highlighting a potential gap in seller expectations.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.