Pine Plains, NY 12567 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Key Findings

1. The primary market signal is the median sold price of 481,000, which should be treated as the most reliable indicator of realized value when setting comps and pricing recommendations in Pine Plains.
2. The gap between the median listing price of 455,000 and the median sold price of 481,000 suggests sellers in recent transactions have achieved prices above typical asking levels, and combined with a up price year-over-year trend this appears to indicate localized price appreciation rather than uniform weakness across listings.
3. Market liquidity is slow: the median days on market of 346 indicates extended listing periods and, together with a cold market temperature, suggests pricing friction and elevated inventory relative to sales activity that may give buyers negotiating leverage and require sellers to be more flexible on terms or timing.
4. Value-per-rent and yield context: the median price per square foot of 236 alongside a median market rent of 2,250 should be used for localized rent-versus-buy comparisons, while elevated interest rate pressure (elevated) may continue to constrain buyer affordability and slow transaction velocity in the near term.

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.