Home prices ease in Millbrook, Washington after record highs

MILLBROOK — The median price of a single-family home in the Town of Washington and Village of Millbrook has declined sharply from last year’s peak, although values remain high compared to previous levels.

The 12-month trailing median price stood at $625,000 as of March 31, down 30% from the $895,000 recorded for the same period ending March 31, 2025. Still, that figure is 22% higher than the comparable period ending March 31, 2024.

The number of single-family home sales on a 12-month rolling basis in the Town of Washington and Village of Millbrook varies widely year to year. A total of 35 single-family homes were sold in the 12 months ending March 31, 2026, compared with 34 sales in the period ending March 31, 2025, and 25 sales for the 12 months ending March 31, 2024. The busiest year took place during the 12 months ending in October 2021, when 64 homes were sold during the COVID-19 pandemic.

Inventory of all listed single-family homes has remained stable at 25 for the first three months of the year. As of mid-April, there were 28 single-family homes on the market in three distinct price segments.

Five properties were listed above $5 million, with 11 between $1 million and $5 million, and another 12 between $500,000 and $1 million. No residential properties were listed below $500,000, and only one was asking below the current median price of $625,000.

There were five parcels of land listed for sale on the MLS, all of which have been on the market for more than 300 days. Commercial and retail properties are active, with five properties for sale, including the Millbrook Antiques Mall building.

Transfers

465 Shunpike — 4 bedroom/5 bath residence and a 1 bedroom/1.5 guest house on 40.32 acres sold in March 11 for $5,775,000.

54 Bennett Common — 2 bedroom/2 bath condo sold in March for $352,500.

Lot 748535 Hollow Crest Lane — 6.2 acres of vacant residential land sold in March for $130,000.

Valley Farm Road — 5.73 acres of rural residential land title transferred in February for $180,000.

Town of Washington recorded February real estate transfers from Feb. 1 to Feb. 28, sourced from Dutchess County Real Property Office monthly reports supplemented by sales data from First Key MLS for February and March and market data from InfoSparks. Details on each property from Dutchess Parcel Access. Current listings from One Key MLS. Compiled by Christine Bates, Real Estate Advisor with William Pitt Sotheby’s International Realty, Licensed in Connecticut and New York.