North East home prices edge higher while sales slow

MILLERTON — The median price for a residential property in the Town of North East, including the Village of Millerton, rose to $465,000 for the 12 months ending Jan. 31, 2026 — a modest 7% increase over the past two years.

Two years ago, the median stood at $435,000. It fell to $400,000 for the year ending Jan. 31, 2025, before rebounding to its current level.

While prices have edged upward, sales activity has slowed. A total of 26 residential properties sold in the town and village combined during the 12 months ending Jan. 31, 2026, down from 37 sales in the prior year and 29 sales in the 12 months ending Jan. 31, 2024.

The Village of Millerton alone showed stronger price appreciation than the broader town. The median residential sale price in the village climbed to $410,000 for the year ending Jan. 31, 2026, up from $385,000 a year earlier and $315,000 for the 12-month period ending Jan. 31, 2024— a 30% increase over that period.

Despite the price gains, transaction volume within the village declined over that period. Only six residential properties sold in the past 12 months, compared with 11 sales in each of the prior two years.

Inventory remains tight. As of late February, only six homes were listed for sale in the Town of North East, along with nine parcels of vacant land. Within the village, just one house was on the market, along with two commercial properties on Main Street.

Village of Millerton December and January property transfers

5842 Elm Ave. — 3 bedroom/2 bath house built in 1913 sold to Jose Efrain Sanches for $337,500.

5878 Elm Ave. — 4 bedroom/2 bath house on 0.4 acres sold to 5878 South Elm LLC for $280,000.

4 Park St. — 3 bedroom/2.5 bath house sold to Amy Butowicz for $365,000.

27 Meadow Lane — 3 bedroom/2 bath ranch built in 1982 sold to Lisa Cappelli for $410,000.

Town of North East December and January property transfers

1388 Route 83 — 4 bedroom/4.5 bath house built in 1880 sold to Thomas William Taylor for $820,000.

17 Forest Lane — 4 bedroom/3.5 bath home on 10.24 acres sold to Anna Tuong Vy Dinh for $1.25 million.

Deer Run Road (#324134) — 4.61 acres of vacant land with views sold to Sion Boney IV for $230,000.

Route 44 (#552232) — 1.48 acres of vacant commercial land next to Bank of Millbrook sold to RWE Investments LLC for $400,000.

437 Mcghee Hill Road — 3 bedroom/2 bath home built in 1820 on 31.6 acres sold to Alexa Sara Irish for $1.13 million.

* Town of North East and Village of Millerton property transfers for December 2025 and January 2026 are sourced from Dutchess County Real Property Office monthly reports. Details on property from Dutchess Parcel Access. Actual parcel numbers indicated by (#___) are included for properties without specific street address. Current market data from One Key MLS. Twelve month median values and sales activity from New York State Sales Web of all residential properties transferred which includes single family, multi-family, estates and mobile homes. Compiled by Christine Bates, Real Estate Advisor with William Pitt Sotheby’s International Realty, Licensed in Connecticut and New York.