North East home prices edge higher on lower volume

North East home prices edge higher on lower volume

Located in the historic hamlet of Irondale built around the Millerton Iron Company, 21 Irondale Road dates from 1870 and was remodeled in 2020. The three-bedroom home sold for $255,000.

Photo by Christine Bates

MILLERTON — The 12-month trailing median price for a residential property in the Town of North East was $415,000 for the period ending Feb. 28, 2026, representing a 7% jump from last year.

That figure includes all types of residences — from single-family homes and mobile homes to large estates — in both the Village of Millerton and the Town of North East, but excludes land and commercial sales. The median price for a home in the village alone was $388,000.

The townwide median was 7% higher than the $387,000 recorded for the 12 months ending Feb. 28, 2025, but both figures were below the 2023-24 median of $565,000. In contrast, village home prices steadily increased over the last three years from $320,000 in 2024 to $385,000 in 2025 to $388,000 as renovated homes came on the market.

The number of residential sales in North East, measured on a 12-month rolling basis, remains within its three-year range of 25 to 35 annually, including the village. A total of 26 residences were sold in the 12 months ending on Feb. 28, 2026, down from the 32 sales in the period ending Feb. 28, 2025, and 31 sales for the 12 months ending Feb. 28, 2024. As village prices rose, the number of sales declined from nine in 2024 and 11 in 2025 to seven in the last 12 months, roughly one in three sales in the town.

Inventory of all homes remains limited. As of early April, there were nine single-family homes on the market townwide. Three were listed above $1 million, with only one listed below the current median price of $415,000. In contrast, 10 parcels of land are listed for sale on the MLS, with listing prices ranging from $129,000 for a building lot to $3,000,000.

February transfers

21 Irondale Road — 3 bedroom/2.5 bath home on .44 acres sold to Victor Manual Molano for $255,000.

278 Sawchuck Road — 3 bedroom/2.5 bath home built in 1975 sold to Flor Maria Valle for $365,000.

5 Homestead Lane — 93.65 acres of vacant land sold to 5 Homestead Farm Lane LLC for $1.25 million

124 Cooper Road — 14.7 acres of vacant lane sold to Sheri Graham Trustee for $240,000.

* Town of North East and Village of Millerton property transfers for February 2026 are sourced from Dutchess County Real Property Office monthly reports. Property details are from Dutchess Parcel Access. Annual sales data is extracted from New York State Sales Web. Current market data is from OneKey MLS. Twelve-month median values and sales activity are from New York State Sales Web and include all residential property types, including single-family homes, multi-family properties, estates and mobile homes. Compiled by Christine Bates, Real Estate Advisor with William Pitt Sotheby’s International Realty, Licensed in Connecticut and New York.

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