North East home prices hold steady while sales activity slows

MILLERTON — North East’s housing market continued to cool this spring, with home prices holding relatively steady and sales activity slowing compared with the post-pandemic surge that drove prices sharply higher across the region.

The 12-month trailing median sale price for residential properties in the Town of North East, including the Village of Millerton, was $420,000 for the period from May 1, 2025, through April 30, 2026. That figure remained essentially unchanged month-to-month, but marked the second consecutive year of declining annual median prices.

The residential median includes all types of housing sales — from modest village homes to large estates with significant acreage — but excludes commercial properties and vacant land sales. Among the higher-end transactions during the period was the sale of 5-15 Homestead Lane for $3.1 million.

Outside the village, where homes are generally situated on larger parcels, the median sale price reached $575,000. Within the Village of Millerton, where lots are typically smaller, the median price for the 10 homes sold during the period was $410,000.

The townwide median price of $420,000 was down 2% from the $430,000 median recorded during the 12-month period ending April 30, 2025. It was also 4% below the median recorded the year before that, continuing a gradual market slowdown following the price increases seen during and immediately after the COVID-19 pandemic.

Sales activity has also slowed considerably. North East recorded 24 residential transactions on a trailing 12-month basis at the end of April, down from 37 sales during the previous year.

Housing inventory showed modest improvement entering the spring market. In early May, 14 homes were listed for sale in North East, including four properties with asking prices above $1 million. Among them was the Hudson Valley Magazine “design home,” listed for $3.99 million.

Only two residential properties were listed for sale within the Village of Millerton in early May. Meanwhile, four commercial properties remained on the market in the village, along with eight parcels of vacant land throughout the town.

Town of North East March and April property sales

710 Smithfield Road — 23.89 acres were sold on April 20 for $190,000.

26 South Center St. —An investment property in the Village of Millerton was sold on April 15 for $700,000.

12 State Line Road — 3 bedroom/2 bath renovated home on 3.8 acres sold on April 15 for $400,000.

5-15 Homestead Lane — 3 bedroom/2 bath home built in 1950 on 258 acres sold on March 27 for $3.1 million.

Town of North East and Village of Millerton closed sales for March and April from realtor.com with property details from Dutchess Parcel Access. Median price and activity calculations for all residential properties from NY State Sales Web transfers through February 2026 with updated residential sales for March and April. Current market data from One Key MLS. Compiled by Christine Bates, Real Estate Advisor with William Pitt Sotheby’s International Realty, Licensed in Connecticut and New York.