Is Rensselaer County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Rensselaer County has remained a Seller's Market.
Housing Prices in Rensselaer County, NY
How much do homes in Rensselaer County, NY cost?
Median Sold Price
$260,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rensselaer County was $260,000 in April 2024, up 6.3% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $126.5K | -6.3% |
2 Bedrooms | $200K | $213.9K | +7.0% |
3 Bedrooms | $256.7K | $271.6K | +5.8% |
4 Bedrooms | $276.1K | $289.9K | +5.0% |
5+ Bedrooms | $215.5K | $250K | +16.0% |
Summary: Rensselaer County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 16%.
Median Sold Price Compared To Nearby Counties
Columbia County | $430K | $472K | +9.8% |
Albany County | $270K | $292.2K | +8.2% |
Rensselaer County | $244.5K | $260K | +6.3% |
Saratoga County | $385.1K | $409.3K | +6.3% |
Housing Supply in Rensselaer County, NY
How many homes are available in Rensselaer County, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
459 | 411 | -10.5% |
Summary: The Rensselaer County real estate market had 411 homes for sale in April 2024, a 10.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 5 | +150.0% |
2 Bedrooms | 59 | 54 | -8.5% |
3 Bedrooms | 157 | 132 | -15.9% |
4 Bedrooms | 111 | 114 | +2.7% |
5+ Bedrooms | 130 | 106 | -18.5% |
Summary: The Rensselaer County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes decreased by 8.5%, 3 bedroom homes decreased by 15.9%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 18.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
113 | 80 | -29.2% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
41 Homes Were Sold
Over Asking
Summary: A total of 80 homes were sold or pending in Rensselaer County in April 2024, down by 29.2% month-over-month. Of the 80 sold homes, 35% were sold under asking, 14% were sold at asking, and 51% were sold over asking.
Days on Market for Rensselaer County, NY
How long does it take to sell a home in Rensselaer County, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 27 Days | -16.4% |
Summary: Homes in Rensselaer County had an average of 27 days on market in Apr 2024, down by 16.4% compared to last year.
Breakdown of Home Sale Times
61 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 80 homes were sold in Rensselaer County; 76% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.