Is Schenectady, 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, Schenectady has remained a Seller's Market.
Key Takeaway
Schenectady is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Schenectady, NY
How much do homes in Schenectady, NY cost?
Median Sold Price
$255,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Schenectady have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Schenectady was $255,000 in April 2024, up 8.4% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $178.4K | +78.5% |
| 2 Bedrooms | $180K | $200K | +11.1% |
| 3 Bedrooms | $232K | $255K | +9.9% |
| 4 Bedrooms | $288.7K | $294.9K | +2.2% |
| 5+ Bedrooms | $226.9K | $261.2K | +15.1% |
Summary: Schenectady housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 78.5%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 15.1%.
Median Sold Price Compared To Nearby Cities
| Niskayuna | $344.5K | $378K | +9.7% |
| Rotterdam | $230K | $249.9K | +8.7% |
| Schenectady | $235.1K | $255K | +8.4% |
| Glenville | $255K | $275K | +7.8% |
Housing Supply in Schenectady, NY
How many homes are available in Schenectady, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 525 | 470 | -10.5% |
Summary: The Schenectady real estate market had 470 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 | 4 | 4 | 0.0% |
| 2 Bedrooms | 64 | 57 | -10.9% |
| 3 Bedrooms | 207 | 184 | -11.1% |
| 4 Bedrooms | 142 | 126 | -11.3% |
| 5+ Bedrooms | 108 | 99 | -8.3% |
Summary: The Schenectady housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.9%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 11.3%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 120 | 126 | +5.0% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
58 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Schenectady, you could pay more than the asking price. 46% of homes here sold above asking price last month.
Summary: A total of 126 homes were sold or pending in Schenectady in April 2024, up by 5.0% month-over-month. Of the 126 sold homes, 39% were sold under asking, 15% were sold at asking, and 46% were sold over asking.
Days on Market for Schenectady, NY
How long does it take to sell a home in Schenectady, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 28 Days | +8.3% |
Summary: Homes in Schenectady had an average of 28 days on market in Apr 2024, up by 8.3% compared to last year.
Breakdown of Home Sale Times
93 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Schenectady are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 126 homes were sold in Schenectady; 74% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. 
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally