Is Schenectady 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, Schenectady County has remained a Seller's Market.
Key Takeaway
Schenectady County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Schenectady County, NY
How much do homes in Schenectady County, 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 County have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Schenectady County was $255,000 in April 2024, up 7.8% 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 | $114.2K | $149.9K | +31.2% |
| 2 Bedrooms | $181.5K | $200K | +10.2% |
| 3 Bedrooms | $234.3K | $255K | +8.8% |
| 4 Bedrooms | $289.9K | $296.6K | +2.3% |
| 5+ Bedrooms | $227.9K | $267.6K | +17.4% |
Summary: Schenectady County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.2%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 17.4%.
Median Sold Price Compared To Nearby Counties
| Schoharie County | $184K | $218K | +18.5% |
| Montgomery County | $160K | $176.6K | +10.4% |
| Albany County | $270K | $292.2K | +8.2% |
| Schenectady County | $236.4K | $255K | +7.8% |
| Saratoga County | $385.1K | $409.3K | +6.3% |
Housing Supply in Schenectady County, NY
How many homes are available in Schenectady County, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 546 | 502 | -8.1% |
Summary: The Schenectady County real estate market had 502 homes for sale in April 2024, a 8.1% 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 | 66 | 59 | -10.6% |
| 3 Bedrooms | 217 | 200 | -7.8% |
| 4 Bedrooms | 148 | 136 | -8.1% |
| 5+ Bedrooms | 111 | 103 | -7.2% |
Summary: The Schenectady County 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 10.6%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 7.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 123 | 126 | +2.4% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
57 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Schenectady County, you could pay more than the asking price. 45.2% of homes here sold above asking price last month.
Summary: A total of 126 homes were sold or pending in Schenectady County in April 2024, up by 2.4% month-over-month. Of the 126 sold homes, 39% were sold under asking, 16% were sold at asking, and 45% were sold over asking.
Days on Market for Schenectady County, NY
How long does it take to sell a home in Schenectady County, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 29 Days | -5.1% |
Summary: Homes in Schenectady County had an average of 29 days on market in Apr 2024, down by 5.1% compared to last year.
Breakdown of Home Sale Times
92 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Schenectady County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 126 homes were sold in Schenectady County; 73% 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.
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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.