Is Schenectady County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Schenectady County has remained a Seller's Market.
Housing Prices in Schenectady County, NY
How much do homes in Schenectady County, NY cost?
Median Sold Price
$259,209
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Schenectady County was $259,209 in May 2024, up 8.4% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $114.2K | $140K | +22.5% |
2 Bedrooms | $182.2K | $200K | +9.7% |
3 Bedrooms | $235K | $256.5K | +9.1% |
4 Bedrooms | $289.9K | $300K | +3.5% |
5+ Bedrooms | $230K | $273K | +18.7% |
Summary: Schenectady County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.5%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 18.7%.
Median Sold Price Compared To Nearby Counties
Schoharie County | $184.3K | $217K | +17.7% |
Albany County | $271.6K | $295.3K | +8.7% |
Schenectady County | $239K | $259.2K | +8.4% |
Montgomery County | $164K | $176.8K | +7.9% |
Saratoga County | $385.8K | $411.4K | +6.6% |
Housing Supply in Schenectady County, NY
How many homes are available in Schenectady County, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
603 | 548 | -9.1% |
Summary: The Schenectady County real estate market had 548 homes for sale in May 2024, a 9.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 3 | -40.0% |
2 Bedrooms | 68 | 58 | -14.7% |
3 Bedrooms | 254 | 225 | -11.4% |
4 Bedrooms | 161 | 151 | -6.2% |
5+ Bedrooms | 115 | 111 | -3.5% |
Summary: The Schenectady County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 14.7%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes decreased by 3.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
139 | 142 | +2.2% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
81 Homes Were Sold
Over Asking
Summary: A total of 142 homes were sold or pending in Schenectady County in May 2024, up by 2.2% month-over-month. Of the 142 sold homes, 30% were sold under asking, 13% were sold at asking, and 57% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 26 Days | +17.6% |
Summary: Homes in Schenectady County had an average of 26 days on market in May 2024, up by 17.6% compared to last year.
Breakdown of Home Sale Times
110 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During May 2024, 142 homes were sold in Schenectady County; 77% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.