Is Rensselaer County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$257,333
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Rensselaer County was $257,333 in March 2024, up 5.2% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $89.5K | $126.5K | +41.3% |
2 Bedrooms | $200K | $214.9K | +7.4% |
3 Bedrooms | $258.4K | $270K | +4.5% |
4 Bedrooms | $275K | $286.2K | +4.1% |
5+ Bedrooms | $215K | $250K | +16.3% |
Summary: Rensselaer County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.3%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 16.3%.
Median Sold Price Compared To Nearby Counties
Columbia County | $415K | $481.2K | +16.0% |
Albany County | $270K | $289.9K | +7.4% |
Rensselaer County | $244.5K | $257.3K | +5.2% |
Saratoga County | $385.4K | $404.7K | +5.0% |
Housing Supply in Rensselaer County, NY
How many homes are available in Rensselaer County, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
429 | 418 | -2.6% |
Summary: The Rensselaer County real estate market had 418 homes for sale in March 2024, a 2.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 64 | 58 | -9.4% |
3 Bedrooms | 144 | 137 | -4.9% |
4 Bedrooms | 118 | 107 | -9.3% |
5+ Bedrooms | 101 | 112 | +10.9% |
Summary: The Rensselaer County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes increased by 10.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
89 | 103 | +15.7% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
41 Homes Were Sold
Over Asking
Summary: A total of 103 homes were sold or pending in Rensselaer County in March 2024, up by 15.7% month-over-month. Of the 103 sold homes, 46% were sold under asking, 15% were sold at asking, and 40% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 38 Days | -16.6% |
Summary: Homes in Rensselaer County had an average of 38 days on market in Mar 2024, down by 16.6% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 103 homes were sold in Rensselaer County; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.