Is Rotterdam, 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, Rotterdam has remained a Seller's Market.
Housing Prices in Rotterdam, NY
How much do homes in Rotterdam, NY cost?
Median Sold Price
$245,500
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Rotterdam was $245,500 in March 2024, up 6.7% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $99.9K | $237.4K | +137.7% |
2 Bedrooms | $183.7K | $198.7K | +8.2% |
3 Bedrooms | $230.2K | $257.5K | +11.8% |
4 Bedrooms | $270.1K | $265K | -1.9% |
5+ Bedrooms | $315K | $261.2K | -17.1% |
Summary: Rotterdam housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 137.7%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 17.1%.
Median Sold Price Compared To Nearby Cities
Schenectady | $234.5K | $254.9K | +8.7% |
Glenville | $255K | $275K | +7.8% |
Rotterdam | $230K | $245.5K | +6.7% |
Housing Supply in Rotterdam, NY
How many homes are available in Rotterdam, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
89 | 82 | -7.9% |
Summary: The Rotterdam real estate market had 82 homes for sale in March 2024, a 7.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 13 | 15 | +15.4% |
3 Bedrooms | 52 | 46 | -11.5% |
4 Bedrooms | 14 | 17 | +21.4% |
5+ Bedrooms | 9 | 4 | -55.6% |
Summary: The Rotterdam housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 55.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 27 | +35.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Rotterdam in March 2024, up by 35.0% month-over-month. Of the 27 sold homes, 41% were sold under asking, 15% were sold at asking, and 44% were sold over asking.
Days on Market for Rotterdam, NY
How long does it take to sell a home in Rotterdam, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 34 Days | +24.0% |
Summary: Homes in Rotterdam had an average of 34 days on market in Mar 2024, up by 24% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in Rotterdam; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.