Is Saratoga Springs, 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, Saratoga Springs has remained a Seller's Market.
Housing Prices in Saratoga Springs, NY
How much do homes in Saratoga Springs, NY cost?
Median Sold Price
$569,239
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Saratoga Springs was $569,239 in March 2024, up 9.3% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $420K | $365K | -13.1% |
2 Bedrooms | $462.5K | $467.9K | +1.2% |
3 Bedrooms | $477.5K | $513.6K | +7.6% |
4 Bedrooms | $580.9K | $690K | +18.8% |
5+ Bedrooms | $725K | $810.5K | +11.8% |
Summary: Saratoga Springs housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.1%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 11.8%.
Median Sold Price Compared To Nearby Cities
Malta | $365K | $425K | +16.4% |
Greenfield Center | $378.5K | $423.9K | +12.0% |
Greenfield | $366.2K | $401K | +9.5% |
Saratoga Springs | $521K | $569.2K | +9.3% |
Wilton | $466.5K | $475K | +1.8% |
Housing Supply in Saratoga Springs, NY
How many homes are available in Saratoga Springs, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
141 | 127 | -9.9% |
Summary: The Saratoga Springs real estate market had 127 homes for sale in March 2024, a 9.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 25 | 21 | -16.0% |
3 Bedrooms | 48 | 39 | -18.8% |
4 Bedrooms | 39 | 37 | -5.1% |
5+ Bedrooms | 26 | 26 | 0.0% |
Summary: The Saratoga Springs housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 16%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 24 | +4.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Saratoga Springs in March 2024, up by 4.3% month-over-month. Of the 24 sold homes, 46% were sold under asking, 8% were sold at asking, and 46% were sold over asking.
Days on Market for Saratoga Springs, NY
How long does it take to sell a home in Saratoga Springs, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 34 Days | -12.7% |
Summary: Homes in Saratoga Springs had an average of 34 days on market in Mar 2024, down by 12.7% compared to last year.
Breakdown of Home Sale Times
15 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, 24 homes were sold in Saratoga Springs; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.