Is Schenectady 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, 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
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Schenectady County have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Schenectady County was $255,000 in March 2024, up 8.5% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $114.2K | $140K | +22.5% |
| 2 Bedrooms | $180.3K | $200K | +10.9% |
| 3 Bedrooms | $230K | $253K | +10.0% |
| 4 Bedrooms | $289.3K | $299.9K | +3.7% |
| 5+ Bedrooms | $230K | $262.5K | +14.1% |
Summary: Schenectady County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.5%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 14.1%.
Median Sold Price Compared To Nearby Counties
| Schoharie County | $182K | $217K | +19.2% |
| Montgomery County | $160K | $174.9K | +9.3% |
| Schenectady County | $235K | $255K | +8.5% |
| Albany County | $270K | $289.9K | +7.4% |
| Saratoga County | $385.4K | $404.7K | +5.0% |
Housing Supply in Schenectady County, NY
How many homes are available in Schenectady County, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 502 | 460 | -8.4% |
Summary: The Schenectady County real estate market had 460 homes for sale in March 2024, a 8.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 59 | 58 | -1.7% |
| 3 Bedrooms | 200 | 174 | -13.0% |
| 4 Bedrooms | 127 | 132 | +3.9% |
| 5+ Bedrooms | 113 | 94 | -16.8% |
Summary: The Schenectady County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes decreased by 13%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 16.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 98 | 113 | +15.3% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
52 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Schenectady County, you could pay more than the asking price. 46% of homes here sold above asking price last month.
Summary: A total of 113 homes were sold or pending in Schenectady County in March 2024, up by 15.3% month-over-month. Of the 113 sold homes, 35% were sold under asking, 19% were sold at asking, and 46% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 29 Days | 30 Days | +4.1% |
Summary: Homes in Schenectady County had an average of 30 days on market in Mar 2024, up by 4.1% compared to last year.
Breakdown of Home Sale Times
81 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
14 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 March 2024, 113 homes were sold in Schenectady County; 72% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. 
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. 
The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally