Is Schoharie County, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Schoharie County is a seller's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Schoharie County was a Neutral Market.

Key Takeaway

Schoharie County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Schoharie County, NY

How much do homes in Schoharie County, NY cost?

Median Sold Price

$217,000

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$35,000(+19.2%)

Key Takeaway

Homes in Schoharie County have sold for 19.2% more than they did a year ago.

Summary: The median home sold price in Schoharie County was $217,000 in March 2024, up 19.2% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $100K$175K
+75.0%
2 $170K$173K
+1.8%
3 $175K$221.4K
+26.5%
4 $221.5K$266.9K
+20.5%
5+ $184.9K$243.8K
+31.9%

Summary: Schoharie County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 26.5%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 31.9%.

Median Sold Price Compared To Nearby Counties

Schoharie County
+19.2%
Montgomery County
+9.3%
Schenectady County
+8.5%
Albany County
+7.4%
Greene County
-11.6%

Housing Supply in Schoharie County, NY

How many homes are available in Schoharie County, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
107100-6.5%

Summary: The Schoharie County real estate market had 100 homes for sale in March 2024, a 6.5% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 21
-50.0%
2 1716
-5.9%
3 3735
-5.4%
4 3233
+3.1%
5+ 1915
-21.1%

Summary: The Schoharie County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 21.1%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1430+114.3%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Schoharie County, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Schoharie County in March 2024, up by 114.3% month-over-month. Of the 30 sold homes, 50% were sold under asking, 13% were sold at asking, and 37% were sold over asking.

Days on Market for Schoharie County, NY

How long does it take to sell a home in Schoharie County, NY?

Average Sale Time

Mar 2023Mar 2024CHANGE
65 Days71 Days+9.4%

Summary: Homes in Schoharie County had an average of 71 days on market in Mar 2024, up by 9.4% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Schoharie County are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 30 homes were sold in Schoharie County; 47% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 26 Days Ago

Newest Listings in Schoharie County, NY

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