Is Schenectady, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Schenectady has remained a Seller's Market.
Key Takeaway
Schenectady is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Schenectady, NY
How much do homes in Schenectady, NY cost?
Median Sold Price
$257,259
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Schenectady have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Schenectady was $257,259 in May 2024, up 8.4% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $197K | +97.0% |
| 2 Bedrooms | $181K | $200K | +10.5% |
| 3 Bedrooms | $234.9K | $255.8K | +8.9% |
| 4 Bedrooms | $288.6K | $299.9K | +3.9% |
| 5+ Bedrooms | $230K | $270K | +17.4% |
Summary: Schenectady housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 97%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 17.4%.
Median Sold Price Compared To Nearby Cities
| Glenville | $255K | $283.8K | +11.3% |
| Niskayuna | $347.2K | $380K | +9.4% |
| Schenectady | $237.3K | $257.2K | +8.4% |
| Rotterdam | $231.2K | $249.9K | +8.1% |
Housing Supply in Schenectady, NY
How many homes are available in Schenectady, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 572 | 523 | -8.6% |
Summary: The Schenectady real estate market had 523 homes for sale in May 2024, a 8.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 65 | 55 | -15.4% |
| 3 Bedrooms | 240 | 215 | -10.4% |
| 4 Bedrooms | 149 | 139 | -6.7% |
| 5+ Bedrooms | 113 | 111 | -1.8% |
Summary: The Schenectady housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 1.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 138 | 141 | +2.2% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
80 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Schenectady, you could pay more than the asking price. 56.7% of homes here sold above asking price last month.
Summary: A total of 141 homes were sold or pending in Schenectady in May 2024, up by 2.2% month-over-month. Of the 141 sold homes, 30% were sold under asking, 13% were sold at asking, and 57% were sold over asking.
Days on Market for Schenectady, NY
How long does it take to sell a home in Schenectady, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 26 Days | +18.2% |
Summary: Homes in Schenectady had an average of 26 days on market in May 2024, up by 18.2% compared to last year.
Breakdown of Home Sale Times
109 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Schenectady are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 141 homes were sold in Schenectady; 77% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 9% 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.