Is Cohoes, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cohoes is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Cohoes has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Cohoes, NY

How much do homes in Cohoes, NY cost?

Median Sold Price

$295,000

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$35,000(+13.5%)

Key Takeaway

Homes in Cohoes have sold for 13.5% more than they did a year ago.

Summary: The median home sold price in Cohoes was $295,000 in December 2024, up 13.5% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $125K$180K
+44.0%
2 $214.9K$254K
+18.2%
3 $268.5K$300K
+11.7%
4 $300K$350.4K
+16.8%
5+ $240K$274.5K
+14.4%

Summary: Cohoes housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 14.4%.

Median Sold Price Compared To Nearby Cities

Cohoes
+13.5%
Troy
+11.1%

Housing Supply in Cohoes, NY

How many homes are available in Cohoes, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
7851-34.6%

Summary: The Cohoes real estate market had 51 homes for sale in December 2024, a 34.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 107
-30.0%
3 3019
-36.7%
4 169
-43.8%
5+ 2216
-27.3%

Summary: The Cohoes housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 30%, 3 bedroom homes decreased by 36.7%, 4 bedroom homes decreased by 43.8%, and 5+ bedroom homes decreased by 27.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2117-19.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cohoes, you could pay more than the asking price. 58.8% of homes here sold above asking price last month.

Summary: A total of 17 homes were sold or pending in Cohoes in December 2024, down by 19.0% month-over-month. Of the 17 sold homes, 29% were sold under asking, 12% were sold at asking, and 59% were sold over asking.

Days on Market for Cohoes, NY

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

Average Sale Time

Dec 2023Dec 2024CHANGE
25 Days15 Days-40.4%

Summary: Homes in Cohoes had an average of 15 days on market in Dec 2024, down by 40.4% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 17 homes were sold in Cohoes; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% 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 4 Days Ago

Newest Listings in Cohoes, NY

Nearby Markets to Cohoes, NY