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 November 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

$293,000

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$39,250(+15.5%)

Key Takeaway

Homes in Cohoes have sold for 15.5% more than they did a year ago.

Summary: The median home sold price in Cohoes was $293,000 in November 2024, up 15.5% from last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $93.1K$180K
+93.3%
2 $223K$255K
+14.3%
3 $264.5K$292.5K
+10.6%
4 $315K$325K
+3.2%
5+ $210.9K$291K
+38.0%

Summary: Cohoes housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 93.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 38%.

Median Sold Price Compared To Nearby Cities

Cohoes
+15.5%
Troy
+14.6%

Housing Supply in Cohoes, NY

How many homes are available in Cohoes, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8670-18.6%

Summary: The Cohoes real estate market had 70 homes for sale in November 2024, a 18.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 109
-10.0%
3 3123
-25.8%
4 2017
-15.0%
5+ 2521
-16.0%

Summary: The Cohoes housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 25.8%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes decreased by 16%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2520-20.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

14 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. 70% of homes here sold above asking price last month.

Summary: A total of 20 homes were sold or pending in Cohoes in November 2024, down by 20.0% month-over-month. Of the 20 sold homes, 25% were sold under asking, 5% were sold at asking, and 70% 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

Nov 2023Nov 2024CHANGE
18 Days14 Days-23.2%

Summary: Homes in Cohoes had an average of 14 days on market in Nov 2024, down by 23.2% compared to last year.

Breakdown of Home Sale Times

17 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 November 2024, 20 homes were sold in Cohoes; 85% of homes were sold within 30 days, 15% 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 2 Days Ago

Newest Listings in Cohoes, NY

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