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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Niskayuna is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Niskayuna, NY

How much do homes in Niskayuna, NY cost?

Median Sold Price

$386,250

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,750(+7.7%)

Key Takeaway

Homes in Niskayuna have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in Niskayuna was $386,250 in October 2024, up 7.7% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $363.9K$248.6K
-31.7%
3 $310K$325K
+4.8%
4 $385.5K$423.7K
+9.9%
5+ $425K$531.4K
+25.0%

Summary: Niskayuna housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 31.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 25%.

Median Sold Price Compared To Nearby Cities

Schenectady
+8.8%
Niskayuna
+7.7%
Clifton Park
+5.3%

Housing Supply in Niskayuna, NY

How many homes are available in Niskayuna, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7980+1.3%

Summary: The Niskayuna real estate market had 80 homes for sale in October 2024, a 1.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 119
-18.2%
3 2428
+16.7%
4 3433
-2.9%
5+ 1010
0.0%

Summary: The Niskayuna housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2018-10.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Niskayuna, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in Niskayuna in October 2024, down by 10.0% month-over-month. Of the 18 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.

Days on Market for Niskayuna, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
11 Days16 Days+45.4%

Summary: Homes in Niskayuna had an average of 16 days on market in Oct 2024, up by 45.4% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 18 homes were sold in Niskayuna; 94% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 6% 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

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