$2,671 Closing Credit*
$224,900
2,256 SqFt
5 Beds
•2 Full Baths
Thomas Casey, Listing Office: Field Realty
Is Rensselaer, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Rensselaer has remained a Seller's Market.
Key Takeaway
Rensselaer is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rensselaer, NY
How much do homes in Rensselaer, NY cost?
Median Sold Price
$255,500
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,500(+3.9%)
Key Takeaway
Homes in Rensselaer have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Rensselaer was $255,500 in October 2024, up 3.9% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $138K | N/A |
| 2 Bedrooms | $220K | $237.5K | +8.0% |
| 3 Bedrooms | $265K | $260K | -1.9% |
| 4 Bedrooms | $283.7K | $290K | +2.2% |
| 5+ Bedrooms | $250K | $295K | +18.0% |
Summary: Rensselaer 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 increased by 8%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 18%.
Median Sold Price Compared To Nearby Cities
| Albany | $261.9K | $285K | +8.8% |
| East Greenbush | $300K | $315K | +5.0% |
| Rensselaer | $246K | $255.5K | +3.9% |
| North Greenbush | $421K | $390.5K | -7.2% |
Housing Supply in Rensselaer, NY
How many homes are available in Rensselaer, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 70 | 62 | -11.4% |
Summary: The Rensselaer real estate market had 62 homes for sale in October 2024, a 11.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 9 | -30.8% |
| 3 Bedrooms | 32 | 34 | +6.3% |
| 4 Bedrooms | 17 | 11 | -35.3% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Rensselaer 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 30.8%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 35.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 15 | +36.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rensselaer, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Rensselaer in October 2024, up by 36.4% month-over-month. Of the 15 sold homes, 33% were sold under asking, 13% were sold at asking, and 53% were sold over asking.
Days on Market for Rensselaer, NY
How long does it take to sell a home in Rensselaer, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 20 Days | -17.6% |
Summary: Homes in Rensselaer had an average of 20 days on market in Oct 2024, down by 17.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rensselaer are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in Rensselaer; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% 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.