$2,109 Closing Credit*
$177,558
5 Beds
•2 Full Baths
Denise M Grant, Listing Office: Howard Hanna
Is Rensselaer County, 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 County has remained a Seller's Market.
Key Takeaway
Rensselaer County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rensselaer County, NY
How much do homes in Rensselaer County, NY cost?
Median Sold Price
$268,744
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,769(+7.5%)
Key Takeaway
Homes in Rensselaer County have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Rensselaer County was $268,744 in October 2024, up 7.5% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $135.2K | 0.2% |
| 2 Bedrooms | $205K | $221.9K | +8.2% |
| 3 Bedrooms | $265K | $275.1K | +3.8% |
| 4 Bedrooms | $282K | $321.8K | +14.1% |
| 5+ Bedrooms | $230K | $265K | +15.2% |
Summary: Rensselaer County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 15.2%.
Median Sold Price Compared To Nearby Counties
| Albany County | $280K | $304.1K | +8.6% |
| Rensselaer County | $249.9K | $268.7K | +7.5% |
| Saratoga County | $401.2K | $424.8K | +5.9% |
| Columbia County | $450K | $455K | +1.1% |
Housing Supply in Rensselaer County, NY
How many homes are available in Rensselaer County, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 604 | 562 | -7.0% |
Summary: The Rensselaer County real estate market had 562 homes for sale in October 2024, a 7.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 72 | 62 | -13.9% |
| 3 Bedrooms | 244 | 218 | -10.7% |
| 4 Bedrooms | 146 | 138 | -5.5% |
| 5+ Bedrooms | 138 | 140 | +1.4% |
Summary: The Rensselaer County 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 13.9%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 1.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 106 | 140 | +32.1% |
Asking Price vs. Sold Price
57 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
65 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rensselaer County, you could pay more than the asking price. 46.4% of homes here sold above asking price last month.
Summary: A total of 140 homes were sold or pending in Rensselaer County in October 2024, up by 32.1% month-over-month. Of the 140 sold homes, 41% were sold under asking, 13% were sold at asking, and 46% were sold over asking.
Days on Market for Rensselaer County, NY
How long does it take to sell a home in Rensselaer County, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 29 Days | +3.0% |
Summary: Homes in Rensselaer County had an average of 29 days on market in Oct 2024, up by 3% compared to last year.
Breakdown of Home Sale Times
105 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rensselaer County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 140 homes were sold in Rensselaer County; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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