$295,000
0.89 Acres
Land
Benjamin Oevering, Listing Office: Double Diamond Estates, LLC
Is Rotterdam, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Rotterdam has remained a Seller's Market.
Key Takeaway
Rotterdam is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rotterdam, NY
How much do homes in Rotterdam, NY cost?
Median Sold Price
$260,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,333(+6.3%)
Key Takeaway
Homes in Rotterdam have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Rotterdam was $260,000 in November 2024, up 6.3% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159.9K | $315K | +97.0% |
| 2 Bedrooms | $191.2K | $215K | +12.4% |
| 3 Bedrooms | $250K | $262.5K | +5.0% |
| 4 Bedrooms | $270K | $285K | +5.6% |
| 5+ Bedrooms | $261.2K | $318.5K | +21.9% |
Summary: Rotterdam housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 97%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 21.9%.
Median Sold Price Compared To Nearby Cities
| Pattersonville | $228.5K | $296.2K | +29.6% |
| Glenville | $266.1K | $289.9K | +9.0% |
| Schenectady | $245.7K | $267.6K | +8.9% |
| Rotterdam | $244.6K | $260K | +6.3% |
Housing Supply in Rotterdam, NY
How many homes are available in Rotterdam, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 110 | 81 | -26.4% |
Summary: The Rotterdam real estate market had 81 homes for sale in November 2024, a 26.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 20 | 14 | -30.0% |
| 3 Bedrooms | 57 | 43 | -24.6% |
| 4 Bedrooms | 23 | 16 | -30.4% |
| 5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Rotterdam housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 30%, 3 bedroom homes decreased by 24.6%, 4 bedroom homes decreased by 30.4%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 26 | -7.1% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rotterdam, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Rotterdam in November 2024, down by 7.1% month-over-month. Of the 26 sold homes, 42% were sold under asking, 12% were sold at asking, and 46% were sold over asking.
Days on Market for Rotterdam, NY
How long does it take to sell a home in Rotterdam, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 20 Days | +86.7% |
Summary: Homes in Rotterdam had an average of 20 days on market in Nov 2024, up by 86.7% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rotterdam are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 26 homes were sold in Rotterdam; 77% of homes were sold within 30 days, 23% 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.