$10,000 Closing Credit*
$1,100,000
2,560 SqFt
4 Beds
•2 Full Baths, 1 Partial
Angelo Campagnano, Listing Office: Miranda Real Estate Group Inc
Is Rotterdam, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$262,500
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$17,500(+7.1%)
Key Takeaway
Homes in Rotterdam have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Rotterdam was $262,500 in December 2024, up 7.1% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159.9K | $232K | +45.1% |
| 2 Bedrooms | $193K | $215.5K | +11.7% |
| 3 Bedrooms | $249.9K | $263K | +5.2% |
| 4 Bedrooms | $269.9K | $285K | +5.6% |
| 5+ Bedrooms | $261.2K | $318.5K | +21.9% |
Summary: Rotterdam housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.1%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 21.9%.
Median Sold Price Compared To Nearby Cities
| Glenville | $270K | $295K | +9.3% |
| Schenectady | $249.4K | $270K | +8.2% |
| Rotterdam | $245K | $262.5K | +7.1% |
Housing Supply in Rotterdam, NY
How many homes are available in Rotterdam, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 106 | 77 | -27.4% |
Summary: The Rotterdam real estate market had 77 homes for sale in December 2024, a 27.4% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 18 | 12 | -33.3% |
| 3 Bedrooms | 58 | 36 | -37.9% |
| 4 Bedrooms | 22 | 22 | 0.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Rotterdam housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 37.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 29 | 29 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rotterdam, you could pay more than the asking price. 44.8% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Rotterdam in December 2024, the same as the previous month. Of the 29 sold homes, 34% were sold under asking, 21% were sold at asking, and 45% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 20 Days | 14 Days | -30.0% |
Summary: Homes in Rotterdam had an average of 14 days on market in Dec 2024, down by 30% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
3 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 December 2024, 29 homes were sold in Rotterdam; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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