$4,750 Closing Credit*
$400,000
1,437 SqFt
2 Beds
•1 Full Bath
Scott P Varley, Listing Office: KW Platform
Is Saratoga, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Saratoga was a Seller's Market.
Key Takeaway
Saratoga is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Saratoga, NY
How much do homes in Saratoga, NY cost?
Median Sold Price
$397,500
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$96,000(+31.8%)
Key Takeaway
Homes in Saratoga have sold for 31.8% more than they did a year ago.
Summary: The median home sold price in Saratoga was $397,500 in October 2024, up 31.8% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $170K | $222K | +30.6% |
| 3 Bedrooms | $302.4K | $397.5K | +31.4% |
| 4 Bedrooms | $431.5K | $455K | +5.4% |
| 5+ Bedrooms | $320K | $1.0M | +216.4% |
Summary: Saratoga 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 30.6%, 3 bedroom homes increased by 31.4%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 216.4%.
Median Sold Price Compared To Nearby Cities
| Saratoga | $301.5K | $397.5K | +31.8% |
| Easton | $262K | $314K | +19.8% |
Housing Supply in Saratoga, NY
How many homes are available in Saratoga, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Summary: The Saratoga real estate market had 14 homes for sale in October 2024, a 17.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Saratoga 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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saratoga, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Saratoga in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Saratoga, NY
How long does it take to sell a home in Saratoga, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 127 Days | +605.6% |
Summary: Homes in Saratoga had an average of 127 days on market in Oct 2024, up by 605.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Saratoga are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Saratoga; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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.