Is Saratoga County, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saratoga County is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Saratoga County has remained a Seller's Market.

Key Takeaway

Saratoga County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Saratoga County, NY

How much do homes in Saratoga County, NY cost?

Median Sold Price

$424,932

$237/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,447(+4.8%)

Key Takeaway

Homes in Saratoga County have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Saratoga County was $424,932 in November 2024, up 4.8% from last year, and the median price per square foot was $237.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $289.9K$382.5K
+31.9%
2 $280K$299K
+6.8%
3 $387.8K$401.4K
+3.5%
4 $475.2K$503.2K
+5.9%
5+ $477.5K$502.5K
+5.2%

Summary: Saratoga County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.9%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 5.2%.

Median Sold Price Compared To Nearby Counties

Washington County
+12.9%
Schenectady County
+9.4%
Albany County
+8.1%
Rensselaer County
+7.4%
Saratoga County
+4.8%

Housing Supply in Saratoga County, NY

How many homes are available in Saratoga County, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
873729-16.5%

Summary: The Saratoga County real estate market had 729 homes for sale in November 2024, a 16.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 158
-46.7%
2 130122
-6.2%
3 377303
-19.6%
4 260220
-15.4%
5+ 9176
-16.5%

Summary: The Saratoga County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 46.7%, 2 bedroom homes decreased by 6.2%, 3 bedroom homes decreased by 19.6%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 16.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
193198+2.6%

Asking Price vs. Sold Price

74 Homes Were Sold
Under Asking

35 Homes Were Sold
At Asking

89 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saratoga County, you could pay more than the asking price. 44.9% of homes here sold above asking price last month.

Summary: A total of 198 homes were sold or pending in Saratoga County in November 2024, up by 2.6% month-over-month. Of the 198 sold homes, 37% were sold under asking, 18% were sold at asking, and 45% were sold over asking.

Days on Market for Saratoga County, NY

How long does it take to sell a home in Saratoga County, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
22 Days28 Days+26.5%

Summary: Homes in Saratoga County had an average of 28 days on market in Nov 2024, up by 26.5% compared to last year.

Breakdown of Home Sale Times

149 Homes Were Sold
Under 30 Days

34 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Saratoga County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 198 homes were sold in Saratoga County; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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