$3,324 Closing Credit*
$279,900
1,776 SqFt
3 Beds
•2 Full Baths
Carla Carter, Listing Office: Howard Hanna
Is Schenectady, 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, Schenectady has remained a Seller's Market.
Key Takeaway
Schenectady is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Schenectady, NY
How much do homes in Schenectady, NY cost?
Median Sold Price
$270,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$20,550(+8.2%)
Key Takeaway
Homes in Schenectady have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Schenectady was $270,000 in December 2024, up 8.2% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $156.9K | +49.5% |
| 2 Bedrooms | $196.8K | $211K | +7.2% |
| 3 Bedrooms | $245.4K | $265.9K | +8.4% |
| 4 Bedrooms | $294.6K | $327.9K | +11.3% |
| 5+ Bedrooms | $251.4K | $285K | +13.3% |
Summary: Schenectady housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49.5%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 13.3%.
Median Sold Price Compared To Nearby Cities
| Glenville | $270K | $295K | +9.3% |
| Schenectady | $249.4K | $270K | +8.2% |
| Rotterdam | $245K | $262.5K | +7.1% |
| Niskayuna | $367K | $385K | +4.9% |
Housing Supply in Schenectady, NY
How many homes are available in Schenectady, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 551 | 424 | -23.0% |
Summary: The Schenectady real estate market had 424 homes for sale in December 2024, a 23.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 71 | 49 | -31.0% |
| 3 Bedrooms | 217 | 163 | -24.9% |
| 4 Bedrooms | 163 | 129 | -20.9% |
| 5+ Bedrooms | 95 | 78 | -17.9% |
Summary: The Schenectady 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 31%, 3 bedroom homes decreased by 24.9%, 4 bedroom homes decreased by 20.9%, and 5+ bedroom homes decreased by 17.9%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 132 | 133 | +0.8% |
Asking Price vs. Sold Price
54 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
52 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Schenectady, you may be able to get a good deal. 40.6% of homes here sold below asking price last month.
Summary: A total of 133 homes were sold or pending in Schenectady in December 2024, up by 0.8% month-over-month. Of the 133 sold homes, 41% were sold under asking, 20% were sold at asking, and 39% were sold over asking.
Days on Market for Schenectady, NY
How long does it take to sell a home in Schenectady, NY?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 20 Days | 25 Days | +22.8% |
Summary: Homes in Schenectady had an average of 25 days on market in Dec 2024, up by 22.8% compared to last year.
Breakdown of Home Sale Times
102 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Schenectady are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 133 homes were sold in Schenectady; 77% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 7% 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. 
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.