$69,000
5.15 Acres
Land
Stephanie Woodard, Listing Office: eXp Realty
Is Schoharie, 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, Schoharie was a Neutral Market.
Key Takeaway
Schoharie is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Schoharie, NY
How much do homes in Schoharie, NY cost?
Median Sold Price
$250,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$7,000(-2.7%)
Key Takeaway
Homes in Schoharie have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in Schoharie was $250,000 in October 2024, down 2.7% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $142.5K | $242.5K | +70.2% |
| 3 Bedrooms | $261.7K | $252.5K | -3.5% |
| 4 Bedrooms | $240.9K | $205K | -14.9% |
| 5+ Bedrooms | $370K | $250K | -32.4% |
Summary: Schoharie 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 70.2%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 14.9%, and 5+ bedroom homes decreased by 32.4%.
Median Sold Price Compared To Nearby Cities
| Howes Cave | $112.2K | $175K | +55.9% |
| Schoharie | $257K | $250K | -2.7% |
Housing Supply in Schoharie, NY
How many homes are available in Schoharie, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The Schoharie real estate market had 17 homes for sale in October 2024, a 6.3% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Schoharie 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Schoharie, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Schoharie in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Schoharie, NY
How long does it take to sell a home in Schoharie, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 30 Days | +132.7% |
Summary: Homes in Schoharie had an average of 30 days on market in Oct 2024, up by 132.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Schoharie are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Schoharie; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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