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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Schoharie County is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Schoharie County, NY

How much do homes in Schoharie County, NY cost?

Median Sold Price

$221,356

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,056(+5.3%)

Key Takeaway

Homes in Schoharie County have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in Schoharie County was $221,356 in October 2024, up 5.3% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $90K$175K
+94.4%
2 $165K$204.9K
+24.2%
3 $218.9K$225K
+2.8%
4 $250K$241.1K
-3.5%
5+ $227.5K$238K
+4.6%

Summary: Schoharie County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 94.4%, 2 bedroom homes increased by 24.2%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 4.6%.

Median Sold Price Compared To Nearby Counties

Schenectady County
+9.8%
Albany County
+8.6%
Montgomery County
+5.6%
Schoharie County
+5.3%
Greene County
+5.0%

Housing Supply in Schoharie County, NY

How many homes are available in Schoharie County, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
154135-12.3%

Summary: The Schoharie County real estate market had 135 homes for sale in October 2024, a 12.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 2824
-14.3%
3 6451
-20.3%
4 3633
-8.3%
5+ 2324
+4.3%

Summary: The Schoharie County 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 14.3%, 3 bedroom homes decreased by 20.3%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 4.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2229+31.8%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Schoharie County, you may be able to get a good deal. 62.1% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Schoharie County in October 2024, up by 31.8% month-over-month. Of the 29 sold homes, 62% were sold under asking, 10% were sold at asking, and 28% were sold over asking.

Days on Market for Schoharie County, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
36 Days68 Days+87.4%

Summary: Homes in Schoharie County had an average of 68 days on market in Oct 2024, up by 87.4% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 29 homes were sold in Schoharie County; 62% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 28% 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 23 Days Ago

Newest Listings in Schoharie County, NY

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