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 November 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

$221,320

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,370(+5.4%)

Key Takeaway

Homes in Schoharie County have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Schoharie County was $221,320 in November 2024, up 5.4% from last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $90K$175K
+94.4%
2 $165K$204.9K
+24.2%
3 $219.9K$224.5K
+2.1%
4 $250K$275K
+10.0%
5+ $283K$244K
-13.8%

Summary: Schoharie County housing prices by bedroom type for November 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 2.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 13.8%.

Median Sold Price Compared To Nearby Counties

Schenectady County
+9.4%
Albany County
+8.1%
Montgomery County
+7.3%
Greene County
+5.6%
Schoharie County
+5.4%

Housing Supply in Schoharie County, NY

How many homes are available in Schoharie County, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
144121-16.0%

Summary: The Schoharie County real estate market had 121 homes for sale in November 2024, a 16.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 2922
-24.1%
3 6045
-25.0%
4 3333
0.0%
5+ 1919
0.0%

Summary: The Schoharie County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 24.1%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
30300.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

10 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. 50% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Schoharie County in November 2024, the same as the previous month. Of the 30 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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

Nov 2023Nov 2024CHANGE
53 Days55 Days+4.8%

Summary: Homes in Schoharie County had an average of 55 days on market in Nov 2024, up by 4.8% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

5 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 November 2024, 30 homes were sold in Schoharie County; 53% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 17% 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 25 Days Ago

Newest Listings in Schoharie County, NY

Nearby Markets to Schoharie County, NY

What housing markets are near Schoharie County, NY?