12304 Housing Market Report January 2025•Schenectady County, New York

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Housing Prices in 12304, NY

How much do homes in 12304, NY cost?

Housing Market Conditions

Is 12304, NY a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

12304 is a Seller's Market

Difference Since January 2024

Since last year, 12304 has remained a Seller's Market.

Insight

12304 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$230,000$168/SqFt
+$18,000
+8.5%

Based on all homes sold in the last 12 months

Insight

Homes in 12304 have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in 12304 was $230,000 in January 2025, up 8.5% from last year, and the median price per square foot was $168.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
12308
+11.4%
12307
+11.1%
12303
+10.4%
12309
+9.3%
12304
+8.5%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1-$113.5K
N/A
2$178.4K$190K
+6.5%
3$206K$240K
+16.5%
4$245K$274.9K
+12.2%
5$225K$270K
+20.0%

Summary: 12304 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +6.5%. The home price for 3 bedroom homes increased by +16.5%. The home price for 4 bedroom homes increased by +12.2%. The home price for 5 bedroom homes increased by +20.0%.

Housing supply in 12304, NY

How many homes are available in 12304, NY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
57Last MonthJan 2025
662 months agoDec 2024
-13.6 %
Change MoMDec – Jan

Summary: The 12304 real estate market had 57 homes for sale in Jan 2025, a 13.6 % decrease compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
13Last MonthJan 2025
252 months agoDec 2024
-48.0 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
100
0.0%
278
+14.3%
33528
-20.0%
41715
-11.8%
576
-14.3%

Summary: 12304 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +14.3%. The inventory for 3 bedroom homes decreased by -20.0%. The inventory for 4 bedroom homes decreased by -11.8%. The inventory for 5 bedroom homes decreased by -14.3%.

Asking Price vs. Sold Price

How much do homes in 12304, NY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price3 Homes

At Asking Price6 Homes

Under Asking Price4 Homes

Insight

If you're buying a home in 12304, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.

Summary: A total of 13 homes were sold or pending in 12304 in January 2025, down by 48.0% month-over-month. Of the 13 sold homes, 31% were sold under asking, 46% were sold at asking, and and 23% were sold over asking.

Days on Market for 12304, NY

How long does it take to sell a home in 12304, NY?

Breakdown of Home Sale Times

Under 30 Days9 Homes

30 – 90 Days3 Homes

Over 90 Days1 Home

Insight

Many homes in 12304 are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 13 homes were sold in 12304; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
26 DaysThis YearJan 2025
42 Days1 year agoJan 2024
-39.0 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in 12304 had an average listing age of 26 days in Jan 2025, down by 39.0% compared to the previous year.

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Newest Listings in 12304, NY

What homes are available in 12304, NY?

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MLS Disclaimers and Copyright

Based on information from Global MLS, for the period 02/01/2023 - 02/01/2025

IDX 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.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 2/22/2025, 7:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.