Rensselaer County Housing Market Report January 2025•Rensselaer County, New York

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Housing Prices in Rensselaer County, NY

How much do homes in Rensselaer County, NY cost?

Housing Market Conditions

Is Rensselaer County, 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

Rensselaer County is a Seller's Market

Difference Since January 2024

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

Insight

Rensselaer County 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.
$275,000$177/SqFt
+$20,000
+7.8%

Based on all homes sold in the last 12 months

Insight

Homes in Rensselaer County have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in Rensselaer County was $275,000 in January 2025, up 7.8% from last year, and the median price per square foot was $177.

Median Sold Price By Counties

Median Sold Price By Counties
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
Columbia County
+10.2%
Albany County
+9.2%
Rensselaer County
+7.8%
Saratoga County
+5.2%

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$126.5K$136.2K
+7.7%
2$213.9K$230K
+7.5%
3$270K$279.9K
+3.7%
4$284.4K$330K
+16.0%
5$245K$270K
+10.2%

Summary: Rensselaer County housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +7.7%. The home price for 2 bedroom homes increased by +7.5%. The home price for 3 bedroom homes increased by +3.7%. The home price for 4 bedroom homes increased by +16.0%. The home price for 5 bedroom homes increased by +10.2%.

Housing supply in Rensselaer County, NY

How many homes are available in Rensselaer County, 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
438Last MonthJan 2025
4962 months agoDec 2024
-11.7 %
Change MoMDec – Jan

Summary: The Rensselaer County real estate market had 438 homes for sale in Jan 2025, a 11.7 % 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
106Last MonthJan 2025
1272 months agoDec 2024
-16.5 %
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
122
0.0%
26157
-6.6%
3178159
-10.7%
4132124
-6.1%
512396
-22.0%

Summary: Rensselaer County 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 decreased by -6.6%. The inventory for 3 bedroom homes decreased by -10.7%. The inventory for 4 bedroom homes decreased by -6.1%. The inventory for 5 bedroom homes decreased by -22.0%.

Asking Price vs. Sold Price

How much do homes in Rensselaer County, 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 Price41 Homes

At Asking Price20 Homes

Under Asking Price45 Homes

Insight

If you're buying a home in Rensselaer County, you may be able to get a good deal. 42.5% of homes here sold below asking price last month.

Summary: A total of 106 homes were sold or pending in Rensselaer County in January 2025, down by 16.5% month-over-month. Of the 106 sold homes, 42% were sold under asking, 19% were sold at asking, and and 39% were sold over asking.

Days on Market for Rensselaer County, NY

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

Breakdown of Home Sale Times

Under 30 Days71 Homes

30 – 90 Days30 Homes

Over 90 Days5 Homes

Insight

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

Summary: During January 2025, 106 homes were sold in Rensselaer County; 67% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 5% 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
34 Days1 year agoJan 2024
-24.2 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Rensselaer County had an average listing age of 26 days in Jan 2025, down by 24.2% compared to the previous year.

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Newest Listings in Rensselaer County, NY

What homes are available in Rensselaer County, NY?

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Based on information from Global MLS, Columbia Greene Northern Dutchess Multiple Listing Service, OneKey MLS, Hudson Valley Catskill Region MLS, and MLS Property Information Network Inc. for the period 02/01/2023 - 02/01/2025

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Last updated on: 2/21/2025, 11:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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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: 2/21/2025, 11:15:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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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: 2/21/2025, 10:56:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Copyright © 2025 Hudson Valley Catskill Region MLS. All rights reserved. Real estate listings of brokerage firms other than Hudson Valley Catskill Region MLS are marked with the IDX logo and the detailed information about them includes the listing broker's name. This information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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: 2/21/2025, 11:15:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 11:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.