New - 2 hours on Rocket
$7,430 Closing Credit¹
Christofer F Conte, Listing Office: Coldwell Banker Prime Properties
Saratoga Springs Housing Market Report December 2024•Saratoga County, New York
Housing Prices in Saratoga Springs, NY
How much do homes in Saratoga Springs, NY cost?
Housing Market Conditions
Is Saratoga Springs, NY a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Saratoga Springs is a Seller's Market
Difference Since December 2023
Since last year, Saratoga Springs has remained a Seller's Market.
Insight
Saratoga Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$607,713$323/SqFt
+$48,546
+8.7%
Based on all homes sold in the last 12 months
Insight
Homes in Saratoga Springs have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Saratoga Springs was $607,713 in December 2024, up 8.7% from last year, and the median price per square foot was $323.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Wilton | $475K | $535K | +12.6% |
| Saratoga Springs | $559.1K | $607.7K | +8.7% |
| Malta | $418K | $420K | 0.5% |
| Greenfield Center | $423.9K | $425K | 0.3% |
| Greenfield | $403.3K | $400.5K | -0.7% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $338.7K | $537.5K | +58.7% |
| 22 Bedrooms | $479.5K | $535.5K | +11.7% |
| 33 Bedrooms | $517K | $557K | +7.7% |
| 44 Bedrooms | $645K | $665K | +3.1% |
| 55+ Bedrooms | $756.5K | $905K | +19.6% |
Summary: Saratoga Springs housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +58.7%. The home price for 2 bedroom homes increased by +11.7%. The home price for 3 bedroom homes increased by +7.7%. The home price for 4 bedroom homes increased by +3.1%. The home price for 5 bedroom homes increased by +19.6%.
Housing supply in Saratoga Springs, NY
How many homes are available in Saratoga Springs, NY?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 135Last MonthDec 2024 | ||
| 1702 months agoNov 2024 | -20.6 % Change MoMNov – Dec |
Summary: The Saratoga Springs real estate market had 135 homes for sale in Dec 2024, a 20.6 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 33Last MonthDec 2024 | ||
| 382 months agoNov 2024 | -13.2 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 2 | 1 | -50.0% |
| 22 Bedrooms | 33 | 30 | -9.1% |
| 33 Bedrooms | 62 | 47 | -24.2% |
| 44 Bedrooms | 51 | 37 | -27.5% |
| 55+ Bedrooms | 22 | 20 | -9.1% |
Summary: Saratoga Springs housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -50.0%. The inventory for 2 bedroom homes decreased by -9.1%. The inventory for 3 bedroom homes decreased by -24.2%. The inventory for 4 bedroom homes decreased by -27.5%. The inventory for 5 bedroom homes decreased by -9.1%.
Asking Price vs. Sold Price
How much do homes in Saratoga Springs, NY cost?
Over Asking Price10 Homes
At Asking Price7 Homes
Under Asking Price16 Homes
Insight
If you're buying a home in Saratoga Springs, you may be able to get a good deal. 48.5% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Saratoga Springs in December 2024, down by 13.2% month-over-month. Of the 33 sold homes, 48% were sold under asking, 21% were sold at asking, and and 30% were sold over asking.
Days on Market for Saratoga Springs, NY
How long does it take to sell a home in Saratoga Springs, NY?
Breakdown of Home Sale Times
Under 30 Days23 Homes
30 – 90 Days7 Homes
Over 90 Days3 Homes
Insight
Many homes in Saratoga Springs are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 33 homes were sold in Saratoga Springs; 70% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 30 DaysThis YearDec 2024 | ||
| 43 Days1 year agoDec 2023 | -30.9 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Saratoga Springs had an average listing age of 30 days in Dec 2024, down by 30.9% compared to the previous year.
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Newest Listings in Saratoga Springs, NY
What homes are available in Saratoga Springs, NY?
New - 2 hours on Rocket
$7,107 Closing Credit¹
Christofer F Conte, Michelle Mulledy, Listing Office: Coldwell Banker Prime Properties
New - 3 hours on Rocket
$6,649 Closing Credit¹
Anne K Bishop, Listing Office: Berkshire Hathaway HomeServices Blake, REALTORS
New - 3 hours on Rocket
$3,680 Closing Credit¹
Michelle Decoteau, Listing Office: KW Platform
New - 1 day on Rocket
$10,000 Closing Credit¹
Scott P Varley, Suzanne Diorio, Listing Office: KW Platform
New - 2 days on Rocket
$10,000 Closing Credit¹
Scott P Varley, Listing Office: KW Platform
New - 5 days on Rocket
$10,000 Closing Credit¹
Lars Huus-Skladzinski, Listing Office: Julie & Co Realty, LLC
New - 5 days on Rocket
$10,000 Closing Credit¹
Eric Eckardt, Listing Office: Cleardoor, Inc
New - 5 days on Rocket
Colin McDonald, Listing Office: McDonald Real Estate Company, LLC
New - 7 days on Rocket
$10,000 Closing Credit¹
Charles B Goodridge, Listing Office: Julie & Co Realty, LLC
$7,860 Closing Credit¹
Sharon Byrne, Listing Office: Howard Hanna
$4,869 Closing Credit¹
Danielle Haskell, Listing Office: Oxford Property Group USA
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Nearby markets aren't available for Saratoga Springs, NY
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MLS Disclaimers and Copyright
Based on information from Global MLS, for the period 01/01/2023 - 01/01/2025
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. Copyright © 2025 Global Multiple Listing Service, Inc. All Rights Reserved.
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: 1/29/2025, 4:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.