Saratoga Springs Housing Market Report February 2025•Saratoga County, New York

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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?

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

Saratoga Springs is a Seller's Market

Difference Since February 2024

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

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.
$615,500$324/SqFt
+$33,440
+5.7%

Based on all homes sold in the last 12 months

Insight

Homes in Saratoga Springs have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in Saratoga Springs was $615,500 in February 2025, up 5.7% from last year, and the median price per square foot was $324.

Median Sold Price By Cities

Median Sold Price By Cities
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
Wilton
+8.8%
Saratoga Springs
+5.7%
Malta
+1.7%

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.
BedsFeb 2024Feb 2025Change YoY
1$365K$702.2K
+92.4%
2$484K$567.4K
+17.2%
3$521K$557K
+6.9%
4$699.9K$652.5K
-6.8%
5$765.7K$962K
+25.6%

Summary: Saratoga Springs housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +92.4%. The home price for 2 bedroom homes increased by +17.2%. The home price for 3 bedroom homes increased by +6.9%. The home price for 4 bedroom homes decreased by -6.8%. The home price for 5 bedroom homes increased by +25.6%.

Housing supply in Saratoga Springs, NY

How many homes are available in Saratoga Springs, 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
112Last MonthFeb 2025
1442 months agoJan 2025
-22.2 %
Change MoMJan – Feb

Summary: The Saratoga Springs real estate market had 112 homes for sale in Feb 2025, a 22.2 % decrease compared to Jan 2025.

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
22Last MonthFeb 2025
352 months agoJan 2025
-37.1 %
Change MoMJan – Feb

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.
BedsJan 2025Feb 2025Change MoM
142
-50.0%
22818
-35.7%
35240
-23.1%
43831
-18.4%
52221
-4.5%

Summary: Saratoga Springs housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -50.0%. The inventory for 2 bedroom homes decreased by -35.7%. The inventory for 3 bedroom homes decreased by -23.1%. The inventory for 4 bedroom homes decreased by -18.4%. The inventory for 5 bedroom homes decreased by -4.5%.

Asking Price vs. Sold Price

How much do homes in Saratoga Springs, 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 Price8 Homes

At Asking Price4 Homes

Under Asking Price10 Homes

Insight

If you're buying a home in Saratoga Springs, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Saratoga Springs in February 2025, down by 37.1% month-over-month. Of the 22 sold homes, 45% were sold under asking, 18% were sold at asking, and and 36% 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 Days12 Homes

30 – 90 Days3 Homes

Over 90 Days7 Homes

Insight

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

Summary: During February 2025, 22 homes were sold in Saratoga Springs; 55% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 32% 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
48 DaysThis YearFeb 2025
31 Days1 year agoFeb 2024
+53.7 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Saratoga Springs had an average listing age of 48 days in Feb 2025, up by 53.7% compared to the previous year.

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Newest Listings in Saratoga Springs, NY

What homes are available in Saratoga Springs, NY?

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MLS Disclaimers and Copyright

Based on information from Global MLS, for the period 03/01/2023 - 03/01/2025

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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Last updated on: 3/11/2025, 9:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.