Schenectady Housing Market Report May 2025•Schenectady County, New York

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Housing Prices in Schenectady, NY

How much do homes in Schenectady, NY cost?

Housing Market Conditions

Is Schenectady, 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

Schenectady is a Seller's Market

Difference Since May 2024

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

Insight

Schenectady 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.
$280,000$181/SqFt
+$22,906
+8.9%

Based on all homes sold in the last 12 months

Insight

Homes in Schenectady have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in Schenectady was $280,000 in May 2025, up 8.9% from last year, and the median price per square foot was $181.

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
Schenectady
+8.9%
Glenville
+7.0%
Rotterdam
+6.0%
Niskayuna
+5.3%

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.
BedsMay 2024May 2025Change YoY
1$197K$152K
-22.8%
2$200K$220K
+10.0%
3$255K$275K
+7.8%
4$300K$326.9K
+9.0%
5$270K$300K
+11.1%

Summary: Schenectady housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -22.8%. The home price for 2 bedroom homes increased by +10.0%. The home price for 3 bedroom homes increased by +7.8%. The home price for 4 bedroom homes increased by +9.0%. The home price for 5 bedroom homes increased by +11.1%.

How does Schenectady, NY compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Schenectady, NY

Housing supply in Schenectady, NY

How many homes are available in Schenectady, 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
506Last MonthMay 2025
4892 months agoApr 2025
+3.5 %
Change MoMApr – May

Summary: The Schenectady real estate market had 506 homes for sale in May 2025, a 3.5 % increase compared to Apr 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
125Last MonthMay 2025
972 months agoApr 2025
+28.9 %
Change MoMApr – May

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.
BedsApr 2025May 2025Change MoM
123
+50.0%
26346
-27.0%
3194213
+9.8%
4146146
0.0%
58498
+16.7%

Summary: Schenectady housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +50.0%. The inventory for 2 bedroom homes decreased by -27.0%. The inventory for 3 bedroom homes increased by +9.8%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +16.7%.

Asking Price vs. Sold Price

How much do homes in Schenectady, 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 Price86 Homes

At Asking Price10 Homes

Under Asking Price29 Homes

Insight

If you're buying a home in Schenectady, you could pay more than the asking price. 68.8% of homes here sold above asking price last month.

Summary: A total of 125 homes were sold or pending in Schenectady in May 2025, up by 28.9% month-over-month. Of the 125 sold homes, 23% were sold under asking, 8% were sold at asking, and and 69% were sold over asking.

Days on Market for Schenectady, NY

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

Breakdown of Home Sale Times

Under 30 Days94 Homes

30 – 90 Days22 Homes

Over 90 Days9 Homes

Insight

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

Summary: During May 2025, 125 homes were sold in Schenectady; 75% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 7% 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 YearMay 2025
26 Days1 year agoMay 2024
-0.2 %
Change YoYMay 2024 – May 2025

Summary: Homes in Schenectady had an average listing age of 26 days in May 2025, down by 0.2% compared to the previous year.

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Newest Listings in Schenectady, NY

What homes are available in Schenectady, NY?

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Nearby markets

Nearby markets aren't available for Schenectady, NY

Popular Cities with Homes for Sale in New York

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Based on information from Global MLS, and OneKey MLS for the period 06/01/2023 - 06/01/2025

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Last updated on: 6/24/2025, 12:50:34 AM 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: 6/23/2025, 11:56:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.