Schenectady Housing Market Report March 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 March 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.
$275,276$179/SqFt
+$20,286
+8.0%

Based on all homes sold in the last 12 months

Insight

Homes in Schenectady have sold for 8% more than they did a year ago.

Summary: The median home sold price in Schenectady was $275,276 in March 2025, up 8% from last year, and the median price per square foot was $179.

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
+8.0%
Glenville
+7.8%
Rotterdam
+7.6%
Niskayuna
+6.4%

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.
BedsMar 2024Mar 2025Change YoY
1$159.9K$155K
-3.1%
2$200K$213.9K
+7.0%
3$252.6K$270.5K
+7.1%
4$298.8K$325.9K
+9.1%
5$259.5K$295K
+13.7%

Summary: Schenectady housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -3.1%. The home price for 2 bedroom homes increased by +7.0%. The home price for 3 bedroom homes increased by +7.1%. The home price for 4 bedroom homes increased by +9.1%. The home price for 5 bedroom homes increased by +13.7%.

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
410Last MonthMar 2025
4432 months agoFeb 2025
-7.4 %
Change MoMFeb – Mar

Summary: The Schenectady real estate market had 410 homes for sale in Mar 2025, a 7.4 % decrease compared to Feb 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
110Last MonthMar 2025
1012 months agoFeb 2025
+8.9 %
Change MoMFeb – Mar

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.
BedsFeb 2025Mar 2025Change MoM
131
-66.7%
26355
-12.7%
3177150
-15.3%
4132132
0.0%
56872
+5.9%

Summary: Schenectady housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -66.7%. The inventory for 2 bedroom homes decreased by -12.7%. The inventory for 3 bedroom homes decreased by -15.3%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +5.9%.

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 Price51 Homes

At Asking Price16 Homes

Under Asking Price43 Homes

Insight

If you're buying a home in Schenectady, you could pay more than the asking price. 46.4% of homes here sold above asking price last month.

Summary: A total of 110 homes were sold or pending in Schenectady in March 2025, up by 8.9% month-over-month. Of the 110 sold homes, 39% were sold under asking, 15% were sold at asking, and and 46% 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 Days71 Homes

30 – 90 Days23 Homes

Over 90 Days16 Homes

Insight

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

Summary: During March 2025, 110 homes were sold in Schenectady; 65% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 15% 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
32 DaysThis YearMar 2025
32 Days1 year agoMar 2024
+0.5 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Schenectady had an average listing age of 32 days in Mar 2025, up by 0.5% 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 04/01/2023 - 04/01/2025

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: 4/3/2025, 11:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

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The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.

Information Copyright 2025, OneKey™ MLS. 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: 4/3/2025, 11:11:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.