Stephentown Housing Market Report December 2024•Rensselaer County, New York

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Housing Prices in Stephentown, NY

How much do homes in Stephentown, NY cost?

Housing Market Conditions

Is Stephentown, 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

Stephentown is a Buyer's Market

Difference Since November 2024

Last month, Stephentown has remained a Buyer's Market.

Insight

Stephentown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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.
$390,000$162/SqFt
+$17,500
+4.7%

Based on all homes sold in December 2024

Insight

Homes in Stephentown have sold for 4.7% more than they did a month ago.

Summary: The median home sold price in Stephentown was $390,000 in December 2024, up 4.7% from last month, and the median price per square foot was $162.

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.
BedsNov 2024Dec 2024Change MoM
1--
N/A
2$260K-
N/A
3--
N/A
4$485K$390K
-19.6%
5--
N/A

Summary: Stephentown housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes decreased by -19.6%. The home price for 5 bedroom homes did not change.

Housing supply in Stephentown, NY

How many homes are available in Stephentown, 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
12Last MonthDec 2024
162 months agoNov 2024
-25.0 %
Change MoMNov – Dec

Summary: The Stephentown real estate market had 12 homes for sale in Dec 2024, a 25.0 % decrease compared to Nov 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
1Last MonthDec 2024
22 months agoNov 2024
-50.0 %
Change MoMNov – Dec

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.
BedsNov 2024Dec 2024Change MoM
100
0.0%
221
-50.0%
354
-20.0%
465
-16.7%
532
-33.3%

Summary: Stephentown housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -50.0%. The inventory for 3 bedroom homes decreased by -20.0%. The inventory for 4 bedroom homes decreased by -16.7%. The inventory for 5 bedroom homes decreased by -33.3%.

Asking Price vs. Sold Price

How much do homes in Stephentown, 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 Price0 Home

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in Stephentown, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Stephentown in December 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Stephentown, NY

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

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Stephentown has remained consistent over time.

Summary: During December 2024, 1 homes were sold in Stephentown; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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.
Last Month1 month agoChange MoM
44 DaysLast MonthDec 2024
22 Days1 month agoNov 2024
+100.0 %
Change MoMNov – Dec

Summary: Homes in Stephentown had an average listing age of 44 days in Dec 2024, up by 100.0% compared to the previous month.

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Newest Listings in Stephentown, NY

What homes are available in Stephentown, NY?

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Based on information from Columbia Greene Northern Dutchess Multiple Listing Service, Global MLS, MLS Property Information Network Inc., and Hudson Valley Catskill Region MLS for the period 11/01/2024 - 01/01/2025

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

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Last updated on: 1/18/2025, 4:16:06 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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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: 1/17/2025, 11:51:04 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.
Last updated on: 1/17/2025, 11:55:50 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: 1/18/2025, 4:16:06 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.