Schenectady, NY Home Values & Market Trends
Real estate market trends reflect that there have been 1,583 transactions over the past year in Schenectady. The median value for residential home transactions that occurred over the previous year is $252,386.49. The number of current listings in Schenectady is 169, and the percentage of properties for sale in the city is 169.00%. Schenectady, NY currently has 75 properties in foreclosure, 9 bank owned properties, 11 properties headed for auction, and 169 properties for sale.
Schenectady, NY Real Estate Market Overview
Housing Market Summary for Schenectady, NY
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $222.5K | $237.5K | 6.74% |
| Median Sold Price | $205.8K | $237.5K | 15.42% |
| Homes For Sale | 200 | 167 | -16.50% |
| Homes Sold | 745 | 755 | 1.34% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Schenectady, NY
Browse Homes in Schenectady, NY
Schenectady home values range from $20,000 to $4,660,688. The median estimated value of a home in Schenectady is $252,386.49. The median list price of a home is 249,900, and the total count of properties in the city is 44,892.
- Pre-ForeclosurePre-foreclosure homes account for 0.12% of all residential properties in Schenectady, NY with 12303 containing 24 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 8 zips within Schenectady, NY; of those zips, the estimated home value for pre-foreclosure homes ranges from $607,000 in 12303 to the lowest home value of $90,339 in 12306.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Schenectady, NY ranges from the highest value of $375,000 in 12309 to the lowest value of $128,243 in 12306. Bank owned homes and properties account for 0.02% of properties in Schenectady, NY. There are 8 zips within Schenectady, NY; 12304 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions12304 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Schenectady, NY. Auction homes and other auction properties account for 0.02% of all properties in Schenectady, NY. There are 8 zips within Schenectady, NY; of those zips, the median estimated home value for homes going to auction ranges from $443,804 in 12304 to the lowest value of $145,900 in 12304.
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More Real Estate Resources for Schenectady, NY
Guide for Schenectady, NY
The real estate market in Syracuse, New York is experiencing a surge in property values and sale prices, with homes typically selling above their listed prices.
The Albany real estate market from April 2023 to March 2024 showed a clear positive trend, with rising property values and sale prices offset by fluctuating property counts.
Amid rapid fluctuations in the Rochester real estate sector, a steady increase in the average sale price per square foot has been observed from March 2023 to February 2024. Surrounding cities like East Rochester, Webster, Penfield, Spencerport, and West Henrietta have experienced unique trends, providing a diverse regional real estate climate.
New York City’s real estate market from August 2023 to January 2024 witnessed roughly an 8% increase in average property values, along with fluctuations in per square foot values and sold prices.
