Is Rensselaer County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Rensselaer County has remained a Seller's Market.
Key Takeaway
Rensselaer County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rensselaer County, NY
How much do homes in Rensselaer County, NY cost?
Median Sold Price
$260,279
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Rensselaer County have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Rensselaer County was $260,279 in May 2024, up 6.1% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $126.5K | -6.3% |
| 2 Bedrooms | $200K | $213K | +6.5% |
| 3 Bedrooms | $257.2K | $275K | +6.9% |
| 4 Bedrooms | $276.1K | $294.3K | +6.6% |
| 5+ Bedrooms | $219.3K | $251.5K | +14.7% |
Summary: Rensselaer County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 14.7%.
Median Sold Price Compared To Nearby Counties
| Albany County | $271.6K | $295.3K | +8.7% |
| Saratoga County | $385.8K | $411.4K | +6.6% |
| Rensselaer County | $245.2K | $260.2K | +6.1% |
| Columbia County | $448.6K | $472K | +5.2% |
Housing Supply in Rensselaer County, NY
How many homes are available in Rensselaer County, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 477 | 519 | +8.8% |
Summary: The Rensselaer County real estate market had 519 homes for sale in May 2024, a 8.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 8 | +33.3% |
| 2 Bedrooms | 60 | 71 | +18.3% |
| 3 Bedrooms | 163 | 175 | +7.4% |
| 4 Bedrooms | 124 | 138 | +11.3% |
| 5+ Bedrooms | 124 | 127 | +2.4% |
Summary: The Rensselaer County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 18.3%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 2.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 96 | 119 | +24.0% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
65 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rensselaer County, you could pay more than the asking price. 54.6% of homes here sold above asking price last month.
Summary: A total of 119 homes were sold or pending in Rensselaer County in May 2024, up by 24.0% month-over-month. Of the 119 sold homes, 29% were sold under asking, 16% were sold at asking, and 55% were sold over asking.
Days on Market for Rensselaer County, NY
How long does it take to sell a home in Rensselaer County, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 19 Days | -41.4% |
Summary: Homes in Rensselaer County had an average of 19 days on market in May 2024, down by 41.4% compared to last year.
Breakdown of Home Sale Times
96 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rensselaer County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 119 homes were sold in Rensselaer County; 81% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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. 
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally