Is Saratoga County, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saratoga County is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

Saratoga County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Saratoga County, NY

How much do homes in Saratoga County, NY cost?

Median Sold Price

$409,381

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$24,228(+6.3%)

Key Takeaway

Homes in Saratoga County have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in Saratoga County was $409,381 in April 2024, up 6.3% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $287.5K$184.9K
-35.7%
2 $267.9K$277.5K
+3.6%
3 $364.2K$382.5K
+5.0%
4 $454.9K$481.3K
+5.8%
5+ $450K$500K
+11.1%

Summary: Saratoga County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.7%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 11.1%.

Median Sold Price Compared To Nearby Counties

Albany County
+8.2%
Schenectady County
+7.8%
Saratoga County
+6.3%
Rensselaer County
+6.3%
Washington County
+4.5%

Housing Supply in Saratoga County, NY

How many homes are available in Saratoga County, NY?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
612585-4.4%

Summary: The Saratoga County real estate market had 585 homes for sale in April 2024, a 4.4% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 59
+80.0%
2 8974
-16.9%
3 271249
-8.1%
4 170178
+4.7%
5+ 7775
-2.6%

Summary: The Saratoga County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 80%, 2 bedroom homes decreased by 16.9%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 2.6%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
141146+3.5%

Asking Price vs. Sold Price

49 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

79 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saratoga County, you could pay more than the asking price. 54.1% of homes here sold above asking price last month.

Summary: A total of 146 homes were sold or pending in Saratoga County in April 2024, up by 3.5% month-over-month. Of the 146 sold homes, 34% were sold under asking, 12% were sold at asking, and 54% were sold over asking.

Days on Market for Saratoga County, NY

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

Average Sale Time

Apr 2023Apr 2024CHANGE
30 Days36 Days+18.6%

Summary: Homes in Saratoga County had an average of 36 days on market in Apr 2024, up by 18.6% compared to last year.

Breakdown of Home Sale Times

102 Homes Were Sold
Under 30 Days

25 Homes Were Sold
In 30 - 90 Days

19 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 146 homes were sold in Saratoga County; 70% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

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