Is Saratoga County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Saratoga County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $287.5K | $184.9K | -35.7% |
2 Bedrooms | $267.9K | $277.5K | +3.6% |
3 Bedrooms | $364.2K | $382.5K | +5.0% |
4 Bedrooms | $454.9K | $481.3K | +5.8% |
5+ Bedrooms | $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 | $270K | $292.2K | +8.2% |
Schenectady County | $236.4K | $255K | +7.8% |
Saratoga County | $385.1K | $409.3K | +6.3% |
Rensselaer County | $244.5K | $260K | +6.3% |
Washington County | $200K | $209K | +4.5% |
Housing Supply in Saratoga County, NY
How many homes are available in Saratoga County, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
612 | 585 | -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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 9 | +80.0% |
2 Bedrooms | 89 | 74 | -16.9% |
3 Bedrooms | 271 | 249 | -8.1% |
4 Bedrooms | 170 | 178 | +4.7% |
5+ Bedrooms | 77 | 75 | -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 2024 | Apr 2024 | CHANGE |
---|---|---|
141 | 146 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 36 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
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.