Is Saratoga 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, 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
$411,476
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Saratoga County was $411,476 in May 2024, up 6.6% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $277.5K | $190K | -31.5% |
2 Bedrooms | $275K | $276.7K | +0.6% |
3 Bedrooms | $365.2K | $389.6K | +6.7% |
4 Bedrooms | $454.6K | $490K | +7.8% |
5+ Bedrooms | $449.9K | $500K | +11.1% |
Summary: Saratoga County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.5%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Counties
Albany County | $271.6K | $295.3K | +8.7% |
Schenectady County | $239K | $259.2K | +8.4% |
Saratoga County | $385.8K | $411.4K | +6.6% |
Washington County | $199K | $211.6K | +6.4% |
Rensselaer County | $245.2K | $260.2K | +6.1% |
Housing Supply in Saratoga County, NY
How many homes are available in Saratoga County, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
687 | 738 | +7.4% |
Summary: The Saratoga County real estate market had 738 homes for sale in May 2024, a 7.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 11 | +10.0% |
2 Bedrooms | 87 | 106 | +21.8% |
3 Bedrooms | 305 | 307 | +0.7% |
4 Bedrooms | 203 | 221 | +8.9% |
5+ Bedrooms | 82 | 93 | +13.4% |
Summary: The Saratoga County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 21.8%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 13.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
161 | 174 | +8.1% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
105 Homes Were Sold
Over Asking
Summary: A total of 174 homes were sold or pending in Saratoga County in May 2024, up by 8.1% month-over-month. Of the 174 sold homes, 27% were sold under asking, 13% were sold at asking, and 60% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 22 Days | -18.6% |
Summary: Homes in Saratoga County had an average of 22 days on market in May 2024, down by 18.6% compared to last year.
Breakdown of Home Sale Times
141 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During May 2024, 174 homes were sold in Saratoga County; 81% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.