Prices, inventory, and demand — distilled every month into one clear verdict: buyer’s market or seller’s. The investor’s read, before you make an offer.
Only if you move fast. Sellers have the upper hand in Schenectady right now.
Sellers have the upper hand in Schenectady. There are more committed buyers than homes for sale. Good homes find a buyer quickly. If you want one, be ready to move in days.
For every 100 homes for sale, 178 are already under contract. Buyers outnumber sellers here. Expect company when you bid. Few sellers are dropping their price. Asking prices are holding firm. Your discount will come from one stale listing, not from the whole market.
A typical Schenectady home takes 37 days to find a buyer. Half of them take even longer. That is 13% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago. There are 207 homes for sale in Schenectady. That is 1.7 times the tightest month on record, but below the peak of 921. Supply is steady against last year.
Asking prices are 43.7% below their Mar 2022 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower. Schenectady prices have risen in 104 of the last 108 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.
If you plan to sell in the next two years, move it up. This much buyer demand does not last. Right now it does your negotiating for you.
Only if you move fast. Sellers have the upper hand in Schenectady right now. 1.78 out of every 100 homes for sale have a buyer, 10% of sellers have cut their price, and a typical home takes 37 days to sell.
Asking prices are 43.7% below their Mar 2022 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower.
+6.3%/yr. 1 year: -3.6% · 5 years: +6.3% · ten years: +7.0%. The five-year and ten-year rates agree. That is a durable trend, not a boom artifact. It is a fair long-run input. Measure growth per square foot, not on the median. The median moves when the mix of listed homes moves. Your house does not. The one-year rate is a timing signal. It is not an underwriting input.
A typical Schenectady home takes 37 days to find a buyer. Half of them take even longer. That is 13% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago.
12306. Only 126 out of 100 homes there have a buyer, 12% have cut their price, and a typical home takes 50 days to sell.
Where it isn't: 12302 ranks #290 in the country for buyer demand. Expect the least room to negotiate there.
ZIP 12303 is on both lists. That is rare. It is the one place in Schenectady where leverage and growth overlap.
| ZIP | $/sqft, 2 yrs | $/sqft now | Buyers per home | For sale |
|---|---|---|---|---|
| 12306 | +31.3% | $228 | 1.26 | 56 |
| 12308 | +25.6% | $168 | 1.92 | 13 |
| 12303 | +21.7% | $222 | 2.16 | 31 |
| 12304 | +11.1% | $194 | 2.14 | 22 |
| 12309 | +6.2% | $213 | 2.47 | 35 |
Computed from each ZIP's own ten-year history. ZIPs with fewer than 10 homes for sale are excluded: a median across a handful of listings is noise, not a signal.
Closest matches on asking price, price per square foot, days to sell, buyer demand, and price cuts.
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