Is Cohoes, NY 12047 a buyer’s or seller’s market?
Cohoes is a seller’s market. With about 2.9 months of supply and 65% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 93% of U.S. ZIP codes, and #206 of 649 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Cohoes housing market right now
In the three months ending August 31, 2026, 65% of homes in Cohoes, NY 12047 sold above their list price, the typical home went under contract in 8 days and there were 2.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 44 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 50%, homes sold faster (16 days then) and the median sale price rose 10% to $324,859. Overall, Cohoes is more competitive than a year ago, so tougher for buyers.
Within Albany County, homes here sell more slowly than in 57% of the county’s ZIP codes, and sell more often over asking than in 70%. On our competition score, Cohoes ranks #206 of 649 NY ZIP codes with enough sales (score 89 out of 100).
Nearby, buyers who want less competition could look at Albany 12207 (0% sold over asking) or Rensselaerville 12147 (0% sold over asking), while Guilderland 12084 (100% sold over asking) and South Bethlehem 12161 (100% sold over asking) are even more competitive.
Run the numbers for 12047
Nearby markets
Albany 12202Seller’s market $118 /sq ftAlbany 12203Seller’s market $213 /sq ftAlbany 12204Seller’s market $211 /sq ftAlbany 12205Seller’s market $245 /sq ft Browse all markets →Towns like Cohoes nearby
Find towns like Cohoes in other states →Where Cohoes is
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Questions about Cohoes real estate
Is Cohoes a buyer’s or seller’s market?
A seller’s market: there were 2.9 months of supply in Cohoes, NY 12047 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Cohoes?
The typical home went under contract in 8 days in the latest three months.
Do homes in Cohoes sell over asking?
65% of homes sold above their original list price, and the typical sale closed at 103.1% of the list price.
What are property taxes in Cohoes?
About 1.77% of a home’s value a year in Albany County, or roughly $7,080 on a $400,000 home.
What is the median home price in Cohoes?
The median sale price was $324,859 in the three months ending August 31, 2026, about $226 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology