Is Mechanicville, NY 12118 a buyer’s or seller’s market?
Mechanicville is a seller’s market. With about 3 months of supply and 48% 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 89% of U.S. ZIP codes, and #262 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 Mechanicville housing market right now
In the three months ending August 31, 2026, 48% of homes in Mechanicville, NY 12118 sold above their list price, the typical home went under contract in 11 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 65 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 55%, homes sold more slowly (9 days then) and the median sale price rose 17% to $550,070. Overall, Mechanicville is less competitive than a year ago, which gives buyers more room.
Within Saratoga County, homes here sell more slowly than in 62% of the county’s ZIP codes, and sell less often over asking than in 62%. On our competition score, Mechanicville ranks #262 of 649 NY ZIP codes with enough sales (score 84 out of 100).
Nearby, buyers who want less competition could look at Middle Grove 12850 (17% sold over asking) or Rock City Falls 12863 (20% sold over asking), while Victory Mills 12884 (100% sold over asking) and Clifton Park 12065 (75% sold over asking) are even more competitive.
Run the numbers for 12118
Nearby markets
Ballston Lake 12019Seller’s market $271 /sq ftBallston Spa 12020Seller’s market $271 /sq ftBurnt Hills 12027Seller’s market $276 /sq ftClifton Park 12065Seller’s market $262 /sq ft Browse all markets →Towns like Mechanicville nearby
Find towns like Mechanicville in other states →Where Mechanicville is
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Questions about Mechanicville real estate
Is Mechanicville a buyer’s or seller’s market?
A seller’s market: there were 3 months of supply in Mechanicville, NY 12118 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 Mechanicville?
The typical home went under contract in 11 days in the latest three months.
Do homes in Mechanicville sell over asking?
48% of homes sold above their original list price, and the typical sale closed at 102.9% of the list price.
What are property taxes in Mechanicville?
About 1.40% of a home’s value a year in Saratoga County, or roughly $5,600 on a $400,000 home.
What is the median home price in Mechanicville?
The median sale price was $550,070 in the three months ending August 31, 2026, about $267 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