Is Petersburg, NY 12138 a buyer’s or seller’s market?
Petersburg is a seller’s market. With about 1.7 months of supply and 18% 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.
The Petersburg housing market right now
In the three months ending August 31, 2026, 18% of homes in Petersburg, NY 12138 sold above their list price, the typical home went under contract in 23 days and there were 1.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 11 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (17% then), homes sold faster (26 days then) and the median sale price rose 14% to $349,849. Overall, Petersburg is about as competitive as it was a year ago.
Within Rensselaer County, homes here sell more slowly than in 87% of the county’s ZIP codes, and sell less often over asking than in 91%.
Nearby, buyers who want less competition could look at Stephentown 12169 (0% sold over asking) or East Schodack 12063 (0% sold over asking), while Sand Lake 12153 (100% sold over asking) and Valley Falls 12185 (100% sold over asking) are even more competitive.
Run the numbers for 12138
Nearby markets
Averill Park 12018Seller’s market $235 /sq ftBerlin 12022Seller’s market $221 /sq ftCastleton On Hudson 12033Seller’s market $213 /sq ftCropseyville 12052Seller’s market $233 /sq ft Browse all markets →Towns like Petersburg nearby
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Questions about Petersburg real estate
Is Petersburg a buyer’s or seller’s market?
A seller’s market: there were 1.7 months of supply in Petersburg, NY 12138 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 Petersburg?
The typical home went under contract in 23 days in the latest three months.
Do homes in Petersburg sell over asking?
18% of homes sold above their original list price, and the typical sale closed at 98.9% of the list price.
What are property taxes in Petersburg?
About 2.05% of a home’s value a year in Rensselaer County, or roughly $8,200 on a $400,000 home.
What is the median home price in Petersburg?
The median sale price was $349,849 in the three months ending August 31, 2026, about $260 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