Is Worcester, NY 12197 a buyer’s or seller’s market?
Worcester is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Worcester housing market right now
In the three months ending August 31, 2026, 20% of homes in Worcester, NY 12197 sold above their list price, the typical home went under contract in 28 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold faster (55 days then) and the median sale price fell 10% to $219,605. Overall, Worcester is more competitive than a year ago, so tougher for buyers.
Within Otsego County, homes here sell faster than in 77% of the county’s ZIP codes, and sell less often over asking than in 55%.
Nearby, buyers who want less competition could look at Otego 13825 (0% sold over asking) or Milford 13807 (0% sold over asking), while East Worcester 12064 (100% sold over asking) and Morris 13808 (60% sold over asking) are even more competitive.
Run the numbers for 12197
Nearby markets
Burlington Flats 13315Buyer’s market $198 /sq ftCherry Valley 13320Buyer’s market $126 /sq ftCooperstown 13326Buyer’s market $240 /sq ftEast Springfield 13333 — /sq ft Browse all markets →Towns like Worcester nearby
Find towns like Worcester in other states →Where Worcester is
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Questions about Worcester real estate
Is Worcester a buyer’s or seller’s market?
A buyer’s market: there were 9.6 months of supply in Worcester, NY 12197 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 Worcester?
The typical home went under contract in 28 days in the latest three months.
Do homes in Worcester sell over asking?
20% of homes sold above their original list price, and the typical sale closed at 98.7% of the list price.
What are property taxes in Worcester?
About 1.70% of a home’s value a year in Otsego County, or roughly $6,800 on a $400,000 home.
What is the median home price in Worcester?
The median sale price was $219,605 in the three months ending August 31, 2026, about $150 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