Is Schenectady, NY 12304 a buyer’s or seller’s market?

The Schenectady housing market right now

In the three months ending August 31, 2026, 54% of homes in Schenectady, NY 12304 sold above their list price, the typical home went under contract in 7 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 59 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (53% then), homes sold faster (9 days then) and the median sale price rose 18% to $294,872. Overall, Schenectady is about as competitive as it was a year ago.

Within Schenectady County, homes here sell faster than in 73% of the county’s ZIP codes, and sell less often over asking than in 55%. On our competition score, Schenectady ranks #166 of 649 NY ZIP codes with enough sales (score 91 out of 100).

Nearby, buyers who want less competition could look at Schenectady 12305 (0% sold over asking) or Alplaus 12008 (0% sold over asking), while Duanesburg 12056 (83% sold over asking) and Schenectady 12302 (68% sold over asking) are even more competitive.