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Is Schenectady, NY 12305 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Schenectady is a buyer’s market. With about 12.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply12.8Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list97.2%Sold price ÷ list price
Median days on market81Listing to accepted offer
Median price per sq ft$213▼ −3.9% vs. last year

The Schenectady housing market right now

In the three months ending August 31, 2026, 0% of homes in Schenectady, NY 12305 sold above their list price, the typical home went under contract in 81 days and there were 12.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 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 more slowly (65 days then) and the median sale price fell 17% to $274,881. Overall, Schenectady is less competitive than a year ago, which gives buyers more room.

Within Schenectady County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.

Nearby, Duanesburg 12056 (83% sold over asking) and Schenectady 12302 (68% sold over asking) are even more competitive.

Run the numbers for 12305

Prefilled for 12305Can I win this house?Multiple-offer likelihood for a listing Prefilled for 12305Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Alplaus 12008Seller’s market $172 /sq ftDelanson 12053Seller’s market $230 /sq ftDuanesburg 12056Seller’s market $193 /sq ftPattersonville 12137Seller’s market $231 /sq ft Browse all markets →

Towns like Schenectady nearby

Find towns like Schenectady in other states →
Albany, NY12210 · 14 miles away90% similarVery close on income, prices and more Albany, NY12202 · 15 miles away75% similarcheaper homes ($52K less) Albany, NY12206 · 13 miles away64% similarcheaper homes ($55K less) · larger Troy, NY12183 · 13 miles away63% similarcheaper homes ($79K less) · smaller

Where Schenectady is

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Questions about Schenectady real estate

Is Schenectady a buyer’s or seller’s market?

A buyer’s market: there were 12.8 months of supply in Schenectady, NY 12305 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 Schenectady?

The typical home went under contract in 81 days in the latest three months.

Do homes in Schenectady sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 97.2% of the list price.

What are property taxes in Schenectady?

About 2.36% of a home’s value a year in Schenectady County, or roughly $9,440 on a $400,000 home.

What is the median home price in Schenectady?

The median sale price was $274,881 in the three months ending August 31, 2026, about $213 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