Is Schenectady, NY 12307 a buyer’s or seller’s market?
Schenectady is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 82% of U.S. ZIP codes, and #281 of 624 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 July 31, 2026. See the breakdown
The Schenectady housing market right now
In the three months ending August 31, 2026, 36% of homes in Schenectady, NY 12307 sold above their list price, the typical home went under contract in 7 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 11 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 9%, homes sold faster (29 days then) and the median sale price fell 2% to $225,902. Overall, Schenectady is more competitive than a year ago, so tougher for buyers.
Within Schenectady County, homes here sell faster than in 73% of the county’s ZIP codes, and sell less often over asking than in 64%.
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.
Run the numbers for 12307
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 →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 6.4 months of supply in Schenectady, NY 12307 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 7 days in the latest three months.
Do homes in Schenectady sell over asking?
36% of homes sold above their original list price, and the typical sale closed at 105.6% 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 $225,902 in the three months ending August 31, 2026, about $122 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