Is Schenectady, NY 12308 a buyer’s or seller’s market?

The Schenectady housing market right now

In the three months ending August 31, 2026, 55% of homes in Schenectady, NY 12308 sold above their list price, the typical home went under contract in 10 days and there were 2.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 39 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 59%, homes sold about as fast and the median sale price rose 14% to $297,321. Overall, Schenectady is less competitive than a year ago, which gives buyers more room.

Within Schenectady County, homes here sell more slowly than in 64% of the county’s ZIP codes, and sell more often over asking than in 55%. On our competition score, Schenectady ranks #224 of 649 NY ZIP codes with enough sales (score 88 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.