Is Schenectady, NY 12309 a buyer’s or seller’s market?

The Schenectady housing market right now

In the three months ending August 31, 2026, 62% of homes in Schenectady, NY 12309 sold above their list price, the typical home went under contract in 7 days and there were 1.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 131 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 57%, homes sold about as fast and the median sale price fell 4% to $396,828. 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 more often over asking than in 73%. On our competition score, Schenectady ranks #76 of 649 NY ZIP codes with enough sales (score 96 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.