Is Preston Hollow, NY 12469 a buyer’s or seller’s market?
Preston Hollow is a seller’s market. With about 0.8 months of supply and 25% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Preston Hollow housing market right now
In the three months ending August 31, 2026, 25% of homes in Preston Hollow, NY 12469 sold above their list price, the typical home went under contract in 62 days and there were 0.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (54 days then) and the median sale price rose 294% to $324,859. Overall, Preston Hollow is more competitive than a year ago, so tougher for buyers.
Within Albany County, homes here sell more slowly than in any other ZIP code in the county, and sell less often over asking than in 90%.
Nearby, buyers who want less competition could look at Albany 12207 (0% sold over asking) or Rensselaerville 12147 (0% sold over asking), while Guilderland 12084 (100% sold over asking) and South Bethlehem 12161 (100% sold over asking) are even more competitive.
Run the numbers for 12469
Nearby markets
Albany 12202Seller’s market $118 /sq ftAlbany 12203Seller’s market $213 /sq ftAlbany 12204Seller’s market $211 /sq ftAlbany 12205Seller’s market $245 /sq ft Browse all markets →Where Preston Hollow is
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Questions about Preston Hollow real estate
Is Preston Hollow a buyer’s or seller’s market?
A seller’s market: there were 0.8 months of supply in Preston Hollow, NY 12469 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 Preston Hollow?
The typical home went under contract in 62 days in the latest three months.
Do homes in Preston Hollow sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 96.4% of the list price.
What are property taxes in Preston Hollow?
About 1.77% of a home’s value a year in Albany County, or roughly $7,080 on a $400,000 home.
What is the median home price in Preston Hollow?
The median sale price was $324,859 in the three months ending August 31, 2026, about $242 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