SCHENECTADY Housing Report | 2022 Year In Review

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Real Estate
Curious to know how the Schenectady, New York, real estate market performed this year? In this 2022 Year in Review Housing Report, we compare data from Schenectady 2021 to 2022 to see how the market performed in the area.
Schenectady Housing Report
Schenectady single family homes sales are up 22.1% & Prices are up 36.7%
As of December 31, 2022, Schenectady single family home sales increased 22.1%, as there were 844 sales in 2022 compared to 691 in 2021.
Average prices increased by 36.7%, going from $166,741 in 2021 to $227,386 in 2022.
Multi family home sales which are 2, 3 and 4 family units, increased 4.8% as there were 326 sales in 2022 compared to 311 in 2021.
Overall, now is an excellent time to be a seller in the Schenectady area housing market! Buyer demand is at an all-time high, making it easier than ever before to find a buyer quickly and get top dollar for your property. Additionally, financing options are plentiful and sellers can use their equity as leverage in order to move up into their dream homes with ease. Don't wait any longer—if you're thinking about selling your home, now is the time!
Data provided by Capital District FLEXMLS and compared to the prior year.