The real estate market in New York's Capital Region including Albany, Saratoga, Schenectady, Cohoes, and Troy is dynamic and evolving. Sellers, buyers, and investors are navigating price changes, inventory trends, and shifting demand in 2025-2026.

Albany's housing market continues to show steady price growth. As of late 2025, the median home sale price was about $285,000, up roughly 8.6% from last year, and homes are selling quickly often within about three weeks. This indicates healthy demand, with more homes selling year-over-year.

Saratoga Springs, NY: Premium & Competitive

Saratoga's housing market is traditionally stronger and pricier. Some reports show median home listing prices well above $400,000, and in certain areas even $670,000 reflecting higher demand and desirability. However, some data indicates lower recent sale volume, which can skew short-term trends.

Schenectady, NY: Affordable & Active

In Schenectady, the median home price is around $240,000, with sales activity increasing compared to last year, and average days on the market decreasing showing strong buyer interest at more affordable price points.

Cohoes, NY: Rising Prices

Cohoes has seen significant year-over-year price growth. Recent data shows the median home price about $265,000, up more than 20% from the prior year, with homes selling quickly.

Troy, NY: Balanced & Steady

Troy's housing market remains balanced, with median prices near $249,000-$283,000 and days on market around five weeks. Though not as hot as nearby cities, Troy offers steady activity for both buyers and sellers.

Regional Trends & What It Means

Overall, the Capital Region market remains competitive due to high demand and limited inventory especially for entry-level homes keeping prices relatively strong compared to national norms. Local rent increases and mortgage rates also affect affordability and buyer behavior.

Tips for Buyers & Sellers

Buyers

• Act quickly in high-demand areas.
• Consider Schenectady and Cohoes for affordability.
• Work with a local agent who understands seasonal trends.

Sellers

• Pricing accurately is critical with rising competition.
• Spring and summer remain peak periods for listings.

The Capital Region's real estate market is increasingly diverse, strong growth in Cohoes and Albany, premium pricing in Saratoga, steady activity in Troy, and affordability in Schenectady offering opportunities for all kinds of buyers and sellers.