The Scotia-Glenville zip code of 12302 has proven to be a top market on the radar for home buyers in Schenectady County, and with that has come the bonus of affordable home prices.

401 homes sold within this zip code in 2017,  just 12 home sales shy of the #1 market in overall sales volume, that being the 12309 zip code of Niskayuna.

But unlike their Schenectady County neighbor, average sale prices within the 12302 zip were still in the range of affordability at the close of 2017.

Top 3 zip codes in Schenectady County for # of homes sold in 2017.

Off all these 401 home sales in 2017, the average sale price was $168,722. The main driver behind these sales was from the Scoita-Glenville School District itself, making up for 290 of the 401 homes sales.

This information is key, due to average prices in the other two school districts of Burnt Hills-Ballston Lake, and Niskayuna Schools, were around $200,000 and up, compared to the $153,099 average that Scotia-Glenville School District sellers made on average, in 2017.

It was one home style in particular that seemed favorable to home buyers in 2017, which may need the attention of future home sellers within this market who could capitalize on the demand.

Cape Cod style homes were responsible for 54 sales of the 290 total home sales within this segment. A final average sale price of $150,282, is proving to be quite popular, most likely due to their affordability.

Current Cape Cod homes for sale in 12302:

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Overall these style homes were accepting offers within 58 days on average, but it was actually 3 bedroom Cape Cod style homes within this market that saw even quicker action with 33 home sales averaging just 38 days on the market in 2017.

What is surprising here as well is the fact that 3 bedroom Cape Cod sales actually sold for more money, on average, than the 4 bedroom Cape Cod homes, which grabbed 15 overall sales in 2017, for an average price of $152,677.

Of course, looking deeper into this market reveals that 4 bedroom, 2 full bathroom Cape Cod homes sold for an average of $186,025, compared to 3 bedroom, 2 full bathroom Cape homes selling for $156,162.

Ironically, there were eight sales designated as 3 bedroom, with 1.5 bathrooms, that sold for an average of $170,050, proving how crucial that half bathroom is.

However, home buyers and sellers alike can expect 3 bedroom Cape Cod homes to be more prevalent in 2018. We could see average prices for this popular style increase to well above the $160K average, depending on the amount of bathrooms of course.

Home sellers could be in position to sell their home in the 12302 market for more money than they think. While buyers may see increased competition.

See all homes for sale in Scoita-Glenville:

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