Capital Region home prices in 2016 were a lot like they were in 2015. And 2014.

home for sale sign

The median sales price of single-family homes in the greater Capital Region has been (almost) flat for the last three years.

That's one of the bits from the latest batch of stats from the Greater Capital Association of Realtors, which includes numbers for the whole span of 2016.

The median sales price for 2016: $195,000

The median sales price for 2015: $195,000

The median sales price for 2014: $193,915

(The median is the price at which half the homes had higher sales prices and half had lower.)

The average price was also (almost) the same in 2016 and 2015 at not quite $222,500.

One aspect of the market that does appear to be changing -- and might point toward a rise in prices -- is that the number of homes for sale was down almost 22 percent in 2016 compared to 2015. And the average number of days a home was on the market before it sold was 74 -- down from 84 in 2015 and 88 in 2014.

GCAR also breaks out numbers for counties and some municipalities into individual reports. So let's have a look...

It's important to note these numbers have some limitations, maybe the most important of which is that for some municipalities the number of sales is relatively small so a few sales one or way or the other can shift the median. Another thing is that these numbers are for overall price, not price per square foot -- so they're not necessarily comparing all the same types of apples.

Counties

Municipalities

Comments

This wasn't the impression I got while house hunting. Anything decent gets SNATCHED from the market within 4-5 days, often without making it to Zillow. Our search spanned 2 counties and it took us 2 years to find a place to live and the criteria weren't super-strict: younger than 50 years, upper 200s to lower 300s, not cramped.

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