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Featured local agent — Herkimer, NY
Sarah Mitchell
Compass Real Estate · Herkimer, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Herkimer, NY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$175,725median sale price
How is the Herkimer, NY housing market right now?
The median home sale price in Herkimer, NY is $175,725, up 15.6% year-over-year. Homes sell in an average of 168 days with 21 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Herkimer a buyer's or seller's market?
Herkimer, NY is currently a buyer's market, based on 5.3 months of supply and homes selling in about 168 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
168
Average pace
Active listings
21
5.3 months supply
Sale-to-list
99.8%
Below asking
What does the Herkimer housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $175,725 |
| Median list price | $192,400 |
| Year-over-year price change | +15.6% |
| Average days on market | 168 days |
| Active inventory | 21 listings |
| Months of supply | 5.3 months |
| Sale-to-list price ratio | 99.8% |
| Median price per sq ft | $120/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 12 |
| Listings with a price cut | 33.3% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Herkimer by property type?
How the Herkimer, NY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $175,725 | $120/sq ft | 4 | 168 days |
| Townhouse | $147,000 | $52/sq ft | 1 | 685 days |
Source: Redfin · Updated monthly
The Herkimer housing market is currently classified as a buyer's market with a median sale price of $175,725. Prices have risen 15.6% compared to last year, with homes spending an average of 168 days on market, indicating 5.3 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Homes for sale in Herkimer
There are currently 21 homes listed for sale in Herkimer, New York. The median listing price is $192K.
Active listings
21
Homes on market
Median list price
$192K
Avg. days on market
168
Days until sale
New this week
12
Newly listed
Who lives in Herkimer?
Population
7,335
Median income
$57,281/yr
Median age
45.9 years
Owner-occupied
52.3%
College grads
19.4%
Avg commute
19.4 min
Source: U.S. Census Bureau ACS
What is it like to live in Herkimer?
Herkimer is a community of approximately 7K residents with a median age of 45.9 years.The median household income is $57,281, which represents a working-class community with solid middle-income opportunities. 19.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 52.3%, showing a blend of owner and renter-occupied properties. The average commute time is 19.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Herkimer offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Herkimer?
3 schools tracked · 1,393 students
The largest public schools serving Herkimer, NY by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
HERKIMER HIGH SCHOOL
Grades 6-12 · 543 students
HERKIMER ELEMENTARY SCHOOL
Grades PK-5 · 543 students
HERKIMER-FULTON-HAMILTON-OTSEGO BOCES
Grades K-12 · 307 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Herkimer, NY?
Want a head-to-head view? Compare Herkimer side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Herkimer?
The median home sale price in Herkimer is $175,725, up 15.6% from last year.
How long do homes stay on market in Herkimer?
Homes typically spend 168 days on market before going under contract.
What is the median income in Herkimer?
The median household income is $57,281 per year.
Is Herkimer a buyer's or seller's market?
With 5.3 months of supply, Herkimer is currently a buyer's market.
How much does a single-family home cost in Herkimer?
The median single-family home price in Herkimer, NY is $175,725 (about $120 per square foot).
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