Is Cayuga County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Cayuga County was a Buyer's Market.
Housing Prices in Cayuga County, NY
How much do homes in Cayuga County, NY cost?
Median Sold Price
$175,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cayuga County was $175,000 in April 2024, down 2.7% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $206K | $182K | -11.6% |
2 Bedrooms | $159.6K | $150K | -6.0% |
3 Bedrooms | $170K | $185.9K | +9.4% |
4 Bedrooms | $199.9K | $175.3K | -12.3% |
5+ Bedrooms | $219.9K | $169.9K | -22.7% |
Summary: Cayuga County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.6%, 2 bedroom homes decreased by 6%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes decreased by 22.7%.
Median Sold Price Compared To Nearby Counties
Wayne County | $192K | $211.5K | +10.2% |
Oswego County | $159.2K | $171.1K | +7.5% |
Onondaga County | $208.5K | $220.6K | +5.8% |
Seneca County | $170K | $175K | +2.9% |
Cayuga County | $179.8K | $175K | -2.7% |
Housing Supply in Cayuga County, NY
How many homes are available in Cayuga County, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
163 | 149 | -8.6% |
Summary: The Cayuga County real estate market had 149 homes for sale in April 2024, a 8.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 13 | 15 | +15.4% |
3 Bedrooms | 76 | 64 | -15.8% |
4 Bedrooms | 44 | 41 | -6.8% |
5+ Bedrooms | 28 | 28 | 0.0% |
Summary: The Cayuga County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 28 | -12.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Cayuga County in April 2024, down by 12.5% month-over-month. Of the 28 sold homes, 46% were sold under asking, 18% were sold at asking, and 36% were sold over asking.
Days on Market for Cayuga County, NY
How long does it take to sell a home in Cayuga County, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
67 Days | 49 Days | -26.8% |
Summary: Homes in Cayuga County had an average of 49 days on market in Apr 2024, down by 26.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in Cayuga County; 54% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.