Is Cortland 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, Cortland County was a Buyer's Market.
Housing Prices in Cortland County, NY
How much do homes in Cortland County, NY cost?
Median Sold Price
$175,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cortland County was $175,000 in April 2024, down 0.1% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $68.2K | $37K | -45.8% |
2 Bedrooms | $130K | $156.1K | +20.1% |
3 Bedrooms | $173.5K | $170.6K | -1.6% |
4 Bedrooms | $195K | $195K | 0.0% |
5+ Bedrooms | $285K | $181K | -36.5% |
Summary: Cortland County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.8%, 2 bedroom homes increased by 20.1%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 36.5%.
Median Sold Price Compared To Nearby Counties
Cortland County | $175.2K | $175K | -0.1% |
Madison County | $220.1K | $212.2K | -3.6% |
Housing Supply in Cortland County, NY
How many homes are available in Cortland County, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
121 | 111 | -8.3% |
Summary: The Cortland County real estate market had 111 homes for sale in April 2024, a 8.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 23 | 23 | 0.0% |
3 Bedrooms | 51 | 42 | -17.6% |
4 Bedrooms | 31 | 33 | +6.5% |
5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The Cortland County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 17.6%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 25 | +31.6% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Cortland County in April 2024, up by 31.6% month-over-month. Of the 25 sold homes, 56% were sold under asking, 28% were sold at asking, and 16% were sold over asking.
Days on Market for Cortland County, NY
How long does it take to sell a home in Cortland County, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 44 Days | -2.9% |
Summary: Homes in Cortland County had an average of 44 days on market in Apr 2024, down by 2.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Cortland County; 56% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.