Is Cortlandt, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Cortlandt was a Seller's Market.
Housing Prices in Cortlandt, NY
How much do homes in Cortlandt, NY cost?
Median Sold Price
$596,750
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cortlandt was $596,750 in May 2024, up 9.6% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $255K | $202K | -20.8% |
2 Bedrooms | $392.5K | $425K | +8.3% |
3 Bedrooms | $530K | $570K | +7.5% |
4 Bedrooms | $708K | $782.5K | +10.5% |
5+ Bedrooms | $707.7K | $792.5K | +12.0% |
Summary: Cortlandt housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.8%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 12%.
Median Sold Price Compared To Nearby Cities
Cortlandt | $544.2K | $596.7K | +9.6% |
Cortlandt Manor | $537.9K | $580K | +7.8% |
Peekskill | $407.7K | $420K | +3.0% |
Housing Supply in Cortlandt, NY
How many homes are available in Cortlandt, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
177 | 179 | +1.1% |
Summary: The Cortlandt real estate market had 179 homes for sale in May 2024, a 1.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 12 | +20.0% |
2 Bedrooms | 45 | 42 | -6.7% |
3 Bedrooms | 71 | 76 | +7.0% |
4 Bedrooms | 35 | 33 | -5.7% |
5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The Cortlandt housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 26 | -21.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Cortlandt in May 2024, down by 21.2% month-over-month. Of the 26 sold homes, 19% were sold under asking, 12% were sold at asking, and 69% were sold over asking.
Days on Market for Cortlandt, NY
How long does it take to sell a home in Cortlandt, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
47 Days | 37 Days | -20.3% |
Summary: Homes in Cortlandt had an average of 37 days on market in May 2024, down by 20.3% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 26 homes were sold in Cortlandt; 69% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.