Is Cincinnatus, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Cincinnatus has remained a Seller's Market.
Key Takeaway
Cincinnatus is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cincinnatus, NY
How much do homes in Cincinnatus, NY cost?
Median Sold Price
$168,000
$145/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Cincinnatus have sold for 34.1% less than they did a month ago.
Summary: The median home sold price in Cincinnatus was $168,000 in May 2024, down 34.1% from last month, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $224.9K | $264K | +17.4% |
| 4 Bedrooms | $400K | $75K | -81.3% |
| 5+ Bedrooms | $175K | $168K | -4.0% |
Summary: Cincinnatus housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 17.4%, 4 bedroom homes decreased by 81.3%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Cities
| Cincinnatus | $255K | $168K | -34.1% |
| Willet | $335K | $168K | -49.9% |
Housing Supply in Cincinnatus, NY
How many homes are available in Cincinnatus, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Summary: The Cincinnatus real estate market had 10 homes for sale in May 2024, a 23.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Cincinnatus housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cincinnatus, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Cincinnatus in May 2024, the same as the previous month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Cincinnatus, NY
How long does it take to sell a home in Cincinnatus, NY?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 54 Days | 42 Days | -22.4% |
Summary: Homes in Cincinnatus had an average of 42 days on market in May 2024, down by 22.4% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cincinnatus has remained consistent over time.
Summary: During May 2024, 4 homes were sold in Cincinnatus; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
IDX Disclaimer/Disclosure: The data on this website relating to real estate for sale comes in part from the IDX Program of the Multiple Listing Service of the Elmira-Corning Regional Association of REALTORS®, Inc.