Is Cairo, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cairo is a buyer's market

Buyer's
Market

Difference Since March 2023

Since last year, Cairo has remained a Buyer's Market.

Key Takeaway

Cairo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Cairo, NY

How much do homes in Cairo, NY cost?

Median Sold Price

$235,000

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$73,000(-23.7%)

Key Takeaway

Homes in Cairo have sold for 23.7% less than they did a year ago.

Summary: The median home sold price in Cairo was $235,000 in March 2024, down 23.7% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $265K$195K
-26.4%
3 $367.5K$285K
-22.4%
4 $395.7K$199K
-49.7%
5+ $243.5K$357.5K
+46.8%

Summary: Cairo housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 26.4%, 3 bedroom homes decreased by 22.4%, 4 bedroom homes decreased by 49.7%, and 5+ bedroom homes increased by 46.8%.

Housing Supply in Cairo, NY

How many homes are available in Cairo, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
11110.0%

Summary: The Cairo real estate market had 11 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 32
-33.3%
4 32
-33.3%
5+ 34
+33.3%

Summary: The Cairo housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cairo, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Cairo in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Cairo, NY

How long does it take to sell a home in Cairo, NY?

Average Sale Time

Mar 2023Mar 2024CHANGE
44 Days20 Days-54.5%

Summary: Homes in Cairo had an average of 20 days on market in Mar 2024, down by 54.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cairo are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 1 homes were sold in Cairo; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 25 Days Ago

Newest Listings in Cairo, NY

Nearby Markets to Cairo, NY