Is Carthage, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Carthage was a Neutral Market.
Key Takeaway
Carthage is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Carthage, NY
How much do homes in Carthage, NY cost?
Median Sold Price
$199,900
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Carthage have sold for 21.9% more than they did a year ago.
Summary: The median home sold price in Carthage was $199,900 in March 2024, up 21.9% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $88.5K | N/A |
| 2 Bedrooms | $118K | $96.5K | -18.2% |
| 3 Bedrooms | $159.3K | $203.5K | +27.7% |
| 4 Bedrooms | $189.9K | $224K | +18.0% |
| 5+ Bedrooms | $170K | $228.9K | +34.7% |
Summary: Carthage 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 18.2%, 3 bedroom homes increased by 27.7%, 4 bedroom homes increased by 18%, and 5+ bedroom homes increased by 34.7%.
Housing Supply in Carthage, NY
How many homes are available in Carthage, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 51 | 57 | +11.8% |
Summary: The Carthage real estate market had 57 homes for sale in March 2024, a 11.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 22 | 25 | +13.6% |
| 4 Bedrooms | 11 | 16 | +45.5% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Carthage housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Carthage, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Carthage in March 2024, up by 11.1% month-over-month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.
Days on Market for Carthage, NY
How long does it take to sell a home in Carthage, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 63 Days | 47 Days | -25.3% |
Summary: Homes in Carthage had an average of 47 days on market in Mar 2024, down by 25.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Carthage are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Carthage; 60% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
