Is Cayuga County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Cayuga County has remained a Seller's Market.
Housing Prices in Cayuga County, NY
How much do homes in Cayuga County, NY cost?
Median Sold Price
$175,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Cayuga County was $175,000 in February 2024, down 1.7% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $206K | $182K | -11.6% |
2 Bedrooms | $159.8K | $149.9K | -6.2% |
3 Bedrooms | $170.4K | $180K | +5.7% |
4 Bedrooms | $195K | $181.7K | -6.8% |
5+ Bedrooms | $229.9K | $169.9K | -26.1% |
Summary: Cayuga County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.6%, 2 bedroom homes decreased by 6.2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes decreased by 26.1%.
Median Sold Price Compared To Nearby Counties
Wayne County | $189.9K | $205.8K | +8.3% |
Onondaga County | $205.1K | $221.5K | +8.0% |
Oswego County | $158.9K | $169.9K | +7.0% |
Seneca County | $170K | $175K | +2.9% |
Cayuga County | $177.9K | $175K | -1.7% |
Housing Supply in Cayuga County, NY
How many homes are available in Cayuga County, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
186 | 152 | -18.3% |
Summary: The Cayuga County real estate market had 152 homes for sale in February 2024, a 18.3% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 79 | 70 | -11.4% |
4 Bedrooms | 56 | 39 | -30.4% |
5+ Bedrooms | 41 | 33 | -19.5% |
Summary: The Cayuga County housing inventory by bedroom type for February 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 11.4%, 4 bedroom homes decreased by 30.4%, and 5+ bedroom homes decreased by 19.5%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
39 | 31 | -20.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Cayuga County in February 2024, down by 20.5% month-over-month. Of the 31 sold homes, 58% were sold under asking, 16% were sold at asking, and 26% were sold over asking.
Days on Market for Cayuga County, NY
How long does it take to sell a home in Cayuga County, NY?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
46 Days | 45 Days | -3.0% |
Summary: Homes in Cayuga County had an average of 45 days on market in Feb 2024, down by 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
6 Homes Were Sold
Over 90 Days
Summary: During February 2024, 31 homes were sold in Cayuga County; 58% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.