Is Cayuga County, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cayuga County is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Cayuga County has remained a Seller's Market.

Key Takeaway

Cayuga County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Cayuga County, NY cost?

Median Sold Price

$178,439

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$18,439(+11.5%)

Key Takeaway

Homes in Cayuga County have sold for 11.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $118K$233.7K
+98.1%
2 $139.7K$161K
+15.2%
3 $155K$172.3K
+11.2%
4 $179K$180K
+0.6%
5+ $227.5K$245K
+7.7%

Median Sold Price Compared To Nearby Counties

Seneca County
+19.6%
Cayuga County
+11.5%
Onondaga County
+10.9%
Wayne County
+10.0%
Oswego County
+7.2%

How many homes are available in Cayuga County, NY?

Number of Homes For Sale

Sep 2022Oct 2022%
230194-15.7%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 65
-16.7%
2 2417
-29.2%
3 11996
-19.3%
4 5550
-9.1%
5+ 2626
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
5035-30.0%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cayuga County, you may be able to get a good deal. 68.6% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
26 Days33 Days+25.3%

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Cayuga County, NY

Cayuga County, NY has 194 homes for sale to choose from. The number of listings in Cayuga County, NY decreased by 15.7% between September 2022 and October 2022. The median list price of listings available in October 2022 was $178,439, while the average time on the real estate market was 33 days. Listing prices have changed in this real estate market between September 2022 and October 2022: 1 bedroom properties prices increased by 98.1%, prices of 2 bedrooms properties went up by 15.2%, prices of 3 bedrooms properties increased by 11.2%, prices of 4 bedrooms properties went up by 0.6%, prices of 5 bedrooms properties went up by 7.7%. This housing market inventory have changed: 1 bedroom homes inventory decreased by 16.7%, number of 2 bedrooms homes decreased by 29.2%, 3 bedrooms homes became 19.3% less available, the quantity of 4 bedrooms homes went down by 9.1%, 5 bedrooms homes inventory did not change. While more than 9 listings in Cayuga County, NY in October 2022 were sold above asking price, there were more than 2 listings sold at asking price, and more than 24 were sold below.

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