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 February 2023

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.

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

-$2,950(-1.7%)

Key Takeaway

Homes in Cayuga County have sold for 1.7% less than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $206K$182K
-11.6%
2 $159.8K$149.9K
-6.2%
3 $170.4K$180K
+5.7%
4 $195K$181.7K
-6.8%
5+ $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
+8.3%
Onondaga County
+8.0%
Oswego County
+7.0%
Seneca County
+2.9%
Cayuga County
-1.7%

Housing Supply in Cayuga County, NY

How many homes are available in Cayuga County, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
186152-18.3%

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

# BEDSJan 2024Feb 2024CHANGE
1 33
0.0%
2 77
0.0%
3 7970
-11.4%
4 5639
-30.4%
5+ 4133
-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 2024Feb 2024CHANGE
3931-20.5%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cayuga County, you may be able to get a good deal. 58.1% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
46 Days45 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 27 Days Ago

Newest Listings in Cayuga County, NY

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