Is Cazenovia, 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, Cazenovia was a Buyer's Market.
Key Takeaway
Cazenovia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cazenovia, NY
How much do homes in Cazenovia, NY cost?
Median Sold Price
$332,500
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cazenovia have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Cazenovia was $332,500 in March 2024, up 2.3% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $199.9K | N/A |
| 2 Bedrooms | $217.5K | $355K | +63.2% |
| 3 Bedrooms | $274K | $278.1K | +1.5% |
| 4 Bedrooms | $379K | $375K | -1.1% |
| 5+ Bedrooms | $625K | $589.5K | -5.7% |
Summary: Cazenovia 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 increased by 63.2%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 5.7%.
Housing Supply in Cazenovia, NY
How many homes are available in Cazenovia, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Summary: The Cazenovia real estate market had 23 homes for sale in March 2024, a 4.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Cazenovia 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cazenovia, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Cazenovia in March 2024, up by 50.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Cazenovia, NY
How long does it take to sell a home in Cazenovia, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 14 Days | 12 Days | -14.8% |
Summary: Homes in Cazenovia had an average of 12 days on market in Mar 2024, down by 14.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cazenovia are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Cazenovia; 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.
