Is Cortland County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Cortland County has remained a Seller's Market.
Housing Prices in Cortland County, NY
How much do homes in Cortland County, NY cost?
Median Sold Price
$172,500
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cortland County was $172,500 in March 2024, down 1.4% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $36.5K | $37K | +1.4% |
2 Bedrooms | $130K | $159.9K | +23.0% |
3 Bedrooms | $174.5K | $170.2K | -2.5% |
4 Bedrooms | $190.7K | $195K | +2.2% |
5+ Bedrooms | $285K | $185.5K | -34.9% |
Summary: Cortland County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes increased by 23%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 34.9%.
Median Sold Price Compared To Nearby Counties
Cortland County | $175K | $172.5K | -1.4% |
Madison County | $219K | $215.3K | -1.7% |
Housing Supply in Cortland County, NY
How many homes are available in Cortland County, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
118 | 107 | -9.3% |
Summary: The Cortland County real estate market had 107 homes for sale in March 2024, a 9.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 25 | 20 | -20.0% |
3 Bedrooms | 51 | 47 | -7.8% |
4 Bedrooms | 24 | 25 | +4.2% |
5+ Bedrooms | 12 | 8 | -33.3% |
Summary: The Cortland County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 18 | -21.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Cortland County in March 2024, down by 21.7% month-over-month. Of the 18 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Cortland County, NY
How long does it take to sell a home in Cortland County, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
56 Days | 29 Days | -48.5% |
Summary: Homes in Cortland County had an average of 29 days on market in Mar 2024, down by 48.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in Cortland County; 61% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.