Is Cortlandt Manor, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cortlandt Manor is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Cortlandt Manor was a Seller's Market.

Key Takeaway

Cortlandt Manor is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Cortlandt Manor, NY

How much do homes in Cortlandt Manor, NY cost?

Median Sold Price

$599,500

$295/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$61,550(+11.4%)

Key Takeaway

Homes in Cortlandt Manor have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in Cortlandt Manor was $599,500 in March 2024, up 11.4% from last year, and the median price per square foot was $295.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $277.5K$125K
-55.0%
2 $408.5K$422.5K
+3.4%
3 $520K$565K
+8.7%
4 $677K$725.5K
+7.2%
5+ $662.5K$740K
+11.7%

Summary: Cortlandt Manor housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 11.7%.

Median Sold Price Compared To Nearby Cities

Cortlandt
+11.9%
Cortlandt Manor
+11.4%
Lake Peekskill
+2.7%
Peekskill
0.2%
Mohegan Lake
-12.3%

Housing Supply in Cortlandt Manor, NY

How many homes are available in Cortlandt Manor, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6480+25.0%

Summary: The Cortlandt Manor real estate market had 80 homes for sale in March 2024, a 25.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 34
+33.3%
2 1220
+66.7%
3 2526
+4.0%
4 2026
+30.0%
5+ 44
0.0%

Summary: The Cortlandt Manor housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 30%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
813+62.5%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

5 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cortlandt Manor, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Cortlandt Manor in March 2024, up by 62.5% month-over-month. Of the 13 sold homes, 8% were sold under asking, 38% were sold at asking, and 54% were sold over asking.

Days on Market for Cortlandt Manor, NY

How long does it take to sell a home in Cortlandt Manor, NY?

Average Sale Time

Mar 2023Mar 2024CHANGE
44 Days50 Days+14.2%

Summary: Homes in Cortlandt Manor had an average of 50 days on market in Mar 2024, up by 14.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Cortlandt Manor has remained consistent over time.

Summary: During March 2024, 13 homes were sold in Cortlandt Manor; 38% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 15% 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 24 Days Ago

Newest Listings in Cortlandt Manor, NY

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