Is Cortlandville, 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, Cortlandville was a Seller's Market.
Key Takeaway
Cortlandville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cortlandville, NY
How much do homes in Cortlandville, NY cost?
Median Sold Price
$184,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cortlandville have sold for 12.4% less than they did a year ago.
Summary: The median home sold price in Cortlandville was $184,000 in March 2024, down 12.4% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $81K | $32K | -60.5% |
| 2 Bedrooms | $157.5K | $178.5K | +13.3% |
| 3 Bedrooms | $207.5K | $206K | -0.7% |
| 4 Bedrooms | $349K | $172.5K | -50.6% |
| 5+ Bedrooms | $260K | $268.5K | +3.3% |
Summary: Cortlandville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60.5%, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 50.6%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Cortland | $168.7K | $166K | -1.6% |
| Cortlandville | $210K | $184K | -12.4% |
| Homer | $217.5K | $185K | -14.9% |
Housing Supply in Cortlandville, NY
How many homes are available in Cortlandville, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Summary: The Cortlandville real estate market had 15 homes for sale in March 2024, a 16.7% decrease 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 | 5 | 2 | -60.0% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Cortlandville 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 decreased by 60%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cortlandville, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Cortlandville in March 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Cortlandville, NY
How long does it take to sell a home in Cortlandville, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 63 Days | 5 Days | -92.1% |
Summary: Homes in Cortlandville had an average of 5 days on market in Mar 2024, down by 92.1% compared to last year.
Breakdown of Home Sale Times
2 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 Cortlandville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Cortlandville; 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.
IDX Disclaimer/Disclosure: The data on this website relating to real estate for sale comes in part from the IDX Program of the Multiple Listing Service of the Elmira-Corning Regional Association of REALTORS®, Inc.