Is Cuba, 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, Cuba has remained a Seller's Market.
Housing Prices in Cuba, NY
How much do homes in Cuba, NY cost?
Median Sold Price
$129,000
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cuba was $129,000 in March 2024, up 2% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $43K | $111.5K | +159.3% |
2 Bedrooms | $135K | $77K | -43.0% |
3 Bedrooms | $125K | $164.7K | +31.8% |
4 Bedrooms | $155K | $150K | -3.2% |
5+ Bedrooms | $450K | $112.5K | -75.0% |
Summary: Cuba housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 159.3%, 2 bedroom homes decreased by 43%, 3 bedroom homes increased by 31.8%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 75%.
Housing Supply in Cuba, NY
How many homes are available in Cuba, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 20 | +5.3% |
Summary: The Cuba real estate market had 20 homes for sale in March 2024, a 5.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 2 | -50.0% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Cuba 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 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Cuba in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Cuba, NY
How long does it take to sell a home in Cuba, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
110 Days | 78 Days | -29.2% |
Summary: Homes in Cuba had an average of 78 days on market in Mar 2024, down by 29.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Cuba; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.