Is Carthage, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Carthage has remained a Seller's Market.
Key Takeaway
Carthage is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Carthage, NY
How much do homes in Carthage, NY cost?
Median Sold Price
$199,950
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Carthage have sold for 19% more than they did a year ago.
Summary: The median home sold price in Carthage was $199,950 in May 2024, up 19% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $88.5K | N/A |
| 2 Bedrooms | $118K | $94K | -20.3% |
| 3 Bedrooms | $163.2K | $203.5K | +24.7% |
| 4 Bedrooms | $200K | $227K | +13.5% |
| 5+ Bedrooms | $239.9K | $212K | -11.6% |
Summary: Carthage housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.3%, 3 bedroom homes increased by 24.7%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 11.6%.
Housing Supply in Carthage, NY
How many homes are available in Carthage, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 60 | 65 | +8.3% |
Summary: The Carthage real estate market had 65 homes for sale in May 2024, a 8.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 28 | 33 | +17.9% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Carthage housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 12 | +140.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Carthage, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Carthage in May 2024, up by 140.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 17% were sold at asking, and 58% were sold over asking.
Days on Market for Carthage, NY
How long does it take to sell a home in Carthage, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 30 Days | 25 Days | -16.0% |
Summary: Homes in Carthage had an average of 25 days on market in May 2024, down by 16% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Carthage are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Carthage; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
