Is Cayuga County, 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, Cayuga County has remained a Seller's Market.
Key Takeaway
Cayuga County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cayuga County, NY
How much do homes in Cayuga County, NY cost?
Median Sold Price
$176,600
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cayuga County have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Cayuga County was $176,600 in May 2024, down 1.1% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $192K | $182.6K | -4.9% |
| 2 Bedrooms | $153K | $159.5K | +4.2% |
| 3 Bedrooms | $175K | $190K | +8.6% |
| 4 Bedrooms | $195K | $179.9K | -7.7% |
| 5+ Bedrooms | $219.9K | $169.9K | -22.7% |
Summary: Cayuga County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.9%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 22.7%.
Median Sold Price Compared To Nearby Counties
| Wayne County | $190.5K | $211.3K | +10.9% |
| Oswego County | $160K | $174.5K | +9.1% |
| Onondaga County | $209.2K | $224.4K | +7.3% |
| Seneca County | $173K | $177.9K | +2.8% |
| Cayuga County | $178.4K | $176.6K | -1.1% |
Housing Supply in Cayuga County, NY
How many homes are available in Cayuga County, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 167 | 179 | +7.2% |
Summary: The Cayuga County real estate market had 179 homes for sale in May 2024, a 7.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 17 | 15 | -11.8% |
| 3 Bedrooms | 72 | 84 | +16.7% |
| 4 Bedrooms | 45 | 54 | +20.0% |
| 5+ Bedrooms | 32 | 24 | -25.0% |
Summary: The Cayuga County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 33 | -2.9% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cayuga County, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Cayuga County in May 2024, down by 2.9% month-over-month. Of the 33 sold homes, 45% were sold under asking, 15% were sold at asking, and 39% were sold over asking.
Days on Market for Cayuga County, NY
How long does it take to sell a home in Cayuga County, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 48 Days | +96.1% |
Summary: Homes in Cayuga County had an average of 48 days on market in May 2024, up by 96.1% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cayuga County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 33 homes were sold in Cayuga County; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
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.