$6,472 Closing Credit*
$545,000
721 SqFt
1 Bed
•1 Full Bath
Elidie Strouse, Listing Office: Redfin Corporation
Is Cortez, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Cortez was a Seller's Market.
Key Takeaway
Cortez is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cortez, CA
How much do homes in Cortez, CA cost?
Median Sold Price
$627,000
$627/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$12,000(-1.9%)
Key Takeaway
Homes in Cortez have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Cortez was $627,000 in September 2024, down 1.9% from last year, and the median price per square foot was $627.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $515K | $552K | +7.2% |
| 2 Bedrooms | $750.5K | $675K | -10.1% |
| 3 Bedrooms | $750K | $817.5K | +9.0% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Cortez housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes decreased by 10.1%, 3 bedroom homes increased by 9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Cortez, CA
How many homes are available in Cortez, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 28 | 29 | +3.6% |
Summary: The Cortez real estate market had 29 homes for sale in September 2024, a 3.6% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 15 | +15.4% |
| 2 Bedrooms | 15 | 14 | -6.7% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cortez housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cortez, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Cortez in September 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Cortez, CA
How long does it take to sell a home in Cortez, CA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 11 Days | 26 Days | +136.4% |
Summary: Homes in Cortez had an average of 26 days on market in Sep 2024, up by 136.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cortez are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 2 homes were sold in Cortez; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.