Is Cortez, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cortez is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Cortez has remained a Seller's Market.

Key Takeaway

Cortez is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cortez, CA

How much do homes in Cortez, CA cost?

Median Sold Price

$650,000

$620/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$23,000(+3.7%)

Key Takeaway

Homes in Cortez have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in Cortez was $650,000 in November 2024, up 3.7% from last year, and the median price per square foot was $620.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $535K$552K
+3.2%
2 $730K$694K
-4.9%
3 $750K$817.5K
+9.0%
4 --
N/A
5+ --
N/A

Summary: Cortez housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes decreased by 4.9%, 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

Oct 2024Nov 2024CHANGE
2621-19.2%

Summary: The Cortez real estate market had 21 homes for sale in November 2024, a 19.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1110
-9.1%
2 1511
-26.7%
3 00
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Cortez housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes decreased by 26.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 6 homes were sold or pending in Cortez in November 2024, down by 14.3% month-over-month. Of the 6 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

Nov 2023Nov 2024CHANGE
7 Days65 Days+838.1%

Summary: Homes in Cortez had an average of 65 days on market in Nov 2024, up by 838.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Cortez has remained consistent over time.

Summary: During November 2024, 6 homes were sold in Cortez; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

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