Is Cairo, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cairo is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Cairo has remained a Buyer's Market.

Key Takeaway

Cairo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Cairo, NY

How much do homes in Cairo, NY cost?

Median Sold Price

$294,865

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$71,865(+32.2%)

Key Takeaway

Homes in Cairo have sold for 32.2% more than they did a year ago.

Summary: The median home sold price in Cairo was $294,865 in November 2024, up 32.2% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $159K$305K
+91.7%
3 $303K$299.7K
-1.1%
4 $199K$288.4K
+44.9%
5+ $357.5K$327.5K
-8.4%

Summary: Cairo housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 91.7%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 44.9%, and 5+ bedroom homes decreased by 8.4%.

Housing Supply in Cairo, NY

How many homes are available in Cairo, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1712-29.4%

Summary: The Cairo real estate market had 12 homes for sale in November 2024, a 29.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 76
-14.3%
4 53
-40.0%
5+ 31
-66.7%

Summary: The Cairo housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cairo, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Cairo in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Cairo, NY

How long does it take to sell a home in Cairo, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
14 Days39 Days+178.6%

Summary: Homes in Cairo had an average of 39 days on market in Nov 2024, up by 178.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 1 homes were sold in Cairo; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

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