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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carthage is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Carthage was a Seller's Market.

Key Takeaway

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

Housing Prices in Carthage, NY

How much do homes in Carthage, NY cost?

Median Sold Price

$206,700

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$26,700(+14.8%)

Key Takeaway

Homes in Carthage have sold for 14.8% more than they did a year ago.

Summary: The median home sold price in Carthage was $206,700 in November 2024, up 14.8% from last year, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $85K$142K
+67.1%
2 $105K$102K
-2.9%
3 $180K$212.5K
+18.1%
4 $227K$204K
-10.1%
5+ $193.5K$228.9K
+18.3%

Summary: Carthage housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.1%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 18.1%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes increased by 18.3%.

Median Sold Price Compared To Nearby Cities

Wilna
+19.3%
Carthage
+14.8%
West Carthage
+14.7%
Champion
+3.8%

Housing Supply in Carthage, NY

How many homes are available in Carthage, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7369-5.5%

Summary: The Carthage real estate market had 69 homes for sale in November 2024, a 5.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 65
-16.7%
3 2627
+3.8%
4 2924
-17.2%
5+ 1212
0.0%

Summary: The Carthage housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
139-30.8%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Carthage, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Carthage in November 2024, down by 30.8% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% 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

Nov 2023Nov 2024CHANGE
44 Days89 Days+102.0%

Summary: Homes in Carthage had an average of 89 days on market in Nov 2024, up by 102% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 9 homes were sold in Carthage; 11% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 33% 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

Newest Listings in Carthage, NY

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