$2,969 Closing Credit*
$250,000
2,951 SqFt
4 Beds
•2 Full Baths
Emily Haberek, Listing Office: Coldwell Banker Prime Prop,Inc
Is Cato, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Cato was a Seller's Market.
Key Takeaway
Cato is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Cato, NY
How much do homes in Cato, NY cost?
Median Sold Price
$280,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$92,500(+49.3%)
Key Takeaway
Homes in Cato have sold for 49.3% more than they did a year ago.
Summary: The median home sold price in Cato was $280,000 in October 2024, up 49.3% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $200K | $177.5K | -11.3% |
| 3 Bedrooms | $185K | $222.5K | +20.3% |
| 4 Bedrooms | $322.5K | $307.5K | -4.7% |
| 5+ Bedrooms | $169.9K | - | N/A |
Summary: Cato housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.3%, 3 bedroom homes increased by 20.3%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cato | $187.5K | $280K | +49.3% |
| Ira | $220K | $222.5K | +1.1% |
Housing Supply in Cato, NY
How many homes are available in Cato, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 12 | +100.0% |
Summary: The Cato real estate market had 12 homes for sale in October 2024, a 100.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 1 | 7 | +600.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cato housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 600%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cato, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Cato in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Cato, NY
How long does it take to sell a home in Cato, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 3 Days | 6 Days | +100.0% |
Summary: Homes in Cato had an average of 6 days on market in Oct 2024, up by 100% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cato are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Cato; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
