$4,749 Closing Credit*
$399,900
2,474 SqFt
4 Beds
•2 Full Baths, 1 Partial
Anne Alex Johnson, Listing Office: Coldwell Banker Prime Prop,Inc
Is Cazenovia, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Cazenovia has remained a Seller's Market.
Key Takeaway
Cazenovia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cazenovia, NY
How much do homes in Cazenovia, NY cost?
Median Sold Price
$404,500
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$72,000(+21.7%)
Key Takeaway
Homes in Cazenovia have sold for 21.7% more than they did a year ago.
Summary: The median home sold price in Cazenovia was $404,500 in December 2024, up 21.7% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199.9K | - | N/A |
| 2 Bedrooms | $350K | $409K | +16.9% |
| 3 Bedrooms | $302.5K | $289.9K | -4.1% |
| 4 Bedrooms | $396K | $465K | +17.4% |
| 5+ Bedrooms | $577K | $474.5K | -17.8% |
Summary: Cazenovia housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.9%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes decreased by 17.8%.
Housing Supply in Cazenovia, NY
How many homes are available in Cazenovia, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 37 | 28 | -24.3% |
Summary: The Cazenovia real estate market had 28 homes for sale in December 2024, a 24.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 10 | 7 | -30.0% |
| 4 Bedrooms | 17 | 13 | -23.5% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Cazenovia housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 30%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cazenovia, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Cazenovia in December 2024, down by 9.1% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for Cazenovia, NY
How long does it take to sell a home in Cazenovia, NY?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 19 Days | 33 Days | +72.7% |
Summary: Homes in Cazenovia had an average of 33 days on market in Dec 2024, up by 72.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cazenovia are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 10 homes were sold in Cazenovia; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
