$950 Closing Credit*
$80,000
1,488 SqFt
2 Beds
•1 Full Bath
Greg Wakeman, Listing Office: Hunt Real Estate Era
Is Cazenovia, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Cazenovia was a Neutral 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
$375,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,000(+15.4%)
Key Takeaway
Homes in Cazenovia have sold for 15.4% more than they did a year ago.
Summary: The median home sold price in Cazenovia was $375,000 in November 2024, up 15.4% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199.9K | - | N/A |
| 2 Bedrooms | $350K | $339.5K | -3.0% |
| 3 Bedrooms | $256K | $276.5K | +8.0% |
| 4 Bedrooms | $387.5K | $450K | +16.1% |
| 5+ Bedrooms | $764K | $432K | -43.5% |
Summary: Cazenovia 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 decreased by 3%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes decreased by 43.5%.
Housing Supply in Cazenovia, NY
How many homes are available in Cazenovia, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 31 | -27.9% |
Summary: The Cazenovia real estate market had 31 homes for sale in November 2024, a 27.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 13 | 9 | -30.8% |
| 4 Bedrooms | 21 | 15 | -28.6% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Cazenovia 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 30.8%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cazenovia, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Cazenovia in November 2024, up by 100.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 6 Days | 27 Days | +320.0% |
Summary: Homes in Cazenovia had an average of 27 days on market in Nov 2024, up by 320% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cazenovia are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Cazenovia; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
