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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cooperstown is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Cooperstown, NY

How much do homes in Cooperstown, NY cost?

Median Sold Price

$400,000

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$111,300(+38.6%)

Key Takeaway

Homes in Cooperstown have sold for 38.6% more than they did a year ago.

Summary: The median home sold price in Cooperstown was $400,000 in November 2024, up 38.6% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $395K-
N/A
2 $240K$271.5K
+13.1%
3 $340K$410K
+20.6%
4 $292.4K$427K
+46.0%
5+ $339.4K$523K
+54.1%

Summary: Cooperstown 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 13.1%, 3 bedroom homes increased by 20.6%, 4 bedroom homes increased by 46%, and 5+ bedroom homes increased by 54.1%.

Median Sold Price Compared To Nearby Cities

Cooperstown
+38.6%
Otsego
+10.2%

Housing Supply in Cooperstown, NY

How many homes are available in Cooperstown, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1517+13.3%

Summary: The Cooperstown real estate market had 17 homes for sale in November 2024, a 13.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 56
+20.0%
4 65
-16.7%
5+ 35
+66.7%

Summary: The Cooperstown 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 increased by 20%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cooperstown, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Cooperstown in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Cooperstown, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
58 Days62 Days+6.0%

Summary: Homes in Cooperstown had an average of 62 days on market in Nov 2024, up by 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 Cooperstown has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Cooperstown; 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 2 Days Ago

Newest Listings in Cooperstown, NY

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