$653 Closing Credit*
$55,000
1,040 SqFt
2 Beds
•1 Full Bath
Karina Murphy, Listing Office: Yaman Real Estate
Is Cortland County, 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, Cortland County was a Seller's Market.
Key Takeaway
Cortland County 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 Cortland County, NY
How much do homes in Cortland County, NY cost?
Median Sold Price
$187,437
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,770(+10.5%)
Key Takeaway
Homes in Cortland County have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Cortland County was $187,437 in October 2024, up 10.5% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $34.2K | $56.9K | +66.3% |
| 2 Bedrooms | $150K | $156.1K | +4.1% |
| 3 Bedrooms | $170.4K | $190K | +11.5% |
| 4 Bedrooms | $181K | $201.5K | +11.3% |
| 5+ Bedrooms | $200K | $166.5K | -16.8% |
Summary: Cortland County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.3%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes decreased by 16.8%.
Median Sold Price Compared To Nearby Counties
| Chenango County | $142K | $160K | +12.7% |
| Cortland County | $169.6K | $187.4K | +10.5% |
| Madison County | $220K | $229.7K | +4.4% |
Housing Supply in Cortland County, NY
How many homes are available in Cortland County, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 123 | 117 | -4.9% |
Summary: The Cortland County real estate market had 117 homes for sale in October 2024, a 4.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 21 | 19 | -9.5% |
| 3 Bedrooms | 48 | 41 | -14.6% |
| 4 Bedrooms | 33 | 29 | -12.1% |
| 5+ Bedrooms | 15 | 21 | +40.0% |
Summary: The Cortland County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes decreased by 14.6%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 19 | -29.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cortland County, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Cortland County in October 2024, down by 29.6% month-over-month. Of the 19 sold homes, 32% were sold under asking, 16% were sold at asking, and 53% were sold over asking.
Days on Market for Cortland County, NY
How long does it take to sell a home in Cortland County, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 15 Days | -54.8% |
Summary: Homes in Cortland County had an average of 15 days on market in Oct 2024, down by 54.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cortland County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in Cortland County; 84% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
IDX Disclaimer/Disclosure: The data on this website relating to real estate for sale comes in part from the IDX Program of the Multiple Listing Service of the Elmira-Corning Regional Association of REALTORS®, Inc. 
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.