Is Cortlandt Manor, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cortlandt Manor is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Cortlandt Manor has remained a Seller's Market.

Key Takeaway

Cortlandt Manor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cortlandt Manor, NY

How much do homes in Cortlandt Manor, NY cost?

Median Sold Price

$630,000

$310/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$90,500(+16.8%)

Key Takeaway

Homes in Cortlandt Manor have sold for 16.8% more than they did a year ago.

Summary: The median home sold price in Cortlandt Manor was $630,000 in October 2024, up 16.8% from last year, and the median price per square foot was $310.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $175K$132.8K
-24.1%
2 $415K$460.5K
+11.0%
3 $525K$600K
+14.3%
4 $680K$795K
+16.9%
5+ $670K$800K
+19.4%

Summary: Cortlandt Manor housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.1%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 19.4%.

Median Sold Price Compared To Nearby Cities

Cortlandt Manor
+16.8%
Cortlandt
+14.6%
Mohegan Lake
+11.4%
Peekskill
+5.6%

Housing Supply in Cortlandt Manor, NY

How many homes are available in Cortlandt Manor, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7380+9.6%

Summary: The Cortlandt Manor real estate market had 80 homes for sale in October 2024, a 9.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 43
-25.0%
2 1819
+5.6%
3 3136
+16.1%
4 1819
+5.6%
5+ 23
+50.0%

Summary: The Cortlandt Manor housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1016+60.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cortlandt Manor, you could pay more than the asking price. 68.8% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in Cortlandt Manor in October 2024, up by 60.0% month-over-month. Of the 16 sold homes, 25% were sold under asking, 6% were sold at asking, and 69% were sold over asking.

Days on Market for Cortlandt Manor, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days27 Days0.2%

Summary: Homes in Cortlandt Manor had an average of 27 days on market in Oct 2024, up by 0.2% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cortlandt Manor are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 16 homes were sold in Cortlandt Manor; 69% of homes were sold within 30 days, 31% 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 16 Days Ago

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