$5,463 Closing Credit*
$460,000
2,720 SqFt
6 Beds
•4 Full Baths
Linda M Simons, Listing Office: ERA Team VP Real Estate
Is Cuba, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Cuba has remained a Seller's Market.
Key Takeaway
Cuba is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cuba, NY
How much do homes in Cuba, NY cost?
Median Sold Price
$140,000
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,500(+8.1%)
Key Takeaway
Homes in Cuba have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Cuba was $140,000 in November 2024, up 8.1% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $65K | +8.3% |
| 2 Bedrooms | $133.3K | $99K | -25.8% |
| 3 Bedrooms | $129K | $160K | +24.0% |
| 4 Bedrooms | $140K | $275K | +96.4% |
| 5+ Bedrooms | $210K | $108K | -48.6% |
Summary: Cuba housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes decreased by 25.8%, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 96.4%, and 5+ bedroom homes decreased by 48.6%.
Housing Supply in Cuba, NY
How many homes are available in Cuba, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 19 | -5.0% |
Summary: The Cuba real estate market had 19 homes for sale in November 2024, a 5.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Cuba 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 20%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 7 | +100.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cuba, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Cuba in November 2024, up by 100.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.
Days on Market for Cuba, NY
How long does it take to sell a home in Cuba, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 45 Days | +174.3% |
Summary: Homes in Cuba had an average of 45 days on market in Nov 2024, up by 174.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cuba has remained consistent over time.
Summary: During November 2024, 7 homes were sold in Cuba; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
