$119,000
2.88 Acres
Land
Kristopher Buchan, Listing Office: Tompkins Cortland Real Estate
Is Groton, 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, Groton was a Neutral Market.
Key Takeaway
Groton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Groton, NY
How much do homes in Groton, NY cost?
Median Sold Price
$190,000
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,500(+2.4%)
Key Takeaway
Homes in Groton have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Groton was $190,000 in October 2024, up 2.4% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $155K | $195K | +25.8% |
| 3 Bedrooms | $186K | $225K | +21.0% |
| 4 Bedrooms | $233.2K | $190K | -18.5% |
| 5+ Bedrooms | $849.9K | $129.9K | -84.7% |
Summary: Groton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.8%, 3 bedroom homes increased by 21%, 4 bedroom homes decreased by 18.5%, and 5+ bedroom homes decreased by 84.7%.
Housing Supply in Groton, NY
How many homes are available in Groton, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Summary: The Groton real estate market had 3 homes for sale in October 2024, a 50.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Groton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Groton, 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 Groton in October 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 Groton, NY
How long does it take to sell a home in Groton, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 64 Days | 23 Days | -64.1% |
Summary: Homes in Groton had an average of 23 days on market in Oct 2024, down by 64.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Groton are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Groton; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
