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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kortright is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Kortright was a Neutral Market.

Key Takeaway

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

Housing Prices in Kortright, NY

How much do homes in Kortright, NY cost?

Median Sold Price

$506,450

$289/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$159,450(+46.0%)

Key Takeaway

Homes in Kortright have sold for 46% more than they did a month ago.

Summary: The median home sold price in Kortright was $506,450 in November 2024, up 46% from last month, and the median price per square foot was $289.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $230K-
N/A
3 $347K$349.9K
+0.8%
4 -$663K
N/A
5+ --
N/A

Summary: Kortright housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 0.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Kortright, NY

How many homes are available in Kortright, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
21210.0%

Summary: The Kortright real estate market had 21 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 11
0.0%
3 1210
-16.7%
4 34
+33.3%
5+ 45
+25.0%

Summary: The Kortright 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 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kortright, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Kortright in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Kortright, NY

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

Average Sale Time

Oct 2024Nov 2024CHANGE
11 Days73 Days+544.1%

Summary: Homes in Kortright had an average of 73 days on market in Nov 2024, up by 544.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 2 homes were sold in Kortright; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 17 Days Ago

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