Cortland County, NY Home Values & Market Trends
The median home price in Cortland County, NY is $158,070.29. There were 592 home sales in Cortland County, NY over the past 12 months. The median residential Cortland County, NY home value for transactions over the previous year is $125,516. The number of current listings in Cortland County, NY is 32, and the percentage of properties for sale is 32.00%. The county has 44 foreclosures, 1 bank owned properties, 5 headed for auction, and 32 properties for sale.
Cortland County, NY Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Cortland | $ 175,466 $ 122/sqft | Harford | $ -- $ -- |
| Cincinnatus | $ 232,000 $ 79/sqft | Truxton | $ -- $ -- |
| Homer | $ 209,900 $ 136/sqft | Willet | $ -- $ -- |
| Marathon | $ 219,000 $ 96/sqft | Mc Graw | $ -- $ -- |
| Preble | $ -- $ -- | Little York | $ -- $ -- |
Housing Market Summary for Cortland County, NY
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $155.9K | $168K | 7.73% |
| Median Sold Price | $145K | $168K | 15.86% |
| Homes For Sale | 26 | 26 | - |
| Homes Sold | 264 | 270 | 2.27% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Cortland County, NY
Browse Homes in Cortland County, NY
Cortland County, NY home values range from $19,222 to $1,823,009. Cincinnatus is the priciest city with a median listing home price of $229,000, and Cortland is most affordable with average house prices of around $179,500.
- Pre-ForeclosurePre-foreclosure homes account for 0.29% of all residential properties in Cortland County, NY with Cortland containing 20 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 10 cities within Cortland County, NY; of those cities, the estimated home value for pre-foreclosure homes ranges from $221,085 in Marathon to the lowest home value of $68,655 in Mc Graw.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Cortland County, NY ranges from the highest value of $0 in Little York to the lowest value of $0 in Cortland. Bank owned homes and properties account for 0.01% of properties in Cortland County, NY. There are 10 cities within Cortland County, NY; Cortland containing 0 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsCortland has 4 auction properties, the highest number of properties going to auction in a single city in the state of Cortland County, NY. Auction homes and other auction properties account for 0.04% of all properties in Cortland County, NY. There are 10 cities within Cortland County, NY; of those cities, the median estimated home value for homes going to auction ranges from $138,202 in Mc Graw to the lowest value of $110,145 in Mc Graw.
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Guide for Cortland County, NY
The real estate market in Syracuse, New York is experiencing a surge in property values and sale prices, with homes typically selling above their listed prices.
The Albany real estate market from April 2023 to March 2024 showed a clear positive trend, with rising property values and sale prices offset by fluctuating property counts.
Amid rapid fluctuations in the Rochester real estate sector, a steady increase in the average sale price per square foot has been observed from March 2023 to February 2024. Surrounding cities like East Rochester, Webster, Penfield, Spencerport, and West Henrietta have experienced unique trends, providing a diverse regional real estate climate.
New York City’s real estate market from August 2023 to January 2024 witnessed roughly an 8% increase in average property values, along with fluctuations in per square foot values and sold prices.