Cortland County Housing Market Report December 2024•Cortland County, New York

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Housing Prices in Cortland County, NY

How much do homes in Cortland County, NY cost?

Housing Market Conditions

Is Cortland County, NY a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Cortland County is a Seller's Market

Difference Since December 2023

Since last year, Cortland County has remained a Seller's Market.

Insight

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

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$183,000$120/SqFt
+$10,500
+6.1%

Based on all homes sold in the last 12 months

Insight

Homes in Cortland County have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in Cortland County was $183,000 in December 2024, up 6.1% from last year, and the median price per square foot was $120.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Madison County
+11.5%
Chenango County
+10.4%
Cortland County
+6.1%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$32K$65K
+103.1%
2$159.9K$153.5K
-4.0%
3$170.9K$193K
+12.9%
4$196K$194K
-1.0%
5$190K$165K
-13.2%

Summary: Cortland County housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +103.1%. The home price for 2 bedroom homes decreased by -4.0%. The home price for 3 bedroom homes increased by +12.9%. The home price for 4 bedroom homes decreased by -1.0%. The home price for 5 bedroom homes decreased by -13.2%.

Housing supply in Cortland County, NY

How many homes are available in Cortland County, NY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
100Last MonthDec 2024
1152 months agoNov 2024
-13.0 %
Change MoMNov – Dec

Summary: The Cortland County real estate market had 100 homes for sale in Dec 2024, a 13.0 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
21Last MonthDec 2024
182 months agoNov 2024
+16.7 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
166
0.0%
22516
-36.0%
33532
-8.6%
43126
-16.1%
51820
+11.1%

Summary: Cortland County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -36.0%. The inventory for 3 bedroom homes decreased by -8.6%. The inventory for 4 bedroom homes decreased by -16.1%. The inventory for 5 bedroom homes increased by +11.1%.

Asking Price vs. Sold Price

How much do homes in Cortland County, NY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price5 Homes

At Asking Price6 Homes

Under Asking Price10 Homes

Insight

If you're buying a home in Cortland County, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Cortland County in December 2024, up by 16.7% month-over-month. Of the 21 sold homes, 48% were sold under asking, 29% were sold at asking, and and 24% were sold over asking.

Days on Market for Cortland County, NY

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

Breakdown of Home Sale Times

Under 30 Days19 Homes

30 – 90 Days2 Homes

Over 90 Days0 Home

Insight

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

Summary: During December 2024, 21 homes were sold in Cortland County; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
15 DaysThis YearDec 2024
27 Days1 year agoDec 2023
-44.0 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Cortland County had an average listing age of 15 days in Dec 2024, down by 44.0% compared to the previous year.

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Newest Listings in Cortland County, NY

What homes are available in Cortland County, NY?

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MLS Disclaimers and Copyright

Based on information from New York State Alliance of MLS, OneKey MLS, and Global MLS for the period 01/01/2023 - 01/01/2025

IDXThe data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally
harmless.

© 2025 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 1/17/2025, 10:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.

Information Copyright 2025, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 1/17/2025, 10:11:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.

Copyright © 2025 Global Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 1/17/2025, 10:21:04 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.