Ithaca, NY Home Values & Market Trends
Real estate market trends reflect that there have been 543 transactions over the past year in Ithaca. The median value for residential home transactions that occurred over the previous year is $351,027.77. The number of current listings in Ithaca is 92, and the percentage of properties for sale in the city is 92.00%. Ithaca, NY currently has 21 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 92 properties for sale.
Ithaca, NY Real Estate Market Overview
Housing Market Summary for Ithaca, NY
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $384K | $344.6K | -10.26% |
| Median Sold Price | $337.8K | $344.6K | 2.01% |
| Homes For Sale | 87 | 68 | -21.84% |
| Homes Sold | 209 | 190 | -9.09% |
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 Ithaca, NY
Browse Homes in Ithaca, NY
Ithaca home values range from $22,999 to $3,397,245. The median estimated value of a home in Ithaca is $351,027.77. The median list price of a home is 409,500, and the total count of properties in the city is 12,621.
- Pre-ForeclosurePre-foreclosure homes account for 0.17% of all residential properties in Ithaca, NY with 14850 containing 21 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 3 zips within Ithaca, NY; of those zips, the estimated home value for pre-foreclosure homes ranges from $563,800 in 14850 to the lowest home value of $84,900 in 14850.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Ithaca, NY ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Ithaca, NY. There are 3 zips within Ithaca, NY; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Ithaca, NY. Auction homes and other auction properties account for 0% of all properties in Ithaca, NY. There are 3 zips within Ithaca, NY; of those zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
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More Real Estate Resources for Ithaca, NY
Guide for Ithaca, 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.
