URGENT UPDATE: A total of 27 homes were sold in Tompkins County from November 8 to November 14, marking a significant shift in the local real estate market. The median sale price reached $348,000 for a 1,280-square-foot home on Strowbridge Street in Ulysses.
Among the notable transactions, Josh Antoine purchased a 2,098-square-foot property at 2084 Slaterville Road for $270,000. This home features five bedrooms and three bathrooms, showcasing the growing demand for larger living spaces in the area.
Another significant sale was reported at 521 Irish Settlement Road, where Daniel Farrell and Rebecca Benner secured their new home for $725,000. This spacious 2,360-square-foot residence includes three bedrooms and two bathrooms, reflecting the premium buyers are willing to pay for quality homes.
A standout transaction occurred at 40 Turkey Hill Road, where Ingrid Johnston acquired the property for $365,000. The 1,744-square-foot home features four bedrooms and two bathrooms, emphasizing the trend toward family-sized homes in the region.
Newfield saw activity as well, with the sale of a massive 3,478-square-foot home at 1500 Elmira Road for just $9,000. The property, featuring four bedrooms and four bathrooms, raises questions about the circumstances behind such a low sale price.
As buyers continue to flood the market, the average price per square foot is also on the rise. For example, 14 Leifs Way sold for $681,000, translating to $279 per square foot for a four-bedroom home. This trend indicates a competitive market where prices are escalating quickly.
Local real estate agents are urging potential buyers to act swiftly, as the inventory of available homes remains low. The surge in transactions highlights the urgency for those considering a home purchase in Tompkins County.
As we look ahead, potential buyers and sellers should keep an eye on upcoming listings and market changes, as the demand for homes shows no signs of slowing down. The real estate landscape in Tompkins County is evolving rapidly, making it essential for interested parties to stay informed and ready to act.
For further updates on real estate transactions and trends in Tompkins County, stay connected with us as we bring you the latest information.
