UPDATE: Cortland County’s real estate market is buzzing with activity as eight homes were sold between December 1 and December 7, 2023. The median sale price of these homes reached $167,500, highlighting a robust market amid ongoing economic changes.
The standout transaction was a 1,512-square-foot home on Galatia Street in Marathon, which sold for $167,500. This sale underscores the demand for quality homes in the area, reflecting a shift in buyer interest.
Other notable sales include:
– Cortland Weldon Homes LLC purchased a 3,232-square-foot home at 24 Union St. for $155,000, translating to just $48 per square foot. This property boasts five bedrooms and three bathrooms.
– Jepson Ordway and Sharon Ordway acquired a 1,824-square-foot property at 45 Evergreen St. for $215,000, or $118 per square foot, featuring three bedrooms and two bathrooms.
– Jeremy Brown obtained a 960-square-foot home at 120 Route 200 for $73,000, with three bedrooms and one bathroom, indicating continued affordability in certain segments of the market.
Additional transactions included:
– A sale at 5101 Foster Road for $395,000, featuring four bedrooms and three bathrooms.
– A historic six-bedroom home at 1 Brink St. sold for $130,000, showcasing the diversity of properties available.
These transactions highlight a dynamic housing market in Cortland County that is attracting both families and investors. The significant number of sales indicates a shift in buyer confidence as the holidays approach, and families seek new homes.
Local real estate experts emphasize that the current market conditions may lead to further price adjustments as inventory fluctuates. Buyers and sellers alike are advised to stay informed about ongoing trends.
As the real estate landscape continues to evolve, keep an eye out for future updates, particularly as more homes are expected to hit the market. The urgency for buyers to act quickly is palpable, as properties are moving fast in this competitive environment.
Stay tuned for more updates on local real estate trends and sales figures.
