Residential real estate activity in Cortland County has picked up with two notable sales recorded between September 27 and October 10, 2023. Topping the list is a property in Cortlandville, which sold for an impressive $305,000. Overall, the average sale price for homes in the area during this period was $215,000, with an average price per square foot of $119.
Highlights of Recent Sales
The most expensive sale was a single-family home located at 3671 Delaware Ave. in Cortlandville. The residence, built in 1956, boasts a living area of 1,636 square feet and features three bedrooms and two bathrooms. It sold for $305,000, translating to a price of $186 per square foot. The transaction was finalized on September 8, 2023.
Another property that contributed to the market activity is a detached house situated at 53 Morningside Drive in Cortland. This home, constructed in 1978, encompasses 1,952 square feet and includes four bedrooms and three bathrooms. It was sold for $125,000, which equates to $64 per square foot, also finalized on September 8, 2023.
Market Trends and Insights
Cortland County’s real estate market reflects a growing interest, evidenced by these recent sales. The data indicates a competitive environment, particularly for properties priced above the average. While only two homes were sold in this reporting period, the prices illustrate the potential for upward trends in the market.
Further insights into the regional real estate landscape reveal that Cortland County is not alone in its activity. Neighboring areas have also experienced significant sales, with reports highlighting rising home values across various towns. This trend suggests a broader recovery in the housing market, as demand continues to shift.
As real estate dynamics evolve, residents and potential buyers alike are encouraged to stay informed about market movements. The recent sales are a clear indication of the changing tides in Cortland County, making it a noteworthy area for those interested in residential property.