The Cortland County residential real estate market recorded 14 property sales last week, with an average transaction price of $222,964. A single-family home in Homer secured the highest sale price at $377,500, highlighting activity at the upper end of the local market.
These transactions, officially recorded during the week of September 20, reflect an average price per square foot of $122 across all sales. The data provides a snapshot of recent housing market dynamics in the region, showcasing a range of property types and values.
Key Takeaways
- A home at 2 Staci Lane in Homer was the most expensive sale at $377,500.
- 14 residential properties were sold in Cortland County last week.
- The average sale price was $222,964 for the period.
- The average price per square foot across all sales was $122.
- Sales spanned various communities, including Homer, Cortland, Cortlandville, and Willet.
Market Overview for Cortland County
Recent real estate data from Cortland County shows consistent market activity. The 14 sales recorded last week demonstrate a steady flow of transactions. The average price of $222,964 indicates a market that accommodates a variety of budgets, while the top sales suggest healthy demand for higher-valued properties.
The average cost per square foot, a key metric for evaluating property value, stood at $122. This figure helps buyers and sellers gauge pricing trends relative to home size and condition. It serves as a baseline for understanding property valuation within the county.
Understanding the Data
The sales figures listed are based on title recording dates from the week of September 20. It is important to note that the actual purchase agreement and closing may have occurred on an earlier date. Public records reflect when the deed is officially filed with the county.
Top-Tier Sales Analysis
The upper bracket of the market was led by three properties in Homer, all selling for $375,000 or more. The top sale, a 2,128-square-foot home on Staci Lane built in 1993, sold for $377,500. This modern home features three bedrooms and three bathrooms, and its price per square foot was $177.
Two other properties also reached the $375,000 mark. One, a 2,280-square-foot house on State Route 281, was built in 1963 and sold for $164 per square foot. The other, a much larger and older home on Route 11, offered 3,976 square feet of living space. Built in 1850, its sale price equated to a lower $94 per square foot, reflecting the different valuation metrics applied to historic properties.
Historical Properties in High Demand
Several homes sold last week were built in the 19th and early 20th centuries, including a residence on Route 11 in Homer dating back to 1850. The continued sale of these older homes indicates a sustained interest in historical architecture within Cortland County.
Detailed Breakdown of Recent Sales
The following list details the ten most expensive residential real estate sales recorded in Cortland County last week, ranked from highest to lowest price. Each entry includes key details such as address, price, size, and year of construction.
1. $377,500 in Homer
A single-family residence at 2 Staci Lane became the week's top sale. The 2,128-square-foot house, built in 1993, includes three bedrooms and three bathrooms. The final price breaks down to $177 per square foot. The deal was finalized on August 29.
2. $375,000 in Homer
A home located at 5448 State Route 281 sold for $375,000. This 2,280-square-foot house was constructed in 1963 and features three bedrooms and three bathrooms. The price per square foot was $164. The sale was completed on September 4.
3. $375,000 in Homer
Tied for the second spot, a large residence at 5787 Route 11 also sold for $375,000. This historic home, built in 1850, offers 3,976 square feet of space with four bedrooms and two bathrooms. Its price per square foot was $94. The transaction was finalized on September 4.
4. $310,000 in Cortland
A single-family house at 16 Locust Ave. sold for $310,000. Built in 1965, the 1,340-square-foot home has two bedrooms and one bathroom. This sale resulted in a price of $231 per square foot, the highest on this list. The deal closed on August 28.
5. $255,000 in Willet
The property at 318 Fish Hill Road in Willet changed hands for $255,000. The 1,236-square-foot residence was built in 1987 and includes two bedrooms and one bathroom. The price per square foot was calculated at $206. This sale was finalized on August 28.
Mid-Range Market Activity
Properties priced between $180,000 and $240,000 also saw significant activity, representing the core of the market for many buyers in the area. These sales were concentrated in Cortland and Homer and included a mix of property ages and sizes.
This segment of the market is crucial for overall housing stability, providing options for first-time homebuyers and families. The sales reflect a healthy demand for well-maintained, moderately priced homes across the county.
6. $236,000 in Cortland
A house at 208 Groton Ave. found new owners for a price of $236,000. The 1,592-square-foot home was built in 1949 and contains three bedrooms and two bathrooms. The price per square foot was $148. The sale was finalized on August 29.
7. $235,500 in Homer
A residence at 2685 State Route 13 sold for $235,500. This large 2,556-square-foot home dates back to 1900 and has four bedrooms and one bathroom. The sale price equates to $92 per square foot. The transaction was completed on August 28.
8. $187,000 in Cortland
The property at 11 Randall St. sold for $187,000. The 1,507-square-foot single-family home was built in 1920 and features four bedrooms and two bathrooms. The price per square foot was $124. This deal was finalized on September 4.
9. $180,000 in Cortland
A sale was finalized for the house at 22 Hyatt St. for $180,000. Built in 1928, the home has 1,584 square feet of living area, four bedrooms, and two bathrooms. The price per square foot was $114. The transaction closed on August 28.
10. $165,000 in Cortlandville
Rounding out the top ten, a detached house at 1368 E. River Road sold for $165,000. The 1,088-square-foot home, constructed in 1900, includes three bedrooms and two bathrooms. The final price came to $152 per square foot. The deal was finalized on August 28.
