Market Intelligence Report — NY-660

Cortland, NY

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-NY-09
As of the latest 2026 data
Very Competitive

Median Listing

$232K
+22.3% YoY

Pending Ratio

1.38
+5.6% YoY

Active Inventory

77
+15.0% YoY

Median DOM

59 Days
+15.2% YoY

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The Cortland market exhibits a highly competitive demand environment, characterized by a pending ratio of 1.38, indicating demand significantly outstripping available inventory. This dynamic is occurring amidst a notable 22.3% year-over-year increase in the median listing price, reflecting substantial upward price momentum.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Cortland market right now.

Active listings have seen a 15.0% expansion over the past year, reaching 77 units, yet this growth has been insufficient to meet robust demand. New listings, conversely, have declined by 7.7% year-over-year, further constraining supply. The pending ratio has risen by 5.6% year-over-year, signaling an intensification of market competition. Median days on market increased 15.2% year-over-year to 59 days, and the price-reduced share saw a modest 3.9% year-over-year reduction to 11.7%.

Historical Analysis

Market Trends

Median Price

$232K-2.7% MoM

Active Inventory

77+15.0% YoY

Days on Market

59+15.2% YoY

Sold Score™

80+5.6% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

80
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The pronounced imbalance, evidenced by a pending ratio of 1.38 and a limited 77 active listings, places significant pressure on the pace of transactions. Market participants face an environment with reduced negotiating flexibility due to robust demand absorption, requiring swift engagement and price discipline.

Luxury Segment

Average listing prices have increased 8.2% over the past year to $269,660, while median $/sqft has risen 6.2% to $138. The spread between average and median listing prices is present, but there is no distinct signal of softening in the higher-price tier within this dataset.

Supply Dynamics

77 active listings represent the current floor, with new supply arriving at roughly 24 per month.

Pricing Pressure
11.7%

of active listings carry a price reduction, -3.9% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +6.2% year-over-year.

Absorption
1.38

Pending-to-active ratio — Very Competitive.

Recommended For This Market

Very Competitive

Selling in Cortland, NY? Homes here are taking 8 days longer to sell than last year.

Demand in Cortland, NY is outpacing supply. Well-prepared listings are still clearing quickly — pricing to the current pace matters more than waiting.

Buyer Demand Index
138%
Median Days on Market
59 days
Inventory YoY
+15%

Demand is strong in Cortland, NY. Check your Sold Score before you price — conditions this favorable don't hold forever.

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Metro Demographics

Metro Area
Cortland, NY
CBSA Code
18660
State
NY