Market Intelligence Report — NY-660

Cortland, NY

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

Ref. No: 2026-NY-08
As of the latest 2026 data
Very Competitive

Median Listing

$239K
+17.7% YoY

Pending Ratio

1.52
-34.7% YoY

Active Inventory

75
+25.0% YoY

Median DOM

49 Days
-10.9% YoY

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The Cortland market remains Highly Competitive with a pending ratio of 1.52, indicating significant demand absorption relative to available inventory. Active listings have expanded by 25.0% year-over-year, yet this growth is still being outpaced by buyer activity.

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 currently stand at 75, a 25.0% increase over the past year, while new listings have seen a substantial 42.9% rise. Despite this increase in available supply, the median listing price has appreciated by 17.7% year-over-year, reaching $239,000. Demand, as reflected by the pending ratio, indicates strong absorption, even with a year-over-year decline in the pending ratio of 34.7%.

Historical Analysis

Market Trends

Median Price

$239K+10.1% MoM

Active Inventory

75+25.0% YoY

Days on Market

49-10.9% YoY

Sold Score™

73-34.7% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

73
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 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 elevated pending ratio of 1.52 suggests that properties are being absorbed quickly, exerting upward pressure on pricing. While inventory has increased over the past year, the pace of sales continues to limit options for prospective purchasers. This environment necessitates timely offers and strong price discipline from interested parties.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

75 active listings represent the current floor, with new supply arriving at roughly 40 per month.

Pricing Pressure
14.3%

of active listings carry a price reduction, +4.4% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +7.8% year-over-year.

Absorption
1.52

Pending-to-active ratio — Very Competitive.

Recommended For This Market

Very Competitive

Selling in Cortland, NY? Homes here are taking 6 days less 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
152%
Median Days on Market
49 days
Inventory YoY
+25%

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