Market Intelligence Report — NY-060

Ithaca, 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

$399K
-0.1% YoY

Pending Ratio

0.86
-25.2% YoY

Active Inventory

211
+8.2% YoY

Median DOM

46 Days
-9.8% YoY

Primary Intelligence Tool — Sold Score™

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The Ithaca housing market continues to exhibit highly competitive conditions, driven by a pending ratio of 0.86, indicating robust demand relative to available inventory. Despite a slight monthly decline in median listing price, overall market dynamics suggest strong absorption of listings.

Local Market Signals

Source: FRED (St. Louis Fed)

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

Job Market

4.4%+0.3 pp YoY

Unemployment rate · Sep 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

104,047-0.3% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Ithaca market right now.

Inventory levels have seen an increase year-over-year, with active listings up by 8.2% and new listings rising by 8.6%. However, demand signals remain strong, as evidenced by a pending ratio of 0.86. The median listing price has experienced a marginal year-over-year decrease of 0.1%, yet month-over-month saw a 2.6% decline, suggesting some localized price adjustments within an otherwise tight market.

Historical Analysis

Market Trends

Median Price

$399K-2.6% MoM

Active Inventory

211+8.2% YoY

Days on Market

46-9.8% YoY

Sold Score™

84-25.2% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

84
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 rapid pace of sales, with a median days on market at 46 and strong pending ratio, suggests limited negotiating room for buyers. Despite an increase in inventory, the high absorption rate places upward pressure on price discipline, favoring sellers. Buyers face a market where prompt decisions are often necessary due to sustained demand.

Luxury Segment

The average listing price increased by 3.9% year-over-year to $514,027, while the median listing price saw a minor decline. The median $/sqft also rose by 3.6% year-over-year to $213. This indicates that higher-priced segments are generally maintaining or increasing value, contributing to a widening average versus median spread, suggesting continued strength in the luxury tier.

Supply Dynamics

211 active listings represent the current floor, with new supply arriving at roughly 76 per month.

Pricing Pressure
14.1%

of active listings carry a price reduction, +1.4% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +3.6% year-over-year.

Absorption
0.86

Pending-to-active ratio — Very Competitive.

Recommended For This Market

Very Competitive

Selling in Ithaca, NY? Homes here are taking 5 days less to sell than last year.

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

Buyer Demand Index
86%
Median Days on Market
46 days
Inventory YoY
+8%

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

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The Monthly Briefing

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Metro Demographics

Metro Area
Ithaca, NY
CBSA Code
27060
State
NY
Analysis FAQ
  • What is the current market condition in Ithaca?+

    As of the latest 2026 data, the Ithaca metro is classified as Very Competitive. Pending ratio is 0.86 with median days on market at 46.

  • Are home prices dropping in Ithaca?+

    Median listing price is $399K, -0.1% year over year. 14.1% of active listings carry a price reduction.

  • How fast are homes selling in Ithaca?+

    The typical listing sits 46 days on market, a -9.8% change YoY. New listings are arriving at 76 per month.

  • What's happening in the Ithaca luxury market?+

    The average listing price increased by 3.9% year-over-year to $514,027, while the median listing price saw a minor decline. The median $/sqft also rose by 3.6% year-over-year to $213. This indicates that higher-priced segments are generally maintaining or increasing value, contributing to a widening average versus median spread, suggesting continued strength in the luxury tier.

  • Where can I find a trusted Ithaca real estate expert?+

    Primpted maintains a vetted registry of Ithaca agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 27060 · 36mo history