Market Intelligence Report — NY-060

Ithaca, 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

$410K
-3.5% YoY

Pending Ratio

0.95
-28.0% YoY

Active Inventory

202
+8.0% YoY

Median DOM

59 Days
+28.3% YoY

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Ithaca's housing market remains highly competitive, evidenced by a pending ratio of 0.95. This indicates that demand continues to strongly outpace available inventory, despite a year-over-year contraction of 28.0% in the pending ratio.

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

4.2%+0.1 pp YoY

Unemployment rate · Jul 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.

Active listings have seen an 8.0% increase over the past year, while new listings grew by 15.8%, contributing to a modest expansion of available supply. However, the median listing price declined by 3.5% year-over-year, and month-over-month price reductions of 4.7% suggest some adjustments. Median days on market have extended by 28.3% compared to the prior year.

Historical Analysis

Market Trends

Median Price

$410K-4.7% MoM

Active Inventory

202+8.0% YoY

Days on Market

59+28.3% YoY

Sold Score™

80-28.0% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

80
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 current pace of sales, as reflected by the high pending ratio, suggests continued upward pressure on transaction velocity. While inventory is expanding, the rate of demand absorption limits opportunities for prolonged negotiations, indicating a market where properties transition quickly. Price discipline remains important as the market navigates evolving conditions.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

202 active listings represent the current floor, with new supply arriving at roughly 88 per month.

Pricing Pressure
11.6%

of active listings carry a price reduction, +0.8% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +3.4% year-over-year.

Absorption
0.95

Pending-to-active ratio — Very Competitive.

Recommended For This Market

Very Competitive

Selling in Ithaca, NY? Homes here are taking 13 days longer 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
95%
Median Days on Market
59 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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Metro Demographics

Metro Area
Ithaca, NY
CBSA Code
27060
State
NY