Ithaca, NY metro area Housing Market
Cold MarketComprehensive housing market data for the Ithaca, NY metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$360K
↓ 1.4% YoY
Days on Market
71 days
↑ 26.8% YoY
Active Inventory
173
↑ 14.6% YoY
Homes Sold
36
– 0.0% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Ithaca, NY metro area Market Summary
The Ithaca, NY metro area housing market is cooling down. As of March 2026, the median home sale price is $360K, down 1.4% year-over-year. Homes are spending a median of 71 days on the market, 26.8% longer than a year ago.
There are 173 homes for sale — 14.6% more than last year. With 4.8 months of supply, this is a balanced market. 98 new listings were added during this period, up 11.4% year-over-year.
Homes are selling for 97.2% of their list price on average, suggesting room for negotiation. 16.7% of homes sell above their asking price. 15.6% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
73
Contributing Factors
How This Market Compares
vs. National Median
vs. New York Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. Prices are 18% below the national median, which could indicate stronger cash flow potential.
Ithaca, NY metro area Market Trends
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Detailed Market Metrics
Median List Price
$433K
Price per Sq Ft
$218
Sale-to-List Ratio
97.2%
Months of Supply
4.8
Sold Above List
16.7%
Price Drops
15.6%
New Listings
98
↑ 11.4% YoY
Pending Sales
77
Off Market in 2 Weeks
57.1%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.