Ithaca-area home prices fall 4.9% in April, with houses for sale in high demand
A typical Tompkins County home listed for $375,000 in April, down 4.9% from a month earlier, an analysis of data from Realtor.com shows.
The median list home price in April was up about 21% from April 2021. Tompkins County's median home was 2,052 square feet for a listed price of $180 per square foot.
The Tompkins County market was busy, with a median 22 days on market. A month earlier, homes had a median 15 days on market. The market added 108 new home listings in April, compared with the 72 added in April 2021. The market ended the month with some 71 listings of homes for sale.
Information on your local housing market is available through the USA TODAY Network, with more data from Realtor.com.
What were Ithaca-area home prices in April? Here's a county-by-county breakdown
Tioga County's home prices rose 0.9%, to a median $219,000, from a month earlier. The typical house was on the market for 47 days, from 49 days a month earlier. The typical 2,160-square-foot house had a list price of $105 per square foot.
Cayuga County's home prices rose 17.4%, to a median $199,400, from a month earlier. The typical house was on the market for 29 days, from 65 days a month earlier. The typical 1,800-square-foot house had a list price of $109 per square foot.
Schuyler County's home prices fell 9.8%, to a median $249,900, from a month earlier. The typical house was on the market for 30 days, from 71 days a month earlier. The typical 1,815-square-foot house had a list price of $126 per square foot.
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Database: New York Real Estate Market Report
Across all of New York, median home prices were $699,000, rising 1.4% from a month earlier. The median New York home for sale had 1,493 square feet at list price of $488 per square foot.
Across the United States, median home prices were $425,000, up 5% from a month earlier. The median American home for sale had 1,821 square feet, listed at $220 per square foot.
The median home list price — the midway point of all the houses or units listed over a period of time — is used more often in this report instead of the average home list price because experts say the median offers a more accurate view of what's happening in a market. In finding the average price, all prices of homes listed are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from the Realtor.com residential listings database.. The story was written by Mike Stucka and Sean Lahman.
This article originally appeared on Ithaca Journal: Ithaca-area homes for sale drop to $375,000 median price
