The median home in Tompkins County listed for $420,000 in June, down 10.4% from the previous month's $468,500, an analysis of data from Realtor.com shows.
Compared to June 2023, the median home list price stayed the same as $420,000.
The statistics in this article only pertain to houses listed for sale in Tompkins County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at data.ithacajournal.com.
Tompkins County's median home was 2,190 square feet, listed at $197 per square foot. The price per square foot of homes for sale is up 6.5% from June 2023.
Listings in Tompkins County moved briskly, at a median 32 days listed compared to the June national median of 45 days on the market. In the previous month, homes had a median of 28 days on the market. Around 76 homes were newly listed on the market in June, a 5.6% increase from 72 new listings in June 2023.
The median home prices issued by Realtor.com may exclude many, or even most, of a market's homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales.
Across the Ithaca metro area, median home prices fell to $422,500, down 0.1% from a month earlier. The median home had 2,175 square feet, at a list price of $197 per square foot.
In New York, median home prices were $699,000, the same as May. The median New York home listed for sale had 1,635 square feet, with a price of $412 per square foot.
Throughout the United States, the median home price was $445,000, a slight increase from the month prior. The median American home for sale was listed at 1,868 square feet, with a price of $233 per square foot.
The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what's happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly 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 Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu.
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