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Short Sale Listings in Ithaca, NY

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Ithaca, NY Foreclosures

How much do homes sell for in Ithaca, NY?
The average home price is currently $507,008.
In Ithaca, NY, how many homes are available?
There are currently 12 active home listings available in Ithaca.
What’s the average rental cost in Ithaca, NY?
The average rental price in Ithaca is $1,670.
What is the most expensive home in Ithaca?
The most expensive home sold in Ithaca had a price of $101,635,088.
What is currently the cheapest priced home in Ithaca, NY?
The cheapest home for sale in Ithaca is priced at $10,994.

Living in Ithaca, NY

Ithaca, NY is an idyllic college town known for its picturesque landscape, vibrant community, and rich educational resources. It features numerous outdoor activities, local shops, and an array of dining options, making it a great place for both residents and visitors. With its strong sense of community and commitment to sustainability, Ithaca offers a high quality of life that attracts people from all walks of life.

Current Market Conditions in Ithaca, NY

The real estate market in Ithaca remains very competitive, with a high demand for homes due to its proximity to major educational institutions. Prices have seen steady appreciation over the last few years as more individuals and families seek to establish roots in the area, driven by the appealing lifestyle and job opportunities.

As of now, Ithaca's housing market is characterized by limited inventory with low days on the market. Properties that are in good condition tend to sell quickly, which highlights the ongoing demand in the area. Investors are also starting to take notice of Ithaca's potential due to the continuous influx of residents looking for rental housing.

Home Value Estimator For Ithaca, NY

There are currently 15,223 real estate properties in Ithaca, NY, with a median automated valuation model (AVM) price of $412,151.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Ithaca, NY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Ithaca, NY, is $507,008.00, with the most expensive house in Ithaca, NY, topping out at $101,635,088.00 and the cheapest home in Ithaca, NY, clocking in at $10,994.00. In other words, there’s something for every potential homebuyer or savvy investor in Ithaca, NY!

Rent Prices In Ithaca, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ithaca, NY, is on a rollercoaster ride. The average rent price in Ithaca, NY, is $1,670.00. Indeed, when looking to rent in Ithaca, NY, you can expect to pay as little as $970.00 or as much as $4,110.00, with the average rent median estimated to be $1,650.00. The good news is that finding an affordable and desirable property to rent in Ithaca, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Ithaca, NY Short Sale Listings

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