Search homes for sale in Cortlandt Manor, famous for its attractions like Croton Gorge Park, Croton Point Park, and Van Cortlandt Manor.
The Cortlandt Manor housing market shows a moderate level of competitiveness. Last month, the median sale price for a home in the area reached $642,000, reflecting a 4.4% increase compared to the same time last year. However, the median price per square foot decreased significantly, dropping 21.9% year-over-year to $254.
Median Sale Price
Median Sale Price per Sq. Ft.
Total Homes Sold
Median Days on Market
In October 2024, home prices in Cortlandt Manor experienced a 4.4% increase from the previous year, with a median sale price of $642,000. While the market shows resilience in pricing, the average time for homes to sell extended to 28 days, compared to just 22 days a year ago, indicating a slight cooling in buyer urgency. Additionally, only 8 homes were sold this October, a significant decline from 19 in the same month last year. This drop in transactions could reflect limited inventory, changing market dynamics, or more cautious buyer behavior amidst broader economic conditions.
Cortlandt Manor exhibits a moderately competitive housing market, where homes typically sell within 34 days. While not every property attracts heightened interest, some do receive multiple offers, reflecting steady demand. On average, homes sell for about 3% above their list price and go under contract in roughly 34 days. However, hot properties stand out, often selling for up to 8% above the asking price and going pending in a swift 19 days, showcasing strong buyer enthusiasm for highly desirable listings.
In October 2024, Cortlandt Manor, NY is a seller's market, characterized by a higher number of prospective buyers than available homes. This imbalance led to increased competition among buyers, often resulting in multiple offers on properties and sales prices exceeding the initial listings. Such conditions are advantageous for sellers, as they can secure favorable terms and prices for their properties. For buyers, it necessitates prompt decision-making and potentially more flexible negotiation strategies to successfully acquire a home in this competitive environment.
For detailed, up-to-date information on buying a house in Cortlandt Manor, including legal considerations and market trends, you can talk to us.
As of August 2024, the average time on market for Cortlandt Manor homes for sale is 29-35 days, a notable decrease from 36 days in August 2023, showing a 21.5% reduction. However, the time on market can vary by property. Many homes in the area are selling quickly, with 62% of properties going under contract within 30 days, indicating a somewhat competitive market.
In addition to the purchase price, buyers of homes in Cortlandt Manor should anticipate closing costs, which typically range from 2% to 5% of the home's sale price. These may include lender fees, title and escrow fees, home inspection and appraisal costs, attorney fees, property taxes, and homeowners insurance. If the property is part of a homeowners association (HOA), there may also be recurring HOA fees to consider.
Cortlandt Manor is a scenic community known for outdoor attractions like Croton Gorge Park and Van Cortlandt Manor. The area also offers a number of well-regarded public schools, including Blue Mountain Middle School, Furnace Woods Elementary, and Walter Panas High School. For families considering homes for sale in Cortlandt Manor, it’s recommended to research specific schools to find the best fit based on their needs.
Property taxes in Cortlandt Manor vary depending on the assessed value of the home. Westchester County, where Cortlandt Manor is located, is known for having higher-than-average property taxes compared to national norms. If a homeowner believes their property is over-assessed, they have the option to appeal, with the typical deadline for grievances falling around June 18th each year.
To prepare your Cortlandt Manor home for sale, start by decluttering and depersonalizing to allow potential buyers to envision themselves in the space. Deep clean every area, including overlooked spaces, and address any necessary repairs, especially for visible wear and tear. Enhancing curb appeal is crucial, so invest in landscaping and make any needed exterior improvements. Repainting walls in neutral tones can help brighten and open up the space, and professional staging can make rooms appear larger and more inviting. Additionally, organize closets and storage areas to highlight the home's ample storage capacity.
As of August 2024, the median sale price of homes for sale in Cortlandt Manor was $710,000, reflecting a 9.2% increase from the previous year. However, the exact value of your home will depend on various factors such as its location, size, condition, and any unique features it offers. For a more accurate valuation, it's best to consult a local real estate agent familiar with Cortlandt Manor homes for sale to assess your property’s specific attributes.
Your home's assessed value is determined by the local tax assessor and is primarily used for property tax calculations. This value may not reflect current market conditions or any recent upgrades you’ve made to the property. On the other hand, the market value represents what buyers are currently willing to pay for homes for sale in Cortlandt Manor, and this can fluctuate based on demand, location, and the condition of your home. Assessed values are often lower than market values due to the difference in their purposes.
Real estate commission fees typically range from 5-6% of the final sale price of the home, and these fees are usually divided between the buyer's and seller's agents. While this is standard, commissions can be negotiable depending on the agreement you have with your agent. Some sellers may also choose to use agent-matching services or alternative platforms to potentially lower these costs.
It's advisable to focus on essential repairs and cost-effective upgrades that will attract buyers to your Cortlandt Manor home for sale. Address any structural issues or problems with major systems like plumbing or electrical. If your kitchen is outdated, consider updating appliances or countertops. Bathrooms showing wear and tear should also be refreshed. Worn flooring or carpeting should be replaced, and improving energy efficiency through window upgrades or better insulation can also be a smart investment to appeal to buyers.
When selling your Cortlandt Manor home, effective marketing is key to attracting potential buyers. This includes professional photography to showcase your home’s best features, a strong online presence on popular real estate platforms, and virtual tours for an immersive experience. Social media promotions, open houses, and targeted local advertising can further enhance visibility. Networking with other agents also helps increase exposure. By employing these strategies with the help of a local agent, you can maximize your chances for a quick and successful sale.
Whether you're curious about the market, searching for your dream home, or considering an investment, we're here to provide the insights and assistance you need. Contact us now to uncover the latest listings and exclusive opportunities in Cortlandt Manor. Our team is dedicated to guiding you through the process, ensuring a smooth and satisfying experience.
Embark on a journey through Cortlandt Manor and uncover the beauty and opportunities this unique neighborhood has to offer. From serene landscapes to vibrant community life, our comprehensive Neighborhood Guide is your key to exploring all the hidden gems and must-see spots. Whether you're considering making Cortlandt Manor your home or simply wish to learn more about this captivating area, our guide is the perfect starting point.
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