Business
Tompkins County Reports 12 Home Sales from October 25-31
During the week of October 25 to October 31, 2023, Tompkins County recorded a total of 12 real estate transactions. The median sale price for homes in the area was notably marked by a property on White Church Road in Caroline, which sold for $335,000. This 1,704-square-foot home features three bedrooms and one bathroom, reflecting the region’s ongoing demand for residential properties.
Among the transactions, several properties stood out due to their size and sale price. In Groton, a four-bedroom, two-bathroom home located at 104 E. South St. changed hands for $145,000. This 1,680-square-foot residence sold at $86 per square foot. In contrast, a larger property in Ithaca, measuring 4,270 square feet, was sold for $800,000, making it the highest sale of the week. This property, located at 213 Pleasant Valley Road, includes five bedrooms and five bathrooms, catering to families looking for spacious living.
Highlights of Recent Home Sales
A significant transaction involved the home located at 1106 N. Cayuga St. in Ithaca, which sold for $34,900. This property, although smaller at 1,336 square feet, offers three bedrooms and two bathrooms, showcasing the diversity in available housing options. Another noteworthy sale was at 1311 N. Cayuga St., where T&T Tompkins Prop LLC sold a two-bedroom, one-bathroom home for $78,500.
The range of sales prices illustrates the varying demands across different neighborhoods in the county. For instance, a home on 608 S. Plain St. was acquired for $315,000, while another on 210 Duboise Road sold for $380,550. These properties provide residents with multiple options depending on their budget and space requirements.
Broader Real Estate Trends in Tompkins County
As the real estate market continues to evolve, local trends indicate a steady interest in residential properties. The sales from this week contribute to a broader understanding of market dynamics in Tompkins County. The ongoing sales activity reflects continued investment in the area, highlighting its appeal to both buyers and investors.
With a mix of affordable options and high-end properties, the Tompkins County real estate market remains vibrant. Homebuyers are encouraged to explore various listings to find suitable properties that meet their needs.
For further updates and information regarding real estate transactions, residents can refer to local real estate resources or community boards.
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