The Central New York (CNY) housing market continues to show strong fundamentals entering February 2026. While inventory remains elevated compared to smaller submarkets, buyer activity is steady, pricing remains resilient, and homes are selling close to asking price.
Below is a breakdown of the most recent market data.
Home Prices in CNY
The median home price (year-over-year) is $255,000, reflecting an 8.5% increase compared to the same time last year. This indicates steady appreciation across the broader Central New York region.
On a month-over-month basis, the median home price is $254,000, up from $250,000 the previous month, showing short-term price stability with slight upward momentum.
This combination of annual appreciation and modest monthly growth suggests a market supported by fundamentals rather than volatility.
Inventory and New Listings
CNY currently has:
- 873 total homes for sale, down from 936 the previous month
- 384 new listings, up from 275 the previous month
While total inventory declined month-over-month, the surge in new listings indicates continued seller participation. This provides buyers with more options compared to tighter submarkets, even as overall supply trends downward.
Homes Sold and Market Activity
A total of 371 homes sold, compared to 520 the previous month.
Despite fewer closings, the market remains active:
- Average days on market: 11 days, up from 9 days previously
Homes are still moving quickly, with properties typically going under contract in under two weeks. This reflects ongoing buyer demand across the region.
Sale-to-List Price Ratio
The current sale-to-list price ratio is 100.0%, unchanged from the previous month.
This means homes are selling, on average, at asking price. Sellers are pricing accurately, and buyers are willing to meet market value when homes are positioned correctly.
Mortgage Rate Environment
Mortgage rates remain in the range of 5.65% to 5.85% for qualified buyers.
While higher than historic lows, this rate band has remained relatively stable, allowing buyers to plan strategically rather than react to sudden rate shifts.
What This Means for Sellers
- Year-over-year appreciation remains strong (8.5%)
- Homes are selling at asking price on average
- Market time remains short at 11 days
Well-prepared and competitively priced homes continue to perform well.
What This Means for Buyers
- Inventory is higher than tighter submarkets, offering more selection
- Homes are still moving quickly, requiring readiness
- Stable rates allow for calculated decision-making
Preparation, financing strength, and market awareness remain key advantages.
CNY Market Outlook
The February 2026 data shows a balanced but active regional market. Prices continue to appreciate year-over-year, inventory is adjusting but not flooding the market, and homes are selling efficiently.
As always, local market data matters more than national headlines. Central New York continues to demonstrate resilience, steady demand, and pricing supported by real buyer activity.