In spite of the bitter cold temperatures the real estate market in Trumansburg is starting to warm up.

Currently there are 18 residential properties listed for sale in the entire Trumansburg School District via the Ithaca Board of REALTOR MLS.   Prices range from lowest being $124,500 to highest $875,000.   The median, or middle price, is $249,450 with the average listed price being $317,300.  The two highest priced properties ($597,000 and $875,000) are skewing the average on the high side; thus the big difference between the median and average listed price.

There are currently 5 Trumansburg residential properties under contract ranging in price from $57,500 to $385,000.

There have been 5 sold properties YTD in Trumansburg.  (See graph below for year over year comparisons) with the average sale price of $217,480 and average days on market (DOM) of 165.

It’s shaping up to be a solid year for real estate in Trumansburg.  Demand is high and inventory is low in comparison to demand.  If you are thinking of selling, this could be the year to list your house.