Is Ithaca, NY 14850 a buyer’s or seller’s market?

The Ithaca housing market right now

In the three months ending August 31, 2026, 28% of homes in Ithaca, NY 14850 sold above their list price, the typical home went under contract in 60 days and there were 3.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 156 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 39%, homes sold more slowly (58 days then) and the median sale price rose 3% to $503,532. Overall, Ithaca is less competitive than a year ago, which gives buyers more room.

Within Tompkins County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in 75%. On our competition score, Ithaca ranks #473 of 649 NY ZIP codes with enough sales (score 47 out of 100).

Nearby, buyers who want less competition could look at Trumansburg 14886 (17% sold over asking) or Groton 13073 (25% sold over asking), while Slaterville Springs 14881 (67% sold over asking) and Dryden 13053 (55% sold over asking) are even more competitive.