Comprehensive market data and analysis• Updated Dec 2025
19.9 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 2 | 4 |
| 1-2 acres | 1 | 5 | 8 | 9 |
| 2-5 acres | 1 | 3 | 4 | 4 |
| 5-10 acres | - | - | - | 1 |
| 10-20 acres | - | - | - | 3 |
| 20-50 acres | - | - | 1 | 3 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 2 | 8 | 15 | 24 |
Acreage buckets
The median price for land in Ithaca, New York is currently $38K per acre. For a typical parcel, the median sale price is $108K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $59K while premium lots reached $189K.
Ithaca, New York is currently a strong buyer's market with 19.9 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 26.8% year-over-year.
Ithaca, New York currently has 19.9 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The current absorption rate in Ithaca, New York is 5.0% (3-month basis), indicating slow demand. With depreciating values (-26.8% YoY), buyers may find value opportunities. The top-performing broker in this market is Warren Real Estate of Ithaca Inc..
The 3-month absorption rate in Ithaca, New York is 5.0%. The 12-month rate is 3.8%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
There are currently 53 active listings in Ithaca, New York. 9 new listings have hit the market in the last 90 days. The median asking price is $160K.
The median land price in Ithaca, New York stands at $108K. This translates to roughly $38K per acre for the typical parcel size. The average price is $120K, indicating some higher-priced properties pulling up the average.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.