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Featured local agent — Cato, NY
Sarah Mitchell
Compass Real Estate · Cato, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cato, NY Housing Market
The last median sale price Redfin published was $230,000 (through May 2026). With homes going under contract in about 75 days, Cato is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $230,000 home is about $1,228/mo in principal and interest.
Key numbers for Cato, NY
Median sale price
$230,000
Last published period
Redfin, through December 2025
Days on market
75
Slow-moving
Redfin, through December 2025
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$65,982
Home costs 3.5x income
U.S. Census ACS, 2023
Sale-to-list ratio
93.2%
Selling below asking
Redfin, through December 2025
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Cato a buyer's or seller's market?
Cato, NY is a buyer's market and homes selling in about 75 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Cato housing market data show?
Every row below is Redfin's final published month for Cato, NY. Redfin, through December 2025
| Metric | Value |
|---|---|
| Median sale price | $230,000 |
| Median price per sq ft | $155/sq ft |
| Median days on market | 75 days |
| Sale-to-list price ratio | 93.2% |
| Homes sold (that month) | 2 |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Cato is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Cato is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Cato home prices moved?
Across the 23 months we hold for Cato, NY, the median sale price rose 51.3%, from $152,000 in June 2021 to $230,000.
Redfin, through December 2025 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Cato?
Priced off the median sale price of $230,000 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $46,000 | $184,000 | $1,228/mo |
| 5% | $11,500 | $218,500 | $1,458/mo |
Redfin, through December 2025 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,228, that implies roughly $52,623 a year before you add taxes and insurance. The median household in Cato earns $65,982, about $13,359 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.5x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Cato in the next 12 months?
Tell us your timeline. We send the Cato market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Cato?
Zillow does not publish a rent index (ZORI) for Cato, NY, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Cato?
Active listings in Cato, NY went from 2 in June 2021 to 1 in September 2025, a -50.0% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2021 | 2 | not published |
| August 2021 | 2 | 1 |
| January 2022 | 3 | not published |
| April 2022 | 1 | 2 |
| November 2022 | 2 | not published |
| November 2023 | 1 | not published |
| March 2024 | 1 | not published |
| May 2024 | 1 | not published |
| May 2025 | 1 | not published |
| June 2025 | 1 | not published |
| July 2025 | 2 | 1 |
| September 2025 | 1 | not published |
Redfin, through September 2025
How does Cato compare to New York and the U.S.?
Cato homes sell for $230,000 — 63% below the New York median of $620,500. Against the national median of $410,700, Cato runs 44% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Cato, NY | $230,000 | not published | 75 days |
| New York statewide | $620,500 | +5.1% | 42 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through December 2025 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Cato
What buyers should watch
- The gap between 5% and 20% down here is $230 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $230,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Cato listing goes under contract in 75 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 93.2% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Comparable ZIP-level pricing inside Cato varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Cato
Explore homes currently listed for sale in Cato, New York across major real estate platforms.
How much do homes cost in Cato by property type?
How the Cato, NY market breaks down across single-family homes, condos and townhouses. Redfin, through December 2025
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $230,000 | $155/sq ft | 2 | 75 days |
| Townhouse | $91,000 | $49/sq ft | 1 | 15 days |
Who lives in Cato?
American Community Survey estimates for Cato. U.S. Census ACS, 2023
Population
400
Households
179
Median income
$65,982/yr
Median age
38 years
Owner-occupied
64.2%
Median home value
$154,600
Median gross rent
$840/mo
Mean commute
28.4 min
64.2% of occupied homes in Cato are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which public schools serve Cato?
2 schools tracked · 863 students
The largest public schools serving Cato, NY by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
CATO-MERIDIAN ELEMENTARY SCHOOL
Grades PK-6 · 489 students
CATO-MERIDIAN JUNIOR-SENIOR HIGH SCHOOL
Grades 7-12 · 374 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Cato, NY?
Ordered by distance from Cato, not by size. Compare Cato side by side with any of them.
Cato housing market FAQ
Is Cato a buyer's or seller's market?
Cato, NY is currently a buyer's market based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Cato?
The median sale price in the last month Redfin published was $230,000, about $155 per square foot.
Is Cato cheaper than the rest of New York?
Cato's median sale price of $230,000 is 63% lower than the New York statewide median of $620,500, and 44% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Cato?
Homes in Cato, NY spent a median of 75 days on market before going under contract, versus 42 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Cato?
At the current 30-year fixed rate of 7.03%, 20% down on a $230,000 home is about $1,228 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $52,623 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $65,982.
Are home prices rising in Cato?
We do not hold a complete 12-month value series for Cato, NY yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Cato?
Cato ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Cato?
That depends on your timeline, not on a headline. What the data says today: Cato, NY is a buyer's market, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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