Lodi, NY

Real estate in Lodi, New York is a hot commodity. The city has a population of just over 30,000 people and is located in the Southern Tier region of upstate New York. The city is home to several colleges and universities, including SUNY Cortland and Utica College. Additionally, Lodi is home to several manufacturing plants and businesses, which has helped contribute to the city's high real estate prices.

The median price of a single-family home in Lodi was $174,900 as of May 2017. This represents an increase of more than 20% from the median price of $145,000 recorded in May 2016. In addition, the number of homes sold during the same period increased by more than 25%, reaching 54 transactions in May 2017 compared to 41 sales during the same month one year earlier. These strong sales figures suggest that there are plenty of potential buyers interested in purchasing homes in Lodi.

One reason for this high demand for real estate in Lodi may be due to its proximity to major metropolitan areas such as Buffalo and Rochester. Additionally, many residents commute into these larger cities for work each day, which means that they have plenty of money available to spend on housing costs. Furthermore, many people who live in Lodi enjoy outdoor activities such as hiking and biking which can also contribute to increased demand for property within the city limits.