Is Onondaga County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Onondaga County has remained a Seller's Market.
Housing Prices in Onondaga County, NY
How much do homes in Onondaga County, NY cost?
Median Sold Price
$220,625
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Onondaga County was $220,625 in April 2024, up 5.8% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $107K | $127.5K | +19.2% |
2 Bedrooms | $155K | $178.3K | +15.0% |
3 Bedrooms | $190.3K | $210.8K | +10.8% |
4 Bedrooms | $260.1K | $275K | +5.7% |
5+ Bedrooms | $338.3K | $230K | -32.0% |
Summary: Onondaga County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.2%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 32%.
Median Sold Price Compared To Nearby Counties
Oswego County | $159.2K | $171.1K | +7.5% |
Onondaga County | $208.5K | $220.6K | +5.8% |
Cortland County | $175.2K | $175K | -0.1% |
Cayuga County | $179.8K | $175K | -2.7% |
Madison County | $220.1K | $212.2K | -3.6% |
Housing Supply in Onondaga County, NY
How many homes are available in Onondaga County, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,228 | 1,169 | -4.8% |
Summary: The Onondaga County real estate market had 1,169 homes for sale in April 2024, a 4.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 10 | -23.1% |
2 Bedrooms | 144 | 144 | 0.0% |
3 Bedrooms | 494 | 496 | 0.4% |
4 Bedrooms | 363 | 334 | -8.0% |
5+ Bedrooms | 214 | 185 | -13.6% |
Summary: The Onondaga County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 23.1%, 2 bedroom homes remained the same, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 13.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
237 | 247 | +4.2% |
Asking Price vs. Sold Price
71 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
154 Homes Were Sold
Over Asking
Summary: A total of 247 homes were sold or pending in Onondaga County in April 2024, up by 4.2% month-over-month. Of the 247 sold homes, 29% were sold under asking, 9% were sold at asking, and 62% were sold over asking.
Days on Market for Onondaga County, NY
How long does it take to sell a home in Onondaga County, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 23 Days | +16.5% |
Summary: Homes in Onondaga County had an average of 23 days on market in Apr 2024, up by 16.5% compared to last year.
Breakdown of Home Sale Times
194 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Summary: During April 2024, 247 homes were sold in Onondaga County; 79% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.