Is Onondaga, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Onondaga was a Buyer's Market.
Key Takeaway
Onondaga is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Onondaga, NY
How much do homes in Onondaga, NY cost?
Median Sold Price
$280,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Onondaga have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Onondaga was $280,000 in April 2024, up 9.3% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $114.9K | - | N/A |
| 2 Bedrooms | $150K | $152K | +1.3% |
| 3 Bedrooms | $209.5K | $250K | +19.3% |
| 4 Bedrooms | $357.5K | $350K | -2.1% |
| 5+ Bedrooms | $450K | $472.5K | +5.0% |
Summary: Onondaga housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 19.3%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
| Jamesville | $340K | $402.5K | +18.4% |
| Geddes | $190K | $210K | +10.5% |
| Onondaga | $256.2K | $280K | +9.3% |
| Syracuse | $165K | $170.2K | +3.2% |
| LaFayette | $265K | $265.5K | 0.2% |
Housing Supply in Onondaga, NY
How many homes are available in Onondaga, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 52 | 51 | -1.9% |
Summary: The Onondaga real estate market had 51 homes for sale in April 2024, a 1.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 22 | 25 | +13.6% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Onondaga housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 42.9%, 3 bedroom homes remained the same, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Onondaga, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Onondaga in April 2024, the same as the previous month. Of the 9 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% were sold over asking.
Days on Market for Onondaga, NY
How long does it take to sell a home in Onondaga, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 7 Days | 58 Days | +666.7% |
Summary: Homes in Onondaga had an average of 58 days on market in Apr 2024, up by 666.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Onondaga are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Onondaga; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
