Is East Syracuse, 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, East Syracuse was a Neutral Market.
Housing Prices in East Syracuse, NY
How much do homes in East Syracuse, NY cost?
Median Sold Price
$221,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East Syracuse was $221,000 in April 2024, up 22.8% 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 | $120K | +12.1% |
2 Bedrooms | $151.5K | $168K | +10.9% |
3 Bedrooms | $180K | $225K | +25.0% |
4 Bedrooms | $210K | $252.5K | +20.2% |
5+ Bedrooms | $215K | $230K | +7.0% |
Summary: East Syracuse housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 20.2%, and 5+ bedroom homes increased by 7%.
Housing Supply in East Syracuse, NY
How many homes are available in East Syracuse, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 41 | -12.8% |
Summary: The East Syracuse real estate market had 41 homes for sale in April 2024, a 12.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 17 | 18 | +5.9% |
4 Bedrooms | 12 | 7 | -41.7% |
5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The East Syracuse housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 41.7%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 13 | -7.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in East Syracuse in April 2024, down by 7.1% month-over-month. Of the 13 sold homes, 0% were sold under asking, 8% were sold at asking, and 92% were sold over asking.
Days on Market for East Syracuse, NY
How long does it take to sell a home in East Syracuse, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 44 Days | +208.5% |
Summary: Homes in East Syracuse had an average of 44 days on market in Apr 2024, up by 208.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in East Syracuse; 62% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.