Is East Syracuse, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, East Syracuse has remained a Seller's Market.
Housing Prices in East Syracuse, NY
How much do homes in East Syracuse, NY cost?
Median Sold Price
$220,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in East Syracuse was $220,000 in March 2024, up 20.9% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $107K | $120K | +12.1% |
2 Bedrooms | $149.9K | $193.7K | +29.3% |
3 Bedrooms | $183.5K | $222.5K | +21.2% |
4 Bedrooms | $210K | $265K | +26.2% |
5+ Bedrooms | $220K | $225K | +2.3% |
Summary: East Syracuse housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 29.3%, 3 bedroom homes increased by 21.2%, 4 bedroom homes increased by 26.2%, and 5+ bedroom homes increased by 2.3%.
Housing Supply in East Syracuse, NY
How many homes are available in East Syracuse, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 | 41 | -14.6% |
Summary: The East Syracuse real estate market had 41 homes for sale in March 2024, a 14.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 4 | -55.6% |
3 Bedrooms | 15 | 16 | +6.7% |
4 Bedrooms | 12 | 11 | -8.3% |
5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The East Syracuse housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 55.6%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 14 | -12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in East Syracuse in March 2024, down by 12.5% month-over-month. Of the 14 sold homes, 36% were sold under asking, 7% were sold at asking, and 57% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
12 Days | 20 Days | +68.8% |
Summary: Homes in East Syracuse had an average of 20 days on market in Mar 2024, up by 68.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in East Syracuse; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.