$2,126 Closing Credit*
$179,000
1,344 SqFt
3 Beds
•1 Full Bath
Russell Hearton, Listing Office: Hunt Real Estate Era
Is North Syracuse, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, North Syracuse has remained a Seller's Market.
Key Takeaway
North Syracuse is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Syracuse, NY
How much do homes in North Syracuse, NY cost?
Median Sold Price
$195,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$15,000(+8.3%)
Key Takeaway
Homes in North Syracuse have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in North Syracuse was $195,000 in August 2024, up 8.3% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $146.7K | $179.9K | +22.6% |
| 3 Bedrooms | $180K | $195K | +8.3% |
| 4 Bedrooms | $195K | $205K | +5.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: North Syracuse housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes did not change.
Housing Supply in North Syracuse, NY
How many homes are available in North Syracuse, NY?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 30 | 27 | -10.0% |
Summary: The North Syracuse real estate market had 27 homes for sale in August 2024, a 10.0% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 19 | 13 | -31.6% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The North Syracuse housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 31.6%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Syracuse, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in North Syracuse in August 2024, up by 33.3% month-over-month. Of the 8 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for North Syracuse, NY
How long does it take to sell a home in North Syracuse, NY?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 4 Days | 5 Days | +21.6% |
Summary: Homes in North Syracuse had an average of 5 days on market in Aug 2024, up by 21.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Syracuse are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 8 homes were sold in North Syracuse; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
