Is North 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, 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
$189,950
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North Syracuse have sold for 15.1% more than they did a year ago.
Summary: The median home sold price in North Syracuse was $189,950 in March 2024, up 15.1% 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 | - | - | N/A |
| 2 Bedrooms | $146.7K | $162.5K | +10.8% |
| 3 Bedrooms | $164.7K | $185K | +12.3% |
| 4 Bedrooms | $194K | $205K | +5.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: North Syracuse housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 5.7%, 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
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Summary: The North Syracuse real estate market had 14 homes for sale in March 2024, a 17.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The North 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 remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Syracuse, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in North Syracuse in March 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 4 Days | 20 Days | +412.5% |
Summary: Homes in North Syracuse had an average of 20 days on market in Mar 2024, up by 412.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 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 March 2024, 6 homes were sold in North Syracuse; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
