Is Northside Syracuse, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Northside Syracuse has remained a Neutral Market.
Key Takeaway
Northside Syracuse is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Northside Syracuse, NY
How much do homes in Northside Syracuse, NY cost?
Median Sold Price
$120,000
$75/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Northside Syracuse have sold for 7.7% less than they did a year ago.
Summary: The median home sold price in Northside Syracuse was $120,000 in April 2024, down 7.7% from last year, and the median price per square foot was $75.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $52.2K | $63.5K | +21.5% |
| 2 Bedrooms | $113K | $115K | +1.8% |
| 3 Bedrooms | $129.4K | $120K | -7.3% |
| 4 Bedrooms | $143.5K | $120K | -16.4% |
| 5+ Bedrooms | $298K | $125K | -58.1% |
Summary: Northside Syracuse housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.5%, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes decreased by 58.1%.
Housing Supply in Northside Syracuse, NY
How many homes are available in Northside Syracuse, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 127 | 116 | -8.7% |
Summary: The Northside Syracuse real estate market had 116 homes for sale in April 2024, a 8.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 38 | 40 | +5.3% |
| 4 Bedrooms | 27 | 29 | +7.4% |
| 5+ Bedrooms | 50 | 36 | -28.0% |
Summary: The Northside Syracuse housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 28%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 19 | -20.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northside Syracuse, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Northside Syracuse in April 2024, down by 20.8% month-over-month. Of the 19 sold homes, 47% were sold under asking, 16% were sold at asking, and 37% were sold over asking.
Days on Market for Northside Syracuse, NY
How long does it take to sell a home in Northside Syracuse, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 28 Days | +59.1% |
Summary: Homes in Northside Syracuse had an average of 28 days on market in Apr 2024, up by 59.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Northside Syracuse are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 19 homes were sold in Northside Syracuse; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
