Is Oneida County, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oneida County is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Oneida County was a Seller's Market.

Key Takeaway

Oneida County 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 Oneida County, NY

How much do homes in Oneida County, NY cost?

Median Sold Price

$187,859

$131/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$5,316(+2.9%)

Key Takeaway

Homes in Oneida County have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in Oneida County was $187,859 in March 2024, up 2.9% from last year, and the median price per square foot was $131.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $93K$126.2K
+35.8%
2 $147.5K$165K
+11.9%
3 $179.5K$190K
+5.8%
4 $225K$214.9K
-4.5%
5+ $255K$169.9K
-33.4%

Summary: Oneida County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.8%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 33.4%.

Median Sold Price Compared To Nearby Counties

Oswego County
+7.3%
Oneida County
+2.9%
Lewis County
0.5%
Madison County
-1.7%
Herkimer County
-3.1%

Housing Supply in Oneida County, NY

How many homes are available in Oneida County, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5335340.2%

Summary: The Oneida County real estate market had 534 homes for sale in March 2024, a 0.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 811
+37.5%
2 7165
-8.5%
3 220227
+3.2%
4 145141
-2.8%
5+ 8990
+1.1%

Summary: The Oneida County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes decreased by 8.5%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 1.1%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
10587-17.1%

Asking Price vs. Sold Price

51 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oneida County, you may be able to get a good deal. 58.6% of homes here sold below asking price last month.

Summary: A total of 87 homes were sold or pending in Oneida County in March 2024, down by 17.1% month-over-month. Of the 87 sold homes, 59% were sold under asking, 16% were sold at asking, and 25% were sold over asking.

Days on Market for Oneida County, NY

How long does it take to sell a home in Oneida County, NY?

Average Sale Time

Mar 2023Mar 2024CHANGE
49 Days48 Days-3.2%

Summary: Homes in Oneida County had an average of 48 days on market in Mar 2024, down by 3.2% compared to last year.

Breakdown of Home Sale Times

46 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oneida County are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 87 homes were sold in Oneida County; 53% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 25 Days Ago

Newest Listings in Oneida County, NY

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