$3,669 Closing Credit*
$309,000
2,092 SqFt
3 Beds
•2 Full Baths, 1 Partial
Gabe Seifter, Listing Office: Hunt Real Estate ERA
Is Onondaga, 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, Onondaga has remained a Seller's Market.
Key Takeaway
Onondaga is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Onondaga, NY
How much do homes in Onondaga, NY cost?
Median Sold Price
$290,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$37,500(+14.9%)
Key Takeaway
Homes in Onondaga have sold for 14.9% more than they did a year ago.
Summary: The median home sold price in Onondaga was $290,000 in August 2024, up 14.9% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $114.9K | - | N/A |
| 2 Bedrooms | $160K | $136K | -15.0% |
| 3 Bedrooms | $225K | $250K | +11.1% |
| 4 Bedrooms | $357.5K | $355K | -0.7% |
| 5+ Bedrooms | $489.9K | $450K | -8.1% |
Summary: Onondaga 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 decreased by 15%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 8.1%.
Median Sold Price Compared To Nearby Cities
| Jamesville | $335K | $480K | +43.3% |
| Onondaga | $252.5K | $290K | +14.9% |
| Geddes | $198.4K | $215K | +8.3% |
| Syracuse | $165.5K | $177.4K | +7.2% |
| LaFayette | $275K | $265.5K | -3.5% |
Housing Supply in Onondaga, NY
How many homes are available in Onondaga, NY?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 82 | 77 | -6.1% |
Summary: The Onondaga real estate market had 77 homes for sale in August 2024, a 6.1% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 27 | 30 | +11.1% |
| 4 Bedrooms | 31 | 25 | -19.4% |
| 5+ Bedrooms | 16 | 14 | -12.5% |
Summary: The Onondaga housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 16 | 21 | +31.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Onondaga, you could pay more than the asking price. 47.6% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Onondaga in August 2024, up by 31.3% month-over-month. Of the 21 sold homes, 24% were sold under asking, 29% were sold at asking, and 48% were sold over asking.
Days on Market for Onondaga, NY
How long does it take to sell a home in Onondaga, NY?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 6 Days | 15 Days | +143.5% |
Summary: Homes in Onondaga had an average of 15 days on market in Aug 2024, up by 143.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Onondaga are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 21 homes were sold in Onondaga; 86% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
