Is Onondaga, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Onondaga is a seller's market

Buyer's
Market

Difference Since August 2021

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.

How much do homes in Onondaga, NY cost?

Median Sold Price

$263,000

$136/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$46,166(+21.3%)

Key Takeaway

Homes in Onondaga have sold for 21.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $65.3K$30K
-54.1%
2 $141K$140K
-0.7%
3 $177K$190K
+7.3%
4 $275K$335K
+21.8%
5+ $349.9K$375K
+7.2%

Median Sold Price Compared To Nearby Cities

Onondaga
+21.3%
Jamesville
+17.2%
LaFayette
+9.8%
Geddes
+6.6%
Syracuse
+5.0%

How many homes are available in Onondaga, NY?

Number of Homes For Sale

Jul 2022Aug 2022%
9480-14.9%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 01
+100.0%
2 66
0.0%
3 3735
-5.4%
4 4032
-20.0%
5+ 116
-45.5%

Number of Homes Sold

Jul 2022Aug 2022%
2125+19.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Onondaga, you could pay more than the asking price. 72% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
6 Days22 Days+262.1%

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Onondaga, NY

There are 80 homes are for sale in Onondaga, NY real estate market. The number of listings in Onondaga, NY decreased by 14.9% between July 2022 and August 2022. The median list price of listings available in August 2022 was $263,000, while the average time on the real estate market was 22 days. Real estate listing prices changed between July 2022 and August 2022: prices of 1 bedroom properties went down by 54.1%, 2 bedrooms properties prices decreased by 0.7%, the cost of 3 bedrooms properties went up by 7.3%, prices of 4 bedrooms properties went up by 21.8%, the cost of 5 bedrooms properties went up by 7.2%. Volume of homes for sale changed: the quantity of 1 bedroom homes went up by 100%, the quantity of 2 bedrooms homes have not changed, volume of 3 bedrooms homes went down by 5.4%, the quantity of 4 bedrooms homes went down by 20%, volume of 5 bedrooms homes went down by 45.5%. Over 18 listings were sold over their listed price in August 2022 in Onondaga, NY. In the same period over 4 listings were sold below the listed price and 3 listings were sold for the listed price.

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