Is Onondaga County, 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, Onondaga County has remained a Seller's Market.
Housing Prices in Onondaga County, NY
How much do homes in Onondaga County, NY cost?
Median Sold Price
$221,226
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Onondaga County was $221,226 in March 2024, up 7.2% 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 | $107K | $125K | +16.8% |
2 Bedrooms | $153K | $175K | +14.3% |
3 Bedrooms | $190K | $210.2K | +10.7% |
4 Bedrooms | $260K | $274.7K | +5.7% |
5+ Bedrooms | $335K | $234.6K | -30.0% |
Summary: Onondaga County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.8%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 30%.
Median Sold Price Compared To Nearby Counties
Oswego County | $158.3K | $170K | +7.3% |
Onondaga County | $206.2K | $221.2K | +7.2% |
Cayuga County | $177.4K | $174.9K | -1.4% |
Cortland County | $175K | $172.5K | -1.4% |
Madison County | $219K | $215.3K | -1.7% |
Housing Supply in Onondaga County, NY
How many homes are available in Onondaga County, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,136 | 1,111 | -2.2% |
Summary: The Onondaga County real estate market had 1,111 homes for sale in March 2024, a 2.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 10 | -28.6% |
2 Bedrooms | 150 | 129 | -14.0% |
3 Bedrooms | 479 | 449 | -6.3% |
4 Bedrooms | 318 | 323 | +1.6% |
5+ Bedrooms | 175 | 200 | +14.3% |
Summary: The Onondaga County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes decreased by 14%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
275 | 202 | -26.5% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
109 Homes Were Sold
Over Asking
Summary: A total of 202 homes were sold or pending in Onondaga County in March 2024, down by 26.5% month-over-month. Of the 202 sold homes, 31% were sold under asking, 15% were sold at asking, and 54% were sold over asking.
Days on Market for Onondaga County, NY
How long does it take to sell a home in Onondaga County, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
26 Days | 22 Days | -12.6% |
Summary: Homes in Onondaga County had an average of 22 days on market in Mar 2024, down by 12.6% compared to last year.
Breakdown of Home Sale Times
158 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During March 2024, 202 homes were sold in Onondaga County; 78% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.