Is Oswego, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Oswego was a Neutral Market.
Key Takeaway
Oswego is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oswego, NY
How much do homes in Oswego, NY cost?
Median Sold Price
$151,200
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Oswego have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Oswego was $151,200 in April 2024, up 10.7% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $83.5K | $95K | +13.8% |
| 2 Bedrooms | $90K | $103.5K | +15.0% |
| 3 Bedrooms | $145K | $150K | +3.4% |
| 4 Bedrooms | $152.5K | $190.5K | +25.0% |
| 5+ Bedrooms | $230K | $164.3K | -28.6% |
Summary: Oswego housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.8%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 28.6%.
Housing Supply in Oswego, NY
How many homes are available in Oswego, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 88 | 81 | -8.0% |
Summary: The Oswego real estate market had 81 homes for sale in April 2024, a 8.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 42 | 39 | -7.1% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 12 | 8 | -33.3% |
Summary: The Oswego housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oswego, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Oswego in April 2024, up by 11.1% month-over-month. Of the 20 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Oswego, NY
How long does it take to sell a home in Oswego, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 26 Days | +49.5% |
Summary: Homes in Oswego had an average of 26 days on market in Apr 2024, up by 49.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oswego are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 20 homes were sold in Oswego; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
