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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oswego County is a neutral's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

Oswego 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 Oswego County, NY

How much do homes in Oswego County, NY cost?

Median Sold Price

$170,008

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$11,633(+7.3%)

Key Takeaway

Homes in Oswego County have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in Oswego County was $170,008 in March 2024, up 7.3% from last year, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $85K$120K
+41.2%
2 $120K$144K
+20.0%
3 $165K$170.3K
+3.3%
4 $180K$200K
+11.1%
5+ $240K$200K
-16.7%

Summary: Oswego County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.2%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 16.7%.

Median Sold Price Compared To Nearby Counties

Oswego County
+7.3%
Onondaga County
+7.2%
Oneida County
+2.9%
Cayuga County
-1.4%
Madison County
-1.7%

Housing Supply in Oswego County, NY

How many homes are available in Oswego County, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
260239-8.1%

Summary: The Oswego County real estate market had 239 homes for sale in March 2024, a 8.1% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 56
+20.0%
2 3534
-2.9%
3 121105
-13.2%
4 6960
-13.0%
5+ 3034
+13.3%

Summary: The Oswego County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes increased by 13.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
6037-38.3%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oswego County, you could pay more than the asking price. 45.9% of homes here sold above asking price last month.

Summary: A total of 37 homes were sold or pending in Oswego County in March 2024, down by 38.3% month-over-month. Of the 37 sold homes, 38% were sold under asking, 16% were sold at asking, and 46% were sold over asking.

Days on Market for Oswego County, NY

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

Average Sale Time

Mar 2023Mar 2024CHANGE
35 Days22 Days-36.2%

Summary: Homes in Oswego County had an average of 22 days on market in Mar 2024, down by 36.2% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 37 homes were sold in Oswego County; 73% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 3% 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 19 Days Ago

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