Is Southside Syracuse, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Southside Syracuse has remained a Seller's Market.
Key Takeaway
Southside Syracuse is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southside Syracuse, NY
How much do homes in Southside Syracuse, NY cost?
Median Sold Price
$120,000
$61/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Southside Syracuse have sold for 33.3% more than they did a month ago.
Summary: The median home sold price in Southside Syracuse was $120,000 in April 2024, up 33.3% from last month, and the median price per square foot was $61.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $106.7K | N/A |
| 3 Bedrooms | $64.9K | $70.7K | +8.9% |
| 4 Bedrooms | $138.1K | $164.9K | +19.4% |
| 5+ Bedrooms | $139.5K | $158.5K | +13.6% |
Summary: Southside Syracuse housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 13.6%.
Housing Supply in Southside Syracuse, NY
How many homes are available in Southside Syracuse, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 108 | 97 | -10.2% |
Summary: The Southside Syracuse real estate market had 97 homes for sale in April 2024, a 10.2% 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 46 | 40 | -13.0% |
| 4 Bedrooms | 22 | 18 | -18.2% |
| 5+ Bedrooms | 34 | 33 | -2.9% |
Summary: The Southside Syracuse 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 remained the same, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 2.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 22 | +15.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southside Syracuse, you could pay more than the asking price. 40.9% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Southside Syracuse in April 2024, up by 15.8% month-over-month. Of the 22 sold homes, 32% were sold under asking, 27% were sold at asking, and 41% were sold over asking.
Days on Market for Southside Syracuse, NY
How long does it take to sell a home in Southside Syracuse, NY?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 47 Days | 26 Days | -44.1% |
Summary: Homes in Southside Syracuse had an average of 26 days on market in Apr 2024, down by 44.1% compared to last month.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southside Syracuse are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 22 homes were sold in Southside Syracuse; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
