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

Housing Market Conditions



Gauge showing Syracuse is a seller's market


Difference Since November 2022

Since last year, Syracuse has remained a Seller's Market.

Key Takeaway

Syracuse is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Syracuse, NY

How much do homes in Syracuse, NY cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Syracuse have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Syracuse was $171,389 in November 2023, up 7.1% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $78.6K$122K
2 $125K$145K
3 $159.4K$172.3K
4 $182K$184K
5+ $232.4K$174.5K

Summary: Syracuse housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 55.1%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 24.9%.

Median Sold Price Compared To Nearby Cities

East Syracuse
De Witt

Housing Supply in Syracuse, NY

How many homes are available in Syracuse, NY?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Syracuse real estate market had 608 homes for sale in November 2023, a 17.8% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 21
2 6850
3 341288
4 193158
5+ 136111

Summary: The Syracuse housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 26.5%, 3 bedroom homes decreased by 15.5%, 4 bedroom homes decreased by 18.1%, and 5+ bedroom homes decreased by 18.4%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

41 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

85 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Syracuse, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Summary: A total of 136 homes were sold or pending in Syracuse in November 2023, down by 32.0% month-over-month. Of the 136 sold homes, 30% were sold under asking, 7% were sold at asking, and 63% were sold over asking.

Days on Market for Syracuse, NY

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

Average Sale Time

Nov 2022Nov 2023CHANGE
18 Days15 Days-14.6%

Summary: Homes in Syracuse had an average of 15 days on market in Nov 2023, down by 14.6% compared to last year.

Breakdown of Home Sale Times

120 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2023, 136 homes were sold in Syracuse; 88% of homes were sold within 30 days, 9% 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 8 Days Ago

Newest Listings in Syracuse, NY

Nearby Markets to Syracuse, NY

What housing markets are near Syracuse, NY?