Is East Syracuse, 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, East Syracuse was a Neutral Market.
Key Takeaway
East Syracuse is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Syracuse, NY
How much do homes in East Syracuse, NY cost?
Median Sold Price
$221,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East Syracuse have sold for 22.8% more than they did a year ago.
Summary: The median home sold price in East Syracuse was $221,000 in April 2024, up 22.8% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $107K | $120K | +12.1% |
| 2 Bedrooms | $151.5K | $168K | +10.9% |
| 3 Bedrooms | $180K | $225K | +25.0% |
| 4 Bedrooms | $210K | $252.5K | +20.2% |
| 5+ Bedrooms | $215K | $230K | +7.0% |
Summary: East Syracuse housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 20.2%, and 5+ bedroom homes increased by 7%.
Housing Supply in East Syracuse, NY
How many homes are available in East Syracuse, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 47 | 41 | -12.8% |
Summary: The East Syracuse real estate market had 41 homes for sale in April 2024, a 12.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 17 | 18 | +5.9% |
| 4 Bedrooms | 12 | 7 | -41.7% |
| 5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The East Syracuse housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 41.7%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Syracuse, you could pay more than the asking price. 92.3% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in East Syracuse in April 2024, down by 7.1% month-over-month. Of the 13 sold homes, 0% were sold under asking, 8% were sold at asking, and 92% were sold over asking.
Days on Market for East Syracuse, NY
How long does it take to sell a home in East Syracuse, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 44 Days | +208.5% |
Summary: Homes in East Syracuse had an average of 44 days on market in Apr 2024, up by 208.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Syracuse are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in East Syracuse; 62% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
