Is Onondaga County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Onondaga County has remained a Seller's Market.
Key Takeaway
Onondaga County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Onondaga County, NY
How much do homes in Onondaga County, NY cost?
Median Sold Price
$224,481
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Onondaga County have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Onondaga County was $224,481 in May 2024, up 7.3% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $107.2K | $133K | +24.0% |
| 2 Bedrooms | $155.3K | $180K | +15.9% |
| 3 Bedrooms | $190.2K | $213.3K | +12.1% |
| 4 Bedrooms | $260.3K | $276.4K | +6.2% |
| 5+ Bedrooms | $336.6K | $218.3K | -35.1% |
Summary: Onondaga County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 35.1%.
Median Sold Price Compared To Nearby Counties
| Oswego County | $160K | $174.5K | +9.1% |
| Onondaga County | $209.2K | $224.4K | +7.3% |
| Cortland County | $175K | $178.6K | +2.1% |
| Cayuga County | $178.4K | $176.6K | -1.1% |
| Madison County | $224.3K | $211.1K | -5.9% |
Housing Supply in Onondaga County, NY
How many homes are available in Onondaga County, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,325 | 1,309 | -1.2% |
Summary: The Onondaga County real estate market had 1,309 homes for sale in May 2024, a 1.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 9 | -25.0% |
| 2 Bedrooms | 162 | 145 | -10.5% |
| 3 Bedrooms | 571 | 565 | -1.1% |
| 4 Bedrooms | 375 | 385 | +2.7% |
| 5+ Bedrooms | 205 | 205 | 0.0% |
Summary: The Onondaga County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 285 | 291 | +2.1% |
Asking Price vs. Sold Price
71 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
191 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Onondaga County, you could pay more than the asking price. 65.6% of homes here sold above asking price last month.
Summary: A total of 291 homes were sold or pending in Onondaga County in May 2024, up by 2.1% month-over-month. Of the 291 sold homes, 24% were sold under asking, 10% were sold at asking, and 66% were sold over asking.
Days on Market for Onondaga County, NY
How long does it take to sell a home in Onondaga County, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 25 Days | +58.2% |
Summary: Homes in Onondaga County had an average of 25 days on market in May 2024, up by 58.2% compared to last year.
Breakdown of Home Sale Times
237 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Onondaga County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 291 homes were sold in Onondaga County; 81% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.