$2,374 Closing Credit*
$199,900
1,272 SqFt
3 Beds
•1 Full Bath, 1 Partial
Russell Hearton, Listing Office: Integrated Real Estate Ser LLC
Is East Syracuse, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, East Syracuse has remained a Seller's 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
$230,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+9.5%)
Key Takeaway
Homes in East Syracuse have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in East Syracuse was $230,000 in October 2024, up 9.5% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $133K | +10.8% |
| 2 Bedrooms | $157.4K | $205K | +30.2% |
| 3 Bedrooms | $209.2K | $230K | +9.9% |
| 4 Bedrooms | $235.5K | $267K | +13.4% |
| 5+ Bedrooms | $225K | $230K | +2.2% |
Summary: East Syracuse housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 30.2%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 2.2%.
Housing Supply in East Syracuse, NY
How many homes are available in East Syracuse, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 71 | 59 | -16.9% |
Summary: The East Syracuse real estate market had 59 homes for sale in October 2024, a 16.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 17 | 11 | -35.3% |
| 3 Bedrooms | 31 | 28 | -9.7% |
| 4 Bedrooms | 15 | 12 | -20.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The East Syracuse housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 35.3%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 15 | -25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Syracuse, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in East Syracuse in October 2024, down by 25.0% month-over-month. Of the 15 sold homes, 27% were sold under asking, 13% were sold at asking, and 60% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 23 Days | +68.5% |
Summary: Homes in East Syracuse had an average of 23 days on market in Oct 2024, up by 68.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in East Syracuse are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in East Syracuse; 93% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
