$1,603 Closing Credit*
$134,999
1,056 SqFt
2 Beds
•1 Full Bath
Andrew Zellar, Listing Office: Oak Tree Real Estate
Is Onondaga, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Onondaga has remained a Seller's Market.
Key Takeaway
Onondaga is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Onondaga, NY
How much do homes in Onondaga, NY cost?
Median Sold Price
$300,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,000(+9.1%)
Key Takeaway
Homes in Onondaga have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Onondaga was $300,000 in November 2024, up 9.1% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $157.5K | $155K | -1.6% |
| 3 Bedrooms | $238.5K | $255K | +6.9% |
| 4 Bedrooms | $355K | $394.9K | +11.3% |
| 5+ Bedrooms | $474.9K | $460K | -3.1% |
Summary: Onondaga housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes decreased by 3.1%.
Median Sold Price Compared To Nearby Cities
| Jamesville | $361K | $440K | +21.9% |
| Geddes | $199.9K | $220K | +10.1% |
| Onondaga | $275K | $300K | +9.1% |
| LaFayette | $259.3K | $275K | +6.0% |
| Syracuse | $170.5K | $180K | +5.6% |
Housing Supply in Onondaga, NY
How many homes are available in Onondaga, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 80 | 63 | -21.3% |
Summary: The Onondaga real estate market had 63 homes for sale in November 2024, a 21.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 38 | 31 | -18.4% |
| 4 Bedrooms | 22 | 18 | -18.2% |
| 5+ Bedrooms | 14 | 9 | -35.7% |
Summary: The Onondaga housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 18.4%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 35.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 20 | +33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Onondaga, you could pay more than the asking price. 65% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Onondaga in November 2024, up by 33.3% month-over-month. Of the 20 sold homes, 30% were sold under asking, 5% were sold at asking, and 65% were sold over asking.
Days on Market for Onondaga, NY
How long does it take to sell a home in Onondaga, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 29 Days | +137.3% |
Summary: Homes in Onondaga had an average of 29 days on market in Nov 2024, up by 137.3% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Onondaga are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in Onondaga; 75% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
