$2,434 Closing Credit*
$205,000
1,124 SqFt
3 Beds
•1 Full Bath
Elizabeth Losty, Listing Office: Hunt Real Estate Era
Is Onondaga, 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, 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
$288,450
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,450(+10.5%)
Key Takeaway
Homes in Onondaga have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Onondaga was $288,450 in October 2024, up 10.5% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $160K | $146.2K | -8.6% |
| 3 Bedrooms | $230.7K | $251K | +8.8% |
| 4 Bedrooms | $360K | $377.7K | +4.9% |
| 5+ Bedrooms | $457.5K | $472.5K | +3.3% |
Summary: Onondaga housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.6%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Jamesville | $340K | $440K | +29.4% |
| Geddes | $193.5K | $220K | +13.7% |
| Onondaga | $261K | $288.4K | +10.5% |
| Syracuse | $170K | $179.9K | +5.9% |
| LaFayette | $265K | $265K | 0.0% |
Housing Supply in Onondaga, NY
How many homes are available in Onondaga, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 69 | 75 | +8.7% |
Summary: The Onondaga real estate market had 75 homes for sale in October 2024, a 8.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 29 | 35 | +20.7% |
| 4 Bedrooms | 22 | 21 | -4.5% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Onondaga 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 28.6%, 3 bedroom homes increased by 20.7%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Onondaga, 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 Onondaga in October 2024, up by 7.1% month-over-month. Of the 15 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 6 Days | 18 Days | +188.2% |
Summary: Homes in Onondaga had an average of 18 days on market in Oct 2024, up by 188.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 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 October 2024, 15 homes were sold in Onondaga; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
