$3,086 Closing Credit*
$259,900
2,163 SqFt
3 Beds
•2 Full Baths, 1 Partial
Katherine Moran, Listing Office: Arquette & Associates,REALTORS
Is Onondaga County, 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 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
$234,794
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,821(+6.7%)
Key Takeaway
Homes in Onondaga County have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Onondaga County was $234,794 in November 2024, up 6.7% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123.5K | $134.4K | +8.9% |
| 2 Bedrooms | $171.8K | $185K | +7.6% |
| 3 Bedrooms | $205K | $224.7K | +9.6% |
| 4 Bedrooms | $267.4K | $292.3K | +9.3% |
| 5+ Bedrooms | $263.1K | $225K | -14.5% |
Summary: Onondaga County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes decreased by 14.5%.
Median Sold Price Compared To Nearby Counties
| Madison County | $214.5K | $240K | +11.9% |
| Cortland County | $170K | $187.1K | +10.1% |
| Oswego County | $165.3K | $180.5K | +9.2% |
| Onondaga County | $219.9K | $234.7K | +6.7% |
| Cayuga County | $175.1K | $185.5K | +5.9% |
Housing Supply in Onondaga County, NY
How many homes are available in Onondaga County, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,798 | 1,448 | -19.5% |
Summary: The Onondaga County real estate market had 1,448 homes for sale in November 2024, a 19.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 9 | -25.0% |
| 2 Bedrooms | 206 | 152 | -26.2% |
| 3 Bedrooms | 797 | 642 | -19.4% |
| 4 Bedrooms | 527 | 408 | -22.6% |
| 5+ Bedrooms | 256 | 237 | -7.4% |
Summary: The Onondaga County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 26.2%, 3 bedroom homes decreased by 19.4%, 4 bedroom homes decreased by 22.6%, and 5+ bedroom homes decreased by 7.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 405 | 339 | -16.3% |
Asking Price vs. Sold Price
88 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
216 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Onondaga County, you could pay more than the asking price. 63.7% of homes here sold above asking price last month.
Summary: A total of 339 homes were sold or pending in Onondaga County in November 2024, down by 16.3% month-over-month. Of the 339 sold homes, 26% were sold under asking, 10% were sold at asking, and 64% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 21 Days | +32.9% |
Summary: Homes in Onondaga County had an average of 21 days on market in Nov 2024, up by 32.9% compared to last year.
Breakdown of Home Sale Times
286 Homes Were Sold
Under 30 Days
42 Homes Were Sold
In 30 - 90 Days
11 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 November 2024, 339 homes were sold in Onondaga County; 84% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 3% 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.