Is Oswego, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oswego is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Oswego has remained a Seller's Market.

Key Takeaway

Oswego is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Oswego, NY

How much do homes in Oswego, NY cost?

Median Sold Price

$157,950

$98/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$16,950(+12.0%)

Key Takeaway

Homes in Oswego have sold for 12% more than they did a year ago.

Summary: The median home sold price in Oswego was $157,950 in September 2024, up 12% from last year, and the median price per square foot was $98.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $95K-
N/A
2 $90K$110K
+22.2%
3 $142.5K$153K
+7.4%
4 $175K$200K
+14.3%
5+ $182.5K$169.6K
-7.0%

Summary: Oswego housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 7%.

Median Sold Price Compared To Nearby Cities

Scriba
+27.3%
Oswego
+12.0%
Minetto
-7.0%

Housing Supply in Oswego, NY

How many homes are available in Oswego, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
10196-5.0%

Summary: The Oswego real estate market had 96 homes for sale in September 2024, a 5.0% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 12
+100.0%
2 1516
+6.7%
3 5242
-19.2%
4 2322
-4.3%
5+ 1014
+40.0%

Summary: The Oswego housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 19.2%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2120-4.8%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oswego, 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 Oswego in September 2024, down by 4.8% month-over-month. Of the 20 sold homes, 15% were sold under asking, 20% were sold at asking, and 65% were sold over asking.

Days on Market for Oswego, NY

How long does it take to sell a home in Oswego, NY?

Average Sale Time

Sep 2023Sep 2024CHANGE
13 Days7 Days-46.2%

Summary: Homes in Oswego had an average of 7 days on market in Sep 2024, down by 46.2% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oswego are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 20 homes were sold in Oswego; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

Newest Listings in Oswego, NY

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