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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oswego County is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Oswego County was a Seller's Market.

Key Takeaway

Oswego County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Oswego County, NY

How much do homes in Oswego County, NY cost?

Median Sold Price

$180,564

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,235(+9.2%)

Key Takeaway

Homes in Oswego County have sold for 9.2% more than they did a year ago.

Summary: The median home sold price in Oswego County was $180,564 in November 2024, up 9.2% from last year, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $110K$97.5K
-11.4%
2 $135K$149.2K
+10.5%
3 $167.4K$185K
+10.5%
4 $197K$210K
+6.6%
5+ $220K$178K
-19.1%

Summary: Oswego County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.4%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 19.1%.

Median Sold Price Compared To Nearby Counties

Madison County
+11.9%
Oswego County
+9.2%
Oneida County
+8.1%
Onondaga County
+6.7%
Cayuga County
+5.9%

Housing Supply in Oswego County, NY

How many homes are available in Oswego County, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
414348-15.9%

Summary: The Oswego County real estate market had 348 homes for sale in November 2024, a 15.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1917
-10.5%
2 5644
-21.4%
3 191154
-19.4%
4 10289
-12.7%
5+ 4644
-4.3%

Summary: The Oswego County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10.5%, 2 bedroom homes decreased by 21.4%, 3 bedroom homes decreased by 19.4%, 4 bedroom homes decreased by 12.7%, and 5+ bedroom homes decreased by 4.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
9156-38.5%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

27 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oswego County, you could pay more than the asking price. 48.2% of homes here sold above asking price last month.

Summary: A total of 56 homes were sold or pending in Oswego County in November 2024, down by 38.5% month-over-month. Of the 56 sold homes, 34% were sold under asking, 18% were sold at asking, and 48% were sold over asking.

Days on Market for Oswego County, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days37 Days+87.9%

Summary: Homes in Oswego County had an average of 37 days on market in Nov 2024, up by 87.9% compared to last year.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 56 homes were sold in Oswego County; 77% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 13% 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 20 Days Ago

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