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Syracuse, N.Y. — If you’re buying a house in Syracuse, selling or just house hunting for fun, here’s a look at the latest numbers in Syracuse real estate.
Up first is the Syracuse metro area’s median home sale price. The chart below shows the median sale price for a home in the region since early 2020. It updates regularly.
The Syracuse metro area includes Onondaga, Madison and Oswego counties.
The median sale price offers a good baseline for what buyers and sellers can expect when it comes to closing time. Naturally, the exact price you’ll pay (or get, if you’re selling), depends on the house itself, its location, size, condition and much more.
If you can’t see the charts in this story, click here to open this story in a web browser.
One of the other key components that drives Syracuse real estate prices is the supply of homes for sale. New listings, found in the chart below and listed by month, offer a window to the overall supply picture.
In general, the more homes coming on the market, the better the news is for buyers. Sellers, on the other hand, can often expect to win out when listings are lower and buyers are forced to compete for fewer properties.
Total home sales in the Syracuse metro area, seen in the chart below, show the pace of the overall housing market in the region.
The metric provides a way to monitor how busy things are overall and can give an indication when might be a good time to jump in if you’re a buyer. In times of low activity, sellers might be more likely to deal.
The map of Onondaga County seen below shows the percent difference between sale prices and list prices by ZIP code. Hover your cursor over each ZIP code to see the hottest locations in the county right now.
If sellers have the edge in the market, they’ll be getting close to the full amount of their list prices or even more. If it’s a buyers’ market, sellers might be forced to accept substantially less to close a deal.
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