Syracuse, NY Home Values & Market Trends

Real estate market trends reflect that there have been 3,057 transactions over the past year in Syracuse. The median value for residential home transactions that occurred over the previous year is $165,882.13. The number of current listings in Syracuse is 61, and the percentage of properties for sale in the city is 61.00%. Syracuse, NY currently has 508 properties in foreclosure, 8 bank owned properties, 28 properties headed for auction, and 61 properties for sale.

Syracuse, NY Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
13208

$ 105,871

$ 80/sqft

13210

$ 252,147

$ 129/sqft

13204

$ 85,842

$ 55/sqft

13203

$ 89,900

$ 61/sqft

13205

$ 99,000

$ 59/sqft

13224

$ 209,961

$ 118/sqft

13215

$ 395,000

$ 192/sqft

13209

$ 202,871

$ 174/sqft

13212

$ 180,214

$ 142/sqft

13214

$ 313,079

$ 135/sqft

13211

$ 134,354

$ 126/sqft

13290

$ --

$ --

13207

$ 172,400

$ 118/sqft

13261

$ --

$ --

13206

$ 214,900

$ 146/sqft

13202

$ --

$ --

13219

$ 213,450

$ 136/sqft

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Housing Market Summary for Syracuse, NY

Jun 2023May 2024Change
Median Listing Price$119.9K$167.4K39.66%
Median Sold Price$133.7K$145.1K8.50%
Homes For Sale20756-72.95%
Homes Sold1,2091,36112.57%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Syracuse, NY

Syracuse home values range from $17,902 to $13,741,423. The median estimated value of a home in Syracuse is $165,882.13. The median list price of a home is 160,000, and the total count of properties in the city is 55,245.

Foreclosure
There are 17 zips within Syracuse, NY; within these zips, the median estimated home value for homes in foreclosure ranges from $337,468 in 13208 to the lowest value of $28,900 in 13208. Foreclosure homes account for 0.00% of properties in Syracuse, NY with 13207 containing 73 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.85% of all residential properties in Syracuse, NY with 13207 containing 69 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 17 zips within Syracuse, NY; of those zips, the estimated home value for pre-foreclosure homes ranges from $247,750 in 13214 to the lowest home value of $32,939 in 13208.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Syracuse, NY ranges from the highest value of $74,939 in 13211 to the lowest value of $28,900 in 13208. Bank owned homes and properties account for 0.01% of properties in Syracuse, NY. There are 17 zips within Syracuse, NY; 13204 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    13209 has 5 auction properties, the highest number of properties going to auction in a single zip in the state of Syracuse, NY. Auction homes and other auction properties account for 0.05% of all properties in Syracuse, NY. There are 17 zips within Syracuse, NY; of those zips, the median estimated home value for homes going to auction ranges from $269,746 in 13214 to the lowest value of $63,007 in 13214.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.11% of residential properties in Syracuse, NY with 13215 containing 7 homes for sale, the highest number of listed properties in a single zip. There are 17 zips within Syracuse, NY; homes for sale in those zips, have a range of median values from $313,079 in 13214 to the lowest value of $20,000 in 13207.
    Sold Homes
    The median value for recently sold homes ranges from $456,300 in 13214 to the lowest price of $19,414 in 13214. There are 17 zips within Syracuse, NY. 13208 has 194 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.47% of properties in Syracuse, NY.

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      Guide for Syracuse, NY

      New York
      Syracuse Property Values Soar from $120k to $167k in Year-Over-Year Surge
      Market Reports
      Surging Property Values, Sales in Syracuse Real Estate Market Signal Potent Seller’s Era For Early 2024
      New York
      Albany Real Estate on the Rise: Average Property Values Climb to $250K by May 2024
      Market Reports
      Buffalo Real Estate Values Increase by $200k in 12 Months
      See More Articles
      Syracuse Property Values Soar from $120k to $167k in Year-Over-Year Surge
      New York|posted 6 June 2024

      The Syracuse real estate market has seen a consistent growth trend, with average property values and sale prices rising significantly over the past year, reflecting robust demand, competitive market conditions, and active transaction volumes.

      Surging Property Values, Sales in Syracuse Real Estate Market Signal Potent Seller’s Era For Early 2024
      Market Reports|posted 4 April 2024

      The real estate market in Syracuse, New York is experiencing a surge in property values and sale prices, with homes typically selling above their listed prices.

      Albany Real Estate on the Rise: Average Property Values Climb to $250K by May 2024
      New York|posted 5 June 2024

      Albany, NY real estate market saw growth from June 2023-May 2024 with avg. property value rising from $239,900 to $250,000. Neighboring cities show varying patterns.

      Buffalo Real Estate Values Increase by $200k in 12 Months
      Market Reports|posted 29 April 2024

      The Buffalo, NY real estate market shows promising growth, with increases in both average home values and sales volume. Comparisons with neighboring cities reveal diverse market characteristics, offering varied opportunities for investors and homebuyers.