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Featured local agent — Syracuse, NY
Sarah Mitchell
Compass Real Estate · Syracuse, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Syracuse, NY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$199,500median sale price
How is the Syracuse, NY housing market right now?
The median home sale price in Syracuse, NY is $199,500, up 7.3% year-over-year. Homes sell in an average of 26 days with 209 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Syracuse a buyer's or seller's market?
Syracuse, NY is currently a seller's market, based on 3.7 months of supply and homes selling in about 26 days. How we determine this →
Homes sold
56
Last 12 weeks
Days on market
26
Average pace
Active listings
209
3.7 months supply
Sale-to-list
104.4%
Above asking
What does the Syracuse housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $199,500 |
| Median list price | $194,900 |
| Year-over-year price change | +7.3% |
| Average days on market | 26 days |
| Active inventory | 209 listings |
| Months of supply | 3.7 months |
| Sale-to-list price ratio | 104.4% |
| Median price per sq ft | $128/sq ft |
| Homes sold (latest month) | 56 |
| New listings (latest month) | 127 |
| Listings with a price cut | 19.6% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Syracuse by property type?
How the Syracuse, NY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $198,000 | $138/sq ft | 38 | 21 days |
| Townhouse | $180,000 | $102/sq ft | 6 | 66 days |
Source: Redfin · Updated monthly
The Syracuse housing market is currently classified as a seller's market with a median sale price of $199,500. Prices have risen 7.3% compared to last year, with homes spending an average of 26 days on market, indicating 3.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.9x provides context for how home values compare to local earning capacity.
Homes for sale in Syracuse
There are currently 209 homes listed for sale in Syracuse, New York. The median listing price is $195K.
Active listings
209
Homes on market
Median list price
$195K
Avg. days on market
26
Days until sale
New this week
127
Newly listed
Who lives in Syracuse?
Population
146,211
Median income
$45,845/yr
Median age
31.9 years
Owner-occupied
41.3%
College grads
30.5%
Avg commute
17.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Syracuse?
Zillow home value
$225,918
Zillow rent index
$1,546/mo
Price-to-rent ratio
12.2x
Price-to-income
4.9x
Source: Zillow Research
What is it like to live in Syracuse?
Syracuse is a community of approximately 146K residents with a median age of 31.9 years.The median household income is $45,845, which represents a working-class community with solid middle-income opportunities. 30.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 41.3%, showing a blend of owner and renter-occupied properties. The average commute time is 17.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Syracuse offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Syracuse?
46 schools tracked · 25,834 students
The largest public schools serving Syracuse, NY by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
HENNINGER HIGH SCHOOL
Grades 9-12 · 1,443 students
NOTTINGHAM HIGH SCHOOL
Grades 9-12 · 1,297 students
CORCORAN HIGH SCHOOL
Grades 9-12 · 1,244 students
ONONDAGA-CORTLAND-MADISON BOCES
Grades K-12 · 1,089 students
PUBLIC SERVICE LEADERSHIP ACADEMY AT FOWLER
Grades 9-12 · 1,077 students
SYRACUSE ACADEMY OF SCIENCE CHARTER SCHOOL
Grades K-12 · 992 students
HUNTINGTON K-8 SCHOOL
Grades PK-8 · 871 students
FRAZER K-8 SCHOOL
Grades PK-8 · 787 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Syracuse, NY?
Want a head-to-head view? Compare Syracuse side-by-side with any other U.S. city using our market-comparison tool.
Is Syracuse a good real estate investment market?
For investors evaluating Syracuse, the price-to-rent ratio of 12.2x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 7.3% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Syracuse's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Syracuse's median home price.
Frequently asked questions
What is the average home price in Syracuse?
The median home sale price in Syracuse is $199,500, up 7.3% from last year.
How long do homes stay on market in Syracuse?
Homes typically spend 26 days on market before going under contract.
What is the median income in Syracuse?
The median household income is $45,845 per year.
Is Syracuse a buyer's or seller's market?
With 3.7 months of supply, Syracuse is currently a seller's market.
What is the Zillow home value estimate for Syracuse?
The Zillow Home Value Index (ZHVI) for Syracuse is $225,918, representing the typical home value in the area.
How much does a single-family home cost in Syracuse?
The median single-family home price in Syracuse, NY is $198,000 (about $138 per square foot).
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