Syracuse, NY home prices and housing market

Syracuse home values just climbed nearly 7 percent in a year, and sellers hold almost all the cards. If you own a home here and have wondered about selling, this is one of the friendliest markets you could ask for. The typical home is now worth about two hundred forty-two thousand dollars, up roughly 6.7 percent from a year ago. The engine behind that gain is supply. There are only about 230 homes for sale in the whole city, and just 172 new listings came on this month. Buyers have very little to choose from, and you can see it in seller behavior. Only about 4 percent of listings have cut their price, so almost nobody is chasing buyers down. But here is the catch. The median list price sits near two hundred seventy thousand dollars, well above that typical value, and homes still take about 44 days to sell. Sellers are aiming high and mostly getting it, but not overnight. So price within reach of what the numbers support, and you can move quickly at a strong figure while competition stays thin. To see what your home could sell for today, get a free home value estimate at Home Value Pros dot com.