Market Intelligence Report — NY-060

Syracuse, NY

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-NY-08
As of the latest 2026 data
Very Competitive

Median Listing

$315K
+1.0% YoY

Pending Ratio

1.92
-11.1% YoY

Active Inventory

1,025
+16.4% YoY

Median DOM

50 Days
+8.7% YoY

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The Syracuse market is currently exhibiting very competitive conditions, driven by a pending ratio of 1.92, indicating that demand significantly outpaces available inventory. This dynamic is observed despite a year-over-year increase in active listings, which has not alleviated the underlying demand pressure.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

4.1%+0.2 pp YoY

Unemployment rate · Jul 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

652,273-0.2% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Syracuse market right now.

Active listings have expanded by 16.4% year-over-year, alongside a 12.7% increase in new listings, suggesting an improvement in supply volume. However, the pending ratio, while robust at 1.92, has declined by 11.1% over the past year, indicating some moderation from prior peaks. Median listing price growth remains modest at 1.0% year-over-year, while median days on market increased by 8.7% over the past year to 50 days.

Historical Analysis

Market Trends

Median Price

$315K-2.3% MoM

Active Inventory

1,025+16.4% YoY

Days on Market

50+8.7% YoY

Sold Score™

81-11.1% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

81
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The exceptionally high pending ratio of 1.92 suggests strong demand absorption, exerting upward pressure on transaction pace and limiting buyer optionality. This environment generally necessitates rapid decision-making and potentially less flexibility on price for prospective purchasers. The current inventory pressure is substantial, favoring price discipline from sellers.

Luxury Segment

The average listing price has risen by 9.4% year-over-year, while the median listing price increased by a more modest 1.0% year-over-year, contributing to an elevated average-to-median price spread. However, median $/sqft also saw a healthy 6.9% year-over-year increase, suggesting broad-based price appreciation that tempers any strong signal of luxury segment weakness at present.

Supply Dynamics

1,025 active listings represent the current floor, with new supply arriving at roughly 676 per month.

Pricing Pressure
8.1%

of active listings carry a price reduction, -1.4% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +6.9% year-over-year.

Absorption
1.92

Pending-to-active ratio — Very Competitive.

Recommended For This Market

Very Competitive

Selling in Syracuse, NY? Homes here are taking 4 days longer to sell than last year.

Demand in Syracuse, NY is outpacing supply. Well-prepared listings are still clearing quickly — pricing to the current pace matters more than waiting.

Buyer Demand Index
192%
Median Days on Market
50 days
Inventory YoY
+16%

Demand is strong in Syracuse, NY. Check your Sold Score before you price — conditions this favorable don't hold forever.

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Metro Demographics

Metro Area
Syracuse, NY
CBSA Code
45060
State
NY

ZIPs in Syracuse, NY

Sorted by active inventory · click a ZIP for its full report

Analysis FAQ
  • What is the current market condition in Syracuse?+

    As of the latest 2026 data, the Syracuse metro is classified as Very Competitive. Pending ratio is 1.92 with median days on market at 50.

  • Are home prices dropping in Syracuse?+

    Median listing price is $315K, +1.0% year over year. 8.1% of active listings carry a price reduction.

  • How fast are homes selling in Syracuse?+

    The typical listing sits 50 days on market, a +8.7% change YoY. New listings are arriving at 676 per month.

  • What's happening in the Syracuse luxury market?+

    The average listing price has risen by 9.4% year-over-year, while the median listing price increased by a more modest 1.0% year-over-year, contributing to an elevated average-to-median price spread. However, median $/sqft also saw a healthy 6.9% year-over-year increase, suggesting broad-based price appreciation that tempers any strong signal of luxury segment weakness at present.

  • Where can I find a trusted Syracuse real estate expert?+

    Primpted maintains a vetted registry of Syracuse agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 45060 · 36mo history