Syracuse, N.Y. — Average home sale prices are up at least $30,000 compared with this time a year ago in three Onondaga County towns, according to new data. The towns are Camillus, Onondaga and Tully. The increases in average prices range from a high of $49,800 in Tully to a low of $34,400 in Camillus. The numbers come from Central New York Information Service Inc., an arm of the Greater Syracuse Association of Realtors.
The figures reflect sales through Sept. 19. Average prices are higher than they were a year ago in 15 towns in the county plus the city of Syracuse. They’re lower in the other five towns. The number of homes listed for sale throughout Central New York is near historic lows, according to the Realtors association. The limited supply is pushing prices up. The median home sale price in the region in August was $231,000, up 15.5% compared with August 2022. Total sales were down over 23% to 814.
“Despite small gains in the number of homes listed for sale in Central New York, buyer competition for newly listed homes is continuing to drive price growth in August,” Nancy Quigg, Realtors association president, said in a news release.
The Central New York numbers reflect residential activity in Cayuga, Madison, Oneida, Onondaga, Oswego and Seneca counties.
Source: Syracuse.com
