Is Oswego, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Oswego has remained a Seller's Market.
Key Takeaway
Oswego is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oswego, NY
How much do homes in Oswego, NY cost?
Median Sold Price
$156,933
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Oswego have sold for 15.7% more than they did a year ago.
Summary: The median home sold price in Oswego was $156,933 in May 2024, up 15.7% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82K | $147.7K | +80.2% |
| 2 Bedrooms | $90K | $110K | +22.2% |
| 3 Bedrooms | $140K | $150K | +7.1% |
| 4 Bedrooms | $155K | $190.6K | +23.0% |
| 5+ Bedrooms | $225.4K | $163.4K | -27.5% |
Summary: Oswego housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 80.2%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 23%, and 5+ bedroom homes decreased by 27.5%.
Median Sold Price Compared To Nearby Cities
| Scriba | $187.7K | $230K | +22.5% |
| Oswego | $135.6K | $156.9K | +15.7% |
Housing Supply in Oswego, NY
How many homes are available in Oswego, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 88 | 88 | 0.0% |
Summary: The Oswego real estate market had 88 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 41 | 40 | -2.4% |
| 4 Bedrooms | 21 | 22 | +4.8% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Oswego housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 26 | +23.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oswego, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Oswego in May 2024, up by 23.8% month-over-month. Of the 26 sold homes, 42% were sold under asking, 12% were sold at asking, and 46% were sold over asking.
Days on Market for Oswego, NY
How long does it take to sell a home in Oswego, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 15 Days | +18.0% |
Summary: Homes in Oswego had an average of 15 days on market in May 2024, up by 18% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Oswego are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 26 homes were sold in Oswego; 85% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
