top of page

Syracuse Real Estate Market : Trends & Forecast

Writer's picture: Daniel sistoDaniel sisto

In many ways the Syracuse real estate market is different from the rest of the country, when compared to cities like San Francisco, Dallas, Denver and San Diego, just as a short list. The Syracuse real estate market is much more affordable, less volatile and we experience far less appreciation. There are several economic conditions that create this housing market in which we live in, such as; population growth, job growth, unemployment rates, demographics, income level along with several other factors.

The housing recession hit our country in 2007 and lasted until 2009. The Syracuse real estate market was not hit as severe as several other states who experience high levels of volatility and appreciation. As you can see from the chart below, we have had no drastic dips or increases from the 2007 housing crisis. This chart shows you that the median sales prices since 2007 have steadily rose, but have begin to top out or slightly decrease. The spikes that you see from the chart below are the spring and summer months, when we can expect our highest prices throughout the year


Syracuse Median Sales Prices - 2000 - 2016

Syracuse Real Estate Market - Positives

Even though we do not experience high appreciation rates, increased population growth and job growth, our market does offer some positive factors. Syracuse NY is ranked as one of the most affordable housing markets in the nation. An affordable housing market is defined as the total monthly payment, including taxes and insurance is under 28% of the median income.


3 views0 comments

Recent Posts

See All

We are committed to serving you with quality and value. We believe that everyone deserves to have an alternate, hassle free home selling solution. We offer our expertise to get you the outcome you want.

Reserve A Complimentary Property Consultation With the Experts at

HS Property Funds 

315-516-8023

5701 East Circle Drive #163

Cicero NY, 13039

  • Wix Facebook page
  • Wix Twitter page
  • Wix Google+ page
bottom of page