Syracuse - NY housing market
The Syracuse metro has a typical home value of $270,832, up 6.7% from a year ago. Homes are moving fast at 8 days on market, a strong seller's market. Data from Zillow Research, updated monthly.
Syracuse housing market, October 2026
The typical Syracuse home is worth $270,832 as of August 2026, up 0.6% from the prior month, up 1.7% over three months, and up 6.7% from a year ago. Over the past two years values have ranged from $242,585 to $270,832.
Homes are going pending in about 8 days, slower than the 6 days seen three months earlier. There are roughly 1,397 homes for sale, 10% more than a year ago. 18.8% of listings have taken a price cut (up from 12.4% three months ago).
Typical rent is $1,607 a month, up 3.8% year over year, which puts the price-to-rent ratio at 14.0.
At this week's 7.40% mortgage rate with 20% down ($54,166), the typical Syracuse home costs about $1,839 a month including tax and insurance, which needs a household income of roughly $78,800 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($270,832) is the Zillow Home Value Index for the Syracuse - NY metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 6.7% over the past year. In Syracuse - NY, that means a home worth $253,826 last year is now worth roughly $270,832.
The median sale price, what homes actually close for, is $267,214. Homes are selling at 104.8% of list price, meaning buyers are typically paying at or above asking.
Homes listed in Syracuse - NY sit on the market for roughly 8 days before going pending. Shorter = seller's market; longer = buyer's market.
About 18.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 700 new listings hit the market each month in Syracuse - NY. There are currently 1,397 homes for sale, up 9.9% from a year ago.
The typical monthly rent in Syracuse - NY is $1,607, up 3.8% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 14.0x, buying territory (#167 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,500 a month in principal and interest, $107 less than renting before taxes, insurance and upkeep. The two break even at a 8.11% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →
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Other metros in NY
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| New York - NY | $735,075 | +4.7% | 30.0d |
| Buffalo - NY | $291,683 | +4.1% | 11.0d |
| Rochester - NY | $286,834 | +4.9% | 9.0d |
| Albany - NY | $375,358 | +5.3% | 8.0d |
| Utica - NY | $233,378 | +6.8% | 17.0d |
| Binghamton - NY | $204,127 | +6.7% | 13.0d |