East Syracuse, NY 13057 Real Estate Market Report

ZIP Code: 13057
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in East Syracuse is currently characterized by a median sold price of $224,999, reflecting a market that has seen a down trend in prices year-over-year. Homes are taking longer to sell, with a median days on market of 314, indicating a slower sales velocity and potential pricing friction. The market temperature is assessed as neutral, suggesting a balance between buyer and seller expectations, although the elevated inventory levels may indicate a slight buyer advantage in negotiations.

Despite the price declines, the region shows signs of long-term economic optimism driven by significant investments in Central New York. The median market rent stands at $1,367, which has seen an up trend year-over-year, indicating a potential opportunity for investors in rental properties. However, the property tax rate of 2.44% may impact overall investment returns, necessitating careful consideration by prospective buyers and investors alike.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in East Syracuse are averaging 6.41% compared to 6.24% a year ago, presenting a slight increase for property owners.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $224,999 indicates a down trend in property values, reflecting current market conditions.

2. Homes are experiencing a median days on market of 314, suggesting slower sales velocity and potential pricing friction.

3. The market temperature is assessed as neutral, indicating balanced conditions between buyers and sellers.

4. Elevated inventory levels relative to sales activity may suggest down pressure on prices in the near term.

5. The median market rent of $1,367 has increased, indicating a growing demand for rental properties despite the overall price decline in sales.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.