Syracuse Home Values Jump 12%, Northeast Standout
Syracuse Housing Market Delivers Strong Year-Over-Year Growth Syracuse's residential real estate market is rising rapidly, defying national trends. The sector has shown explosive price appreciation, reshaping the Central New York marketplace. In the first quarter of 2025, median home prices surged approximately 18% year-over-year, reaching $234,300. This dramatic growth has taken industry observers by surprise. Moreover, experts warn that while Syracuse flourishes, affordability issues prevalent in the national market could become a concern if trends continue unchecked. According to multiple data sources, the momentum is sustained. Zillow's Home Value Index recorded an 8.3% increase over the past year, with average home values at $202,797. Redfin's analysis in May 2025 indicates even more aggressive growth. They documented a 21.7% year-over-year price surge, with median values reaching $181,000. This unprecedented appreciation is triggering changes in buyer behavior. Purch...