Is the housing market slowing down in Syracuse, NY?
Yes — sales activity in Syracuse, NY is down. 324 homes sold during May 2026, against 391 in the same months a year earlier, a drop of 17%.
This page is about how many homes changed hands, not what they cost. The two move separately: prices are set by the homes that did sell, and volume tells you how many people managed to transact at all. A market can hold its prices while activity quietly drains out of it.
The change clears both tests we require before naming a direction: it is more than 3% in relative terms, and it is larger than the ordinary month-to-month variation you would expect on a market that sells 324 homes at a time.
The longer view, all measured over the May window so the season is held constant: 489 homes sold two years ago, 391 last year, 324 now. Activity is meaningfully below where it was two years ago.
What is on the shelf next to what is selling: 953 homes were on the market in Syracuse, NY, and 324 sold. At that pace it would take about 2.9 months to clear them all. There are more buyers than homes for sale. Sellers have the edge.
Every comparison on this page is to the SAME calendar months a year earlier, never to last month. Home sales roughly double between January and May in most of the country, so a month-over-month reading would tell you about the season and nothing about the market.
Source: Redfin's published market data for the Syracuse, NY area, through May 2026.
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More about the Syracuse, NY market
- When is the best month to sell a house in Syracuse, NY?
- How long does it take to sell a house in Syracuse, NY?
- Do homes sell above asking price in Syracuse, NY?
- Are home prices going up or down in Syracuse, NY?
- Is Syracuse, NY a buyer's market or a seller's market?
- Are sellers cutting prices in Syracuse, NY?
- What is the average home price in Syracuse, NY?
- How many homes are for sale in Syracuse, NY?
- All Syracuse, NY housing numbers
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Figures come from Redfin's published market data for the Syracuse, NY area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.