Is Seneca, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Seneca is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Seneca has remained a Seller's Market.

Key Takeaway

Seneca is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Seneca, SC

How much do homes in Seneca, SC cost?

Median Sold Price

$342,606

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$34,976(+11.4%)

Key Takeaway

Homes in Seneca have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in Seneca was $342,606 in May 2024, up 11.4% from last year, and the median price per square foot was $224.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $126.5K$299.5K
+136.8%
2 $165.2K$170.5K
+3.2%
3 $280.5K$271.7K
-3.1%
4 $472.5K$522.9K
+10.7%
5+ $1.1M$997.5K
-9.3%

Summary: Seneca housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 136.8%, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 9.3%.

Median Sold Price Compared To Nearby Cities

Seneca
+11.4%
Oakway
-4.3%

Housing Supply in Seneca, SC

How many homes are available in Seneca, SC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
256269+5.1%

Summary: The Seneca real estate market had 269 homes for sale in May 2024, a 5.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 66
0.0%
2 2325
+8.7%
3 126131
+4.0%
4 6365
+3.2%
5+ 3842
+10.5%

Summary: The Seneca housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 10.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
5563+14.5%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Seneca, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 63 homes were sold or pending in Seneca in May 2024, up by 14.5% month-over-month. Of the 63 sold homes, 57% were sold under asking, 25% were sold at asking, and 17% were sold over asking.

Days on Market for Seneca, SC

How long does it take to sell a home in Seneca, SC?

Average Sale Time

May 2023May 2024CHANGE
74 Days64 Days-13.5%

Summary: Homes in Seneca had an average of 64 days on market in May 2024, down by 13.5% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Seneca has remained consistent over time.

Summary: During May 2024, 63 homes were sold in Seneca; 22% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Seneca, SC

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