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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Seneca is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Seneca was a Seller's Market.

Key Takeaway

Seneca is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Seneca, IL

How much do homes in Seneca, IL cost?

Median Sold Price

$219,000

$202/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$74,050(+51.1%)

Key Takeaway

Homes in Seneca have sold for 51.1% more than they did a month ago.

Summary: The median home sold price in Seneca was $219,000 in April 2024, up 51.1% from last month, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $144.9K$219K
+51.1%
4 --
N/A
5+ --
N/A

Summary: Seneca housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 51.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Seneca
+51.1%
Erienna Township
-32.8%

Housing Supply in Seneca, IL

How many homes are available in Seneca, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
98-11.1%

Summary: The Seneca real estate market had 8 homes for sale in April 2024, a 11.1% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 00
0.0%
3 65
-16.7%
4 22
0.0%
5+ 00
0.0%

Summary: The Seneca housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 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. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Seneca in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Seneca, IL

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

Average Sale Time

Mar 2024Apr 2024CHANGE
4 Days50 Days+1150.0%

Summary: Homes in Seneca had an average of 50 days on market in Apr 2024, up by 1150% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 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 April 2024, 1 homes were sold in Seneca; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 10 Days Ago

Newest Listings in Seneca, IL

Nearby Markets to Seneca, IL

What housing markets are near Seneca, IL?