Is Seneca Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Seneca Township was a Neutral Market.
Housing Prices in Seneca Township, IL
How much do homes in Seneca Township, IL cost?
Median Sold Price
$357,500
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Seneca Township was $357,500 in March 2024, down 6.5% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $270K | $329K | +21.9% |
3 Bedrooms | $358K | $253K | -29.3% |
4 Bedrooms | $385K | $460K | +19.5% |
5+ Bedrooms | $475K | $377K | -20.6% |
Summary: Seneca Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.9%, 3 bedroom homes decreased by 29.3%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes decreased by 20.6%.
Median Sold Price Compared To Nearby Cities
Marengo | $241K | $320K | +32.8% |
Woodstock | $260K | $295.3K | +13.6% |
Dorr Township | $275.6K | $300K | +8.8% |
Coral Township | $430K | $415K | -3.5% |
Seneca Township | $382.5K | $357.5K | -6.5% |
Housing Supply in Seneca Township, IL
How many homes are available in Seneca Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 21 | +23.5% |
Summary: The Seneca Township real estate market had 21 homes for sale in March 2024, a 23.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 7 | 9 | +28.6% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Seneca Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
0 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Seneca Township in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Seneca Township, IL
How long does it take to sell a home in Seneca Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
9 Days | 5 Days | -38.9% |
Summary: Homes in Seneca Township had an average of 5 days on market in Mar 2024, down by 38.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Seneca Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.