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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Seneca Township is a seller's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Seneca Township was a Neutral Market.

Key Takeaway

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

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

-$25,000(-6.5%)

Key Takeaway

Homes in Seneca Township have sold for 6.5% less than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $270K$329K
+21.9%
3 $358K$253K
-29.3%
4 $385K$460K
+19.5%
5+ $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
+32.8%
Woodstock
+13.6%
Dorr Township
+8.8%
Coral Township
-3.5%
Seneca Township
-6.5%

Housing Supply in Seneca Township, IL

How many homes are available in Seneca Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1721+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

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 00
0.0%
3 79
+28.6%
4 68
+33.3%
5+ 33
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 2024Mar 2024CHANGE
04+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Seneca Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.

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 2023Mar 2024CHANGE
9 Days5 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Seneca Township are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 18 Days Ago

Newest Listings in Seneca Township, IL

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What housing markets are near Seneca Township, IL?