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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Seneca is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Seneca was a Seller's Market.

Key Takeaway

Seneca is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Seneca, MO

How much do homes in Seneca, MO cost?

Median Sold Price

$153,000

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$36,900(-19.4%)

Key Takeaway

Homes in Seneca have sold for 19.4% less than they did a year ago.

Summary: The median home sold price in Seneca was $153,000 in September 2024, down 19.4% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $81K$105K
+29.6%
2 $68K$95K
+39.7%
3 $193.2K$156.5K
-19.0%
4 $194.5K$330K
+69.7%
5+ $440.7K-
N/A

Summary: Seneca housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.6%, 2 bedroom homes increased by 39.7%, 3 bedroom homes decreased by 19%, 4 bedroom homes increased by 69.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Buffalo Township
-0.7%
Seneca Township
-14.3%
Seneca
-19.4%

Housing Supply in Seneca, MO

How many homes are available in Seneca, MO?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2221-4.5%

Summary: The Seneca real estate market had 21 homes for sale in September 2024, a 4.5% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 119
-18.2%
4 44
0.0%
5+ 33
0.0%

Summary: The Seneca housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
83-62.5%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Seneca, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Seneca in September 2024, down by 62.5% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.

Days on Market for Seneca, MO

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

Average Sale Time

Sep 2023Sep 2024CHANGE
98 Days62 Days-37.0%

Summary: Homes in Seneca had an average of 62 days on market in Sep 2024, down by 37% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 3 homes were sold in Seneca; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 22 Days Ago

Newest Listings in Seneca, MO

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