Is Seneca, NY 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 Last Month

Since last month, 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, NY

How much do homes in Seneca, NY cost?

Median Sold Price

$342,000

$79/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$67,000(+24.4%)

Key Takeaway

Homes in Seneca have sold for 24.4% more than they did a month ago.

Summary: The median home sold price in Seneca was $342,000 in February 2024, up 24.4% from last month, and the median price per square foot was $79.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $275K-
N/A
5+ -$342K
N/A

Summary: Seneca housing prices by bedroom type for February 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Stanley
+90.0%
Seneca
+24.4%

Housing Supply in Seneca, NY

How many homes are available in Seneca, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
32-33.3%

Summary: The Seneca real estate market had 2 homes for sale in February 2024, a 33.3% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 11
0.0%
4 10
-100.0%
5+ 11
0.0%

Summary: The Seneca housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 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, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Seneca in February 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Seneca, NY

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

Average Sale Time

Jan 2024Feb 2024CHANGE
28 Days24 Days-14.3%

Summary: Homes in Seneca had an average of 24 days on market in Feb 2024, down by 14.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 1 homes were sold in Seneca; 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 27 Days Ago

Newest Listings in Seneca, NY

Nearby Markets to Seneca, NY