Is Seneca County, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Seneca County is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Seneca County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Seneca County, NY

How much do homes in Seneca County, NY cost?

Median Sold Price

$175,000

$110/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$5,000(+2.9%)

Key Takeaway

Homes in Seneca County have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in Seneca County was $175,000 in February 2024, up 2.9% from last year, and the median price per square foot was $110.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $186K$302.8K
+62.8%
2 $123.5K$125K
+1.2%
3 $174.5K$160K
-8.3%
4 $162K$206K
+27.2%
5+ $230K$172.4K
-25.0%

Summary: Seneca County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 62.8%, 2 bedroom homes increased by 1.2%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 27.2%, and 5+ bedroom homes decreased by 25%.

Median Sold Price Compared To Nearby Counties

Wayne County
+8.3%
Ontario County
+7.7%
Yates County
+6.4%
Seneca County
+2.9%
Cayuga County
-1.7%

Housing Supply in Seneca County, NY

How many homes are available in Seneca County, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
6249-21.0%

Summary: The Seneca County real estate market had 49 homes for sale in February 2024, a 21.0% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 2421
-12.5%
4 2013
-35.0%
5+ 119
-18.2%

Summary: The Seneca County 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 decreased by 14.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 35%, and 5+ bedroom homes decreased by 18.2%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1514-6.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Seneca County, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Seneca County in February 2024, down by 6.7% month-over-month. Of the 14 sold homes, 64% were sold under asking, 0% were sold at asking, and 36% were sold over asking.

Days on Market for Seneca County, NY

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

Average Sale Time

Feb 2023Feb 2024CHANGE
24 Days33 Days+39.0%

Summary: Homes in Seneca County had an average of 33 days on market in Feb 2024, up by 39% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 14 homes were sold in Seneca County; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% 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 28 Days Ago

Newest Listings in Seneca County, NY

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