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 neutral's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

Seneca County 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 County, NY

How much do homes in Seneca County, NY cost?

Median Sold Price

$180,000

$114/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$11,500(+6.8%)

Key Takeaway

Homes in Seneca County have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Seneca County was $180,000 in September 2024, up 6.8% from last year, and the median price per square foot was $114.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $186K$305K
+64.0%
2 $115K$126K
+9.6%
3 $160.5K$175.5K
+9.3%
4 $192.9K$200K
+3.7%
5+ $175K$180K
+2.9%

Summary: Seneca County housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 2.9%.

Median Sold Price Compared To Nearby Counties

Yates County
+13.8%
Wayne County
+10.3%
Ontario County
+7.1%
Seneca County
+6.8%
Cayuga County
+1.7%

Housing Supply in Seneca County, NY

How many homes are available in Seneca County, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
8569-18.8%

Summary: The Seneca County real estate market had 69 homes for sale in September 2024, a 18.8% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 10
-100.0%
2 109
-10.0%
3 3625
-30.6%
4 2221
-4.5%
5+ 1614
-12.5%

Summary: The Seneca County housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 30.6%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1910-47.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 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. 40% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Seneca County in September 2024, down by 47.4% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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

Sep 2023Sep 2024CHANGE
16 Days22 Days+31.6%

Summary: Homes in Seneca County had an average of 22 days on market in Sep 2024, up by 31.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were 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 County are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 10 homes were sold in Seneca County; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% 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 30 Days Ago

Newest Listings in Seneca County, NY

Nearby Markets to Seneca County, NY

What housing markets are near Seneca County, NY?