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 December 2021

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.

How much do homes in Seneca County, NY cost?

Median Sold Price

$174,000

$106/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$36,153(+26.2%)

Key Takeaway

Homes in Seneca County have sold for 26.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $59.9K$173.7K
+190.0%
2 $130K$128K
-1.5%
3 $137.7K$175K
+27.0%
4 $150K$161K
+7.3%
5+ $218.4K$230K
+5.3%

Median Sold Price Compared To Nearby Counties

Seneca County
+26.2%
Ontario County
+10.2%
Wayne County
+9.4%
Cayuga County
+4.5%
Yates County
+1.3%

How many homes are available in Seneca County, NY?

Number of Homes For Sale

Nov 2022Dec 2022%
7051-27.1%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 10
-100.0%
2 117
-36.4%
3 3323
-30.3%
4 2014
-30.0%
5+ 57
+40.0%

Number of Homes Sold

Nov 2022Dec 2022%
2012-40.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 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 could pay more than the asking price. 41.7% of homes here sold above asking price last month.

Average Sale Time

Dec 2021Dec 2022%
23 Days23 Days+0.7%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 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 County are selling fast, if you're buying plan to act quickly.

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

About Seneca County, NY

Homes for sale in Seneca County, NY have reached 51. The inventory of homes for sale in Seneca County, NY between November 2022 and December 2022 decreased by 27.1%. In December 2022, listings were on the market for 23 days. During the same period, the median list price in this real estate market was $174,000. Real estate listing prices changed between November 2022 and December 2022: 1 bedroom properties became 190% more expensive, 2 bedrooms properties prices decreased by 1.5%, the cost of 3 bedrooms properties went up by 27%, the cost of 4 bedrooms properties went up by 7.3%, 5 bedrooms properties prices increased by 5.3%. This housing market inventory have changed: 1 bedroom homes became 100% less available, 2 bedrooms homes inventory decreased by 36.4%, 3 bedrooms homes inventory decreased by 30.3%, 4 bedrooms homes inventory decreased by 30%, 5 bedrooms homes inventory increased by 40%. While more than 5 listings in Seneca County, NY in December 2022 were sold above asking price, there were more than 3 listings sold at asking price, and more than 4 were sold below.

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