Is Seneca Falls, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Seneca Falls has remained a Seller's Market.
Housing Prices in Seneca Falls, NY
How much do homes in Seneca Falls, NY cost?
Median Sold Price
$175,000
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Seneca Falls was $175,000 in February 2024, up 20.7% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $134.2K | $302.8K | +125.6% |
2 Bedrooms | $121K | $125K | +3.3% |
3 Bedrooms | $145K | $161.5K | +11.4% |
4 Bedrooms | $184.5K | $240K | +30.1% |
5+ Bedrooms | $258.7K | $175K | -32.4% |
Summary: Seneca Falls housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 125.6%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 30.1%, and 5+ bedroom homes decreased by 32.4%.
Housing Supply in Seneca Falls, NY
How many homes are available in Seneca Falls, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
30 | 23 | -23.3% |
Summary: The Seneca Falls real estate market had 23 homes for sale in February 2024, a 23.3% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 11 | 11 | 0.0% |
4 Bedrooms | 10 | 6 | -40.0% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Seneca Falls 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 20%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Seneca Falls in February 2024, up by 12.5% month-over-month. Of the 9 sold homes, 78% were sold under asking, 0% were sold at asking, and 22% were sold over asking.
Days on Market for Seneca Falls, NY
How long does it take to sell a home in Seneca Falls, NY?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
31 Days | 39 Days | +25.8% |
Summary: Homes in Seneca Falls had an average of 39 days on market in Feb 2024, up by 25.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 9 homes were sold in Seneca Falls; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.