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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Seneca Falls is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

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

+$30,000(+20.7%)

Key Takeaway

Homes in Seneca Falls have sold for 20.7% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $134.2K$302.8K
+125.6%
2 $121K$125K
+3.3%
3 $145K$161.5K
+11.4%
4 $184.5K$240K
+30.1%
5+ $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 2024Feb 2024CHANGE
3023-23.3%

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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 1111
0.0%
4 106
-40.0%
5+ 42
-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 2024Feb 2024CHANGE
89+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Seneca Falls, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
31 Days39 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 27 Days Ago

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