Is Seneca, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Seneca has remained a Seller's Market.
Key Takeaway
Seneca is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Seneca, VA
How much do homes in Seneca, VA cost?
Median Sold Price
$280,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Seneca have sold for 12% more than they did a year ago.
Summary: The median home sold price in Seneca was $280,000 in March 2024, up 12% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $94.9K | $249.9K | +163.3% |
| 3 Bedrooms | $250K | $282K | +12.8% |
| 4 Bedrooms | $370K | $291.5K | -21.2% |
| 5+ Bedrooms | $625K | $665K | +6.4% |
Summary: Seneca housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 163.3%, 3 bedroom homes increased by 12.8%, 4 bedroom homes decreased by 21.2%, and 5+ bedroom homes increased by 6.4%.
Housing Supply in Seneca, VA
How many homes are available in Seneca, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 35 | +133.3% |
Summary: The Seneca real estate market had 35 homes for sale in March 2024, a 133.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 3 | +100.0% |
| 3 Bedrooms | 7 | 18 | +157.1% |
| 4 Bedrooms | 5 | 12 | +140.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Seneca housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 157.1%, 4 bedroom homes increased by 140%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Seneca, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Seneca in March 2024, up by 125.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Seneca, VA
How long does it take to sell a home in Seneca, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 73 Days | +73.7% |
Summary: Homes in Seneca had an average of 73 days on market in Mar 2024, up by 73.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Seneca are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Seneca; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.