Is Seneca, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Seneca has remained a Seller's Market.
Housing Prices in Seneca, VA
How much do homes in Seneca, VA cost?
Median Sold Price
$281,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Seneca was $281,000 in April 2024, up 4.1% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $86.4K | $249.9K | +189.1% |
3 Bedrooms | $259.9K | $282K | +8.5% |
4 Bedrooms | $362.4K | $389.4K | +7.4% |
5+ Bedrooms | $497.5K | $785.2K | +57.8% |
Summary: Seneca housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 189.1%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 57.8%.
Housing Supply in Seneca, VA
How many homes are available in Seneca, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 31 | +55.0% |
Summary: The Seneca real estate market had 31 homes for sale in April 2024, a 55.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 14 | 15 | +7.1% |
4 Bedrooms | 4 | 11 | +175.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Seneca housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 175%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 9 | -10.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Seneca in April 2024, down by 10.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 35 Days | -4.2% |
Summary: Homes in Seneca had an average of 35 days on market in Apr 2024, down by 4.2% 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 April 2024, 9 homes were sold in Seneca; 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.