Is Seneca County, NY 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 County has remained a Seller's Market.
Housing Prices in Seneca County, NY
How much do homes in Seneca County, NY cost?
Median Sold Price
$175,000
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Seneca County was $175,000 in April 2024, up 2.9% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $186K | $302.8K | +62.8% |
2 Bedrooms | $121K | $127.5K | +5.4% |
3 Bedrooms | $173.5K | $163.5K | -5.8% |
4 Bedrooms | $170K | $200K | +17.6% |
5+ Bedrooms | $230K | $170K | -26.1% |
Summary: Seneca County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 62.8%, 2 bedroom homes increased by 5.4%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 26.1%.
Median Sold Price Compared To Nearby Counties
Wayne County | $192K | $211.5K | +10.2% |
Yates County | $235K | $250K | +6.4% |
Seneca County | $170K | $175K | +2.9% |
Ontario County | $276K | $278.2K | +0.8% |
Cayuga County | $179.8K | $175K | -2.7% |
Housing Supply in Seneca County, NY
How many homes are available in Seneca County, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 38 | -17.4% |
Summary: The Seneca County real estate market had 38 homes for sale in April 2024, a 17.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 20 | 15 | -25.0% |
4 Bedrooms | 16 | 10 | -37.5% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Seneca County 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 25%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 8 | -46.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Seneca County in April 2024, down by 46.7% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Seneca County, NY
How long does it take to sell a home in Seneca County, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 59 Days | +86.1% |
Summary: Homes in Seneca County had an average of 59 days on market in Apr 2024, up by 86.1% 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
Summary: During April 2024, 8 homes were sold in Seneca County; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.