Is Seneca County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Seneca County was a Seller's Market.
Housing Prices in Seneca County, NY
How much do homes in Seneca County, NY cost?
Median Sold Price
$177,900
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Seneca County was $177,900 in May 2024, up 2.8% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $142.5K | $400.6K | +181.1% |
2 Bedrooms | $121K | $125K | +3.3% |
3 Bedrooms | $175K | $168.5K | -3.7% |
4 Bedrooms | $174K | $205.5K | +18.1% |
5+ Bedrooms | $230K | $170K | -26.1% |
Summary: Seneca County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 181.1%, 2 bedroom homes increased by 3.3%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes decreased by 26.1%.
Median Sold Price Compared To Nearby Counties
Yates County | $227.5K | $258K | +13.4% |
Wayne County | $190.5K | $211.3K | +10.9% |
Seneca County | $173K | $177.9K | +2.8% |
Ontario County | $281.2K | $279.8K | -0.5% |
Cayuga County | $178.4K | $176.6K | -1.1% |
Housing Supply in Seneca County, NY
How many homes are available in Seneca County, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 46 | +4.5% |
Summary: The Seneca County real estate market had 46 homes for sale in May 2024, a 4.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 3 | -40.0% |
3 Bedrooms | 20 | 20 | 0.0% |
4 Bedrooms | 10 | 13 | +30.0% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Seneca County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes remained the same, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 5 | -44.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Seneca County in May 2024, down by 44.4% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 11 Days | -63.3% |
Summary: Homes in Seneca County had an average of 11 days on market in May 2024, down by 63.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Seneca County; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.