Is Seneca, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Seneca has remained a Seller's Market.
Housing Prices in Seneca, SC
How much do homes in Seneca, SC cost?
Median Sold Price
$342,606
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Seneca was $342,606 in May 2024, up 11.4% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $126.5K | $299.5K | +136.8% |
2 Bedrooms | $165.2K | $170.5K | +3.2% |
3 Bedrooms | $280.5K | $271.7K | -3.1% |
4 Bedrooms | $472.5K | $522.9K | +10.7% |
5+ Bedrooms | $1.1M | $997.5K | -9.3% |
Summary: Seneca housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 136.8%, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 9.3%.
Median Sold Price Compared To Nearby Cities
Seneca | $307.6K | $342.6K | +11.4% |
Oakway | $385K | $368.5K | -4.3% |
Housing Supply in Seneca, SC
How many homes are available in Seneca, SC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
256 | 269 | +5.1% |
Summary: The Seneca real estate market had 269 homes for sale in May 2024, a 5.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 23 | 25 | +8.7% |
3 Bedrooms | 126 | 131 | +4.0% |
4 Bedrooms | 63 | 65 | +3.2% |
5+ Bedrooms | 38 | 42 | +10.5% |
Summary: The Seneca 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 increased by 8.7%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
55 | 63 | +14.5% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 63 homes were sold or pending in Seneca in May 2024, up by 14.5% month-over-month. Of the 63 sold homes, 57% were sold under asking, 25% were sold at asking, and 17% were sold over asking.
Days on Market for Seneca, SC
How long does it take to sell a home in Seneca, SC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
74 Days | 64 Days | -13.5% |
Summary: Homes in Seneca had an average of 64 days on market in May 2024, down by 13.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During May 2024, 63 homes were sold in Seneca; 22% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.