Is Seneca, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Seneca is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Seneca was a Buyer'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, IL

How much do homes in Seneca, IL cost?

Median Sold Price

$332,000

$148/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$107,000(+47.6%)

Key Takeaway

Homes in Seneca have sold for 47.6% more than they did a month ago.

Summary: The median home sold price in Seneca was $332,000 in November 2024, up 47.6% from last month, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $225K-
N/A
4 -$332K
N/A
5+ --
N/A

Summary: Seneca housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Seneca
+47.6%
Erienna Township
+6.2%
Brookfield Township
-5.0%

Housing Supply in Seneca, IL

How many homes are available in Seneca, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
910+11.1%

Summary: The Seneca real estate market had 10 homes for sale in November 2024, a 11.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 22
0.0%
4 66
0.0%
5+ 11
0.0%

Summary: The Seneca housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Seneca, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Seneca in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Seneca, IL

How long does it take to sell a home in Seneca, IL?

Average Sale Time

Oct 2024Nov 2024CHANGE
5 Days46 Days+830.0%

Summary: Homes in Seneca had an average of 46 days on market in Nov 2024, up by 830% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Seneca are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Seneca; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Seneca, IL

Nearby Markets to Seneca, IL

What housing markets are near Seneca, IL?