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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Seneca Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Seneca Township has remained a Seller's Market.

Key Takeaway

Seneca Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Seneca Township, IL

How much do homes in Seneca Township, IL cost?

Median Sold Price

$389,900

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$64,900(+20.0%)

Key Takeaway

Homes in Seneca Township have sold for 20% more than they did a year ago.

Summary: The median home sold price in Seneca Township was $389,900 in November 2024, up 20% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$540K
N/A
2 $329K$292K
-11.2%
3 $235K$265K
+12.8%
4 $432.5K$410K
-5.2%
5+ $315K$445K
+41.3%

Summary: Seneca Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.2%, 3 bedroom homes increased by 12.8%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 41.3%.

Median Sold Price Compared To Nearby Cities

Marengo
+24.6%
Seneca Township
+20.0%
Dorr Township
+17.6%
Woodstock
+15.2%

Housing Supply in Seneca Township, IL

How many homes are available in Seneca Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
24240.0%

Summary: The Seneca Township real estate market had 24 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 44
0.0%
4 1312
-7.7%
5+ 66
0.0%

Summary: The Seneca Township 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 decreased by 7.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Seneca Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Seneca Township in November 2024, up by 133.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.

Days on Market for Seneca Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
15 Days23 Days+52.1%

Summary: Homes in Seneca Township had an average of 23 days on market in Nov 2024, up by 52.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 7 homes were sold in Seneca Township; 71% of homes were sold within 30 days, 29% 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 Township, IL

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What housing markets are near Seneca Township, IL?