Is Seneca Township, MI 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 Last Month

Since last month, 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, MI

How much do homes in Seneca Township, MI cost?

Median Sold Price

$42,000

$45/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$118,000(-73.8%)

Key Takeaway

Homes in Seneca Township have sold for 73.7% less than they did a month ago.

Summary: The median home sold price in Seneca Township was $42,000 in October 2024, down 73.8% from last month, and the median price per square foot was $45.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $160K$42K
-73.8%
4 --
N/A
5+ --
N/A

Summary: Seneca Township housing prices by bedroom type for October 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 decreased by 73.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Fairfield Township
-58.8%
Seneca Township
-73.8%

Housing Supply in Seneca Township, MI

How many homes are available in Seneca Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
440.0%

Summary: The Seneca Township real estate market had 4 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 00
0.0%
3 33
0.0%
4 00
0.0%
5+ 00
0.0%

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

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was 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 Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Seneca Township in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Seneca Township, MI

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

Average Sale Time

Sep 2024Oct 2024CHANGE
112 Days49 Days-56.3%

Summary: Homes in Seneca Township had an average of 49 days on market in Oct 2024, down by 56.3% compared to last month.

Breakdown of Home Sale Times

0 Homes Were 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

Avg time on Rocket Homes in Seneca Township has remained consistent over time.

Summary: During October 2024, 1 homes were sold in Seneca Township; 0% of homes were sold within 30 days, 100% 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 14 Days Ago

Newest Listings in Seneca Township, MI

Nearby Markets to Seneca Township, MI

What housing markets are near Seneca Township, MI?