$2,613 Closing Credit*
$220,000
1,176 SqFt
2 Beds
•2 Full Baths
Colin Dombek, Listing Office: Colin Dombek Realty Inc
Is Seneca County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Seneca County has remained a Seller's Market.
Key Takeaway
Seneca County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Seneca County, NY
How much do homes in Seneca County, NY cost?
Median Sold Price
$180,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,950(+12.5%)
Key Takeaway
Homes in Seneca County have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Seneca County was $180,000 in October 2024, up 12.5% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $186K | $305K | +64.0% |
| 2 Bedrooms | $120.5K | $125.5K | +4.1% |
| 3 Bedrooms | $160K | $175.5K | +9.7% |
| 4 Bedrooms | $190.9K | $220K | +15.2% |
| 5+ Bedrooms | $170.9K | $175K | +2.4% |
Summary: Seneca County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Counties
| Yates County | $236.5K | $295K | +24.7% |
| Seneca County | $160K | $180K | +12.5% |
| Wayne County | $200K | $225K | +12.5% |
| Ontario County | $279.5K | $302.5K | +8.2% |
| Cayuga County | $175.2K | $184.8K | +5.5% |
Housing Supply in Seneca County, NY
How many homes are available in Seneca County, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 74 | 66 | -10.8% |
Summary: The Seneca County real estate market had 66 homes for sale in October 2024, a 10.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 28 | 18 | -35.7% |
| 4 Bedrooms | 21 | 18 | -14.3% |
| 5+ Bedrooms | 16 | 20 | +25.0% |
Summary: The Seneca County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 35.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Seneca County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Seneca County in October 2024, up by 33.3% month-over-month. Of the 16 sold homes, 50% were sold under asking, 19% were sold at asking, and 31% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 17 Days | +23.4% |
Summary: Homes in Seneca County had an average of 17 days on market in Oct 2024, up by 23.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Seneca County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Seneca County; 88% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
IDX Disclaimer/Disclosure: The data on this website relating to real estate for sale comes in part from the IDX Program of the Multiple Listing Service of the Elmira-Corning Regional Association of REALTORS®, Inc.