Is Seneca, SC 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 October 2023

Since last year, Seneca has remained a Seller'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, SC

How much do homes in Seneca, SC cost?

Median Sold Price

$368,666

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$63,666(+20.9%)

Key Takeaway

Homes in Seneca have sold for 20.9% more than they did a year ago.

Summary: The median home sold price in Seneca was $368,666 in October 2024, up 20.9% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $292.1K$183.5K
-37.2%
2 $161.9K$194K
+19.8%
3 $275K$290K
+5.5%
4 $490K$537.5K
+9.7%
5+ $760K$1.1M
+53.5%

Summary: Seneca housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.2%, 2 bedroom homes increased by 19.8%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 53.5%.

Median Sold Price Compared To Nearby Cities

Seneca
+20.9%
Oakway
+3.3%

Housing Supply in Seneca, SC

How many homes are available in Seneca, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
230248+7.8%

Summary: The Seneca real estate market had 248 homes for sale in October 2024, a 7.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 1819
+5.6%
3 103115
+11.7%
4 6768
+1.5%
5+ 3842
+10.5%

Summary: The Seneca 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 increased by 5.6%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 10.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3846+21.1%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

5 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. 67.4% of homes here sold below asking price last month.

Summary: A total of 46 homes were sold or pending in Seneca in October 2024, up by 21.1% month-over-month. Of the 46 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% 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

Oct 2023Oct 2024CHANGE
50 Days74 Days+49.6%

Summary: Homes in Seneca had an average of 74 days on market in Oct 2024, up by 49.6% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 46 homes were sold in Seneca; 15% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 20% 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 16 Days Ago

Newest Listings in Seneca, SC

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