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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Seneca is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Seneca was a Seller's Market.

Key Takeaway

Seneca is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Seneca, SC

How much do homes in Seneca, SC cost?

Median Sold Price

$369,666

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$64,666(+21.2%)

Key Takeaway

Homes in Seneca have sold for 21.2% more than they did a year ago.

Summary: The median home sold price in Seneca was $369,666 in November 2024, up 21.2% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $299.5K$60K
-80.0%
2 $165K$186K
+12.7%
3 $275K$297K
+8.0%
4 $485K$549.4K
+13.3%
5+ $760K$1.3M
+80.9%

Summary: Seneca housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 80%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 80.9%.

Median Sold Price Compared To Nearby Cities

Seneca
+21.2%
Oakway
+1.4%

Housing Supply in Seneca, SC

How many homes are available in Seneca, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2362360.0%

Summary: The Seneca real estate market had 236 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 53
-40.0%
2 1921
+10.5%
3 110112
+1.8%
4 6163
+3.3%
5+ 4137
-9.8%

Summary: The Seneca housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 9.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4930-38.8%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

7 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. 53.6% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Seneca in November 2024, down by 38.8% month-over-month. Of the 28 sold homes, 54% were sold under asking, 21% were sold at asking, and 25% 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

Nov 2023Nov 2024CHANGE
76 Days72 Days-4.7%

Summary: Homes in Seneca had an average of 72 days on market in Nov 2024, down by 4.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

5 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 November 2024, 30 homes were sold in Seneca; 13% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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, SC

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