$5,332 Closing Credit*
$449,000
1,800 SqFt
4 Beds
•2 Full Baths
Wayne A Phillips, Listing Office: Phillips Key Properties
Is Seneca, VA 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 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, VA
How much do homes in Seneca, VA cost?
Median Sold Price
$283,500
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,500(+3.1%)
Key Takeaway
Homes in Seneca have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Seneca was $283,500 in October 2024, up 3.1% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $240K | $254.9K | +6.2% |
| 3 Bedrooms | $279.9K | $278.5K | -0.5% |
| 4 Bedrooms | $263K | $435K | +65.4% |
| 5+ Bedrooms | $555K | $775K | +39.6% |
Summary: Seneca housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.2%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 65.4%, and 5+ bedroom homes increased by 39.6%.
Housing Supply in Seneca, VA
How many homes are available in Seneca, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 36 | +12.5% |
Summary: The Seneca real estate market had 36 homes for sale in October 2024, a 12.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 21 | 27 | +28.6% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
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 decreased by 33.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Seneca, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Seneca in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Seneca, VA
How long does it take to sell a home in Seneca, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 109 Days | 70 Days | -35.2% |
Summary: Homes in Seneca had an average of 70 days on market in Oct 2024, down by 35.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Seneca has remained consistent over time.
Summary: During October 2024, 8 homes were sold in Seneca; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
