A property in Seneca Falls sold for $272,500, leading residential real estate transactions in Seneca County for the period between September 20 and October 10. During this three-week window, a total of six homes were sold, reflecting an average sale price of $286,167 across the county.
Key Takeaways
- The most expensive home sold in Seneca County was a property on Lower Lake Road in Seneca Falls for $272,500.
- Six residential properties were sold in the county during the three-week period analyzed.
- The average sale price for these homes was $286,167, with an average price per square foot of $137.
- Transactions were recorded in Seneca Falls, Waterloo, Fayette, and Covert, showing activity across different parts of the county.
Overview of Seneca County Market Activity
The Seneca County residential real estate market showed steady activity in late September and early October, with public records indicating six completed sales. The data, which covers titles recorded during this period, provides a snapshot of housing market dynamics in the region. While the number of transactions is modest, the price points offer insight into current valuations.
The total value of these six transactions exceeded $1.7 million. The average price per square foot for the homes sold was calculated at $137. This metric is a key indicator of value, though it varied significantly among the individual properties, influenced by factors such as location, age, and condition.
Understanding the Data
The sales figures in this report are based on property titles officially recorded between September 20 and October 10. It is important to note that the actual sale agreement may have been finalized on an earlier date, as reflected in the closing details for each property.
Detailed Breakdown of Top 5 Property Sales
The five most expensive sales ranged from just under $200,000 to over $270,000. These transactions were spread across several towns, including Seneca Falls, which had two of the top five sales, as well as Waterloo, Fayette, and Covert.
1. The Top Sale in Seneca Falls
The highest-priced transaction was for a single-family home located at 2352 Lower Lake Road in Seneca Falls. The property sold for $272,500, with the deal officially finalized on September 3. Built in 1930, this detached house offers 1,587 square feet of living space.
This sale price translates to approximately $172 per square foot, which was one of the higher valuations on a per-square-foot basis among the recent sales. The home includes three bedrooms and two bathrooms, characteristics that are common for family residences in the area. Its 90-year-old construction points to the presence of historic or established housing stock in the local market.
2. A Mid-Century Home on US Route 20
Also in Seneca Falls, the property at 1836 Us Route 20 changed hands for $213,000. This single-family residence, constructed in 1950, provides a generous 1,979 square feet of living area. The sale was completed on September 5.
With four bedrooms and three bathrooms, this home is larger than the top-selling property. Its price per square foot was calculated at $108, offering a different value proposition compared to the Lower Lake Road house. The size and number of rooms suggest it is well-suited for a larger family.
Price Per Square Foot Variation
The price per square foot for the top five sales ranged from a low of $86 to a high of $191. This wide variance highlights how factors like location, property condition, and specific features can influence value more than size alone.
3. A Residence in Fayette
The third most expensive sale was for a detached house at 4125 State Route 96a in Fayette, which sold for $205,000. The transaction for this property was finalized on September 5. The home, built in 1963, features two bedrooms and one bathroom.
Details on the square footage were not available in the source data, preventing a price-per-square-foot comparison. However, its sale price places it firmly in the upper tier of recent transactions in the county. As a mid-century structure, it represents a different era of construction compared to the older homes on the list.
4. A Compact Home in Covert
A single-family house at 8982 State Route 89 in Covert sold for $200,000. This home, built in 1947, has a living area of 1,045 square feet, making it one of the smaller properties among the top sales. The deal was finalized on September 5.
Despite its smaller size, the property commanded a high price per square foot of $191, the highest among the sales with available data. This suggests that the property may have desirable features, a prime location, or has been recently updated. The home contains two bedrooms and one bathroom.
5. Historic Property in Waterloo
Rounding out the top five is a 2,302-square-foot home at 24 Stark St. in Waterloo, which sold for $199,000. This historic house, built in 1900, features three bedrooms and two bathrooms. The sale was completed on August 29.
At $86 per square foot, this property had the lowest price-per-square-foot value among the top five. Its large size combined with a sub-$200,000 price tag indicates a different market dynamic in Waterloo compared to the other locations. The age of the home also suggests it may appeal to buyers interested in historic architecture.
Analysis of the Seneca County Market Data
The recent sales data from Seneca County paints a picture of a diverse real estate market. The transactions show a healthy mix of property types, ages, and locations, catering to different buyer needs and budgets.
Key observations from the data include:
- Geographic Diversity: Sales were recorded in four different towns, indicating that market activity is not confined to a single area.
- Age of Homes: The properties sold were built between 1900 and 1963, highlighting the demand for both historic and mid-century homes.
- Valuation Metrics: The significant range in price per square foot suggests that buyers are weighing multiple factors, including location and potential for renovation, not just the overall size of the home.
The average sale price of $286,167 for this period provides a useful benchmark for the local market. While this is based on a small sample of six sales, it reflects a solid market where properties are consistently selling for over $200,000. The presence of two sales in Seneca Falls within the top five underscores its importance as a key residential hub within the county.
