Is Loris, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Loris was a Seller's Market.
Key Takeaway
Loris is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Loris, SC
How much do homes in Loris, SC cost?
Median Sold Price
$287,250
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Loris have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Loris was $287,250 in May 2024, up 2.6% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122.5K | - | N/A |
| 2 Bedrooms | $180.1K | $190K | +5.5% |
| 3 Bedrooms | $271K | $285K | +5.1% |
| 4 Bedrooms | $330.5K | $317.3K | -4.0% |
| 5+ Bedrooms | $475K | $465.6K | -2.0% |
Summary: Loris housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 2%.
Housing Supply in Loris, SC
How many homes are available in Loris, SC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 115 | 118 | +2.6% |
Summary: The Loris real estate market had 118 homes for sale in May 2024, a 2.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 70 | 73 | +4.3% |
| 4 Bedrooms | 30 | 31 | +3.3% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Loris housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +18.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Loris, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Loris in May 2024, up by 18.8% month-over-month. Of the 19 sold homes, 47% were sold under asking, 37% were sold at asking, and 16% were sold over asking.
Days on Market for Loris, SC
How long does it take to sell a home in Loris, SC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 118 Days | 182 Days | +54.1% |
Summary: Homes in Loris had an average of 182 days on market in May 2024, up by 54.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Loris are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 19 homes were sold in Loris; 0% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 79% of homes were sold over 90 days.
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