Is Piedmont, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Piedmont has remained a Seller's Market.
Key Takeaway
Piedmont is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Piedmont, SC
How much do homes in Piedmont, SC cost?
Median Sold Price
$315,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Piedmont have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Piedmont was $315,000 in May 2024, down 2.5% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $650K | $700K | +7.7% |
| 2 Bedrooms | $181.5K | $205K | +12.9% |
| 3 Bedrooms | $300K | $289.6K | -3.4% |
| 4 Bedrooms | $333.3K | $345K | +3.5% |
| 5+ Bedrooms | $396.4K | $400K | +0.9% |
Summary: Piedmont housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 12.9%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Powdersville-Piedmont | $350K | $389.1K | +11.2% |
| Woodville | $382.5K | $405K | +5.9% |
| Pelzer | $274K | $285K | +4.0% |
| Williamston-Pelzer | $285.3K | $286.4K | 0.4% |
| Piedmont | $323.2K | $315K | -2.5% |
Housing Supply in Piedmont, SC
How many homes are available in Piedmont, SC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 265 | 270 | +1.9% |
Summary: The Piedmont real estate market had 270 homes for sale in May 2024, a 1.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 130 | 133 | +2.3% |
| 4 Bedrooms | 105 | 111 | +5.7% |
| 5+ Bedrooms | 26 | 22 | -15.4% |
Summary: The Piedmont 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 remained the same, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 15.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 65 | 61 | -6.2% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Piedmont, you may be able to get a good deal. 53.7% of homes here sold below asking price last month.
Summary: A total of 61 homes were sold or pending in Piedmont in May 2024, down by 6.2% month-over-month. Of the 54 sold homes, 54% were sold under asking, 39% were sold at asking, and 7% were sold over asking.
Days on Market for Piedmont, SC
How long does it take to sell a home in Piedmont, SC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 50 Days | +22.9% |
Summary: Homes in Piedmont had an average of 50 days on market in May 2024, up by 22.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Piedmont are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 61 homes were sold in Piedmont; 8% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
