Is Powdersville-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, Powdersville-Piedmont has remained a Seller's Market.
Key Takeaway
Powdersville-Piedmont is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Powdersville-Piedmont, SC
How much do homes in Powdersville-Piedmont, SC cost?
Median Sold Price
$389,166
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Powdersville-Piedmont have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in Powdersville-Piedmont was $389,166 in May 2024, up 11.2% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $650K | $700K | +7.7% |
| 2 Bedrooms | $183K | $240K | +31.1% |
| 3 Bedrooms | $315K | $300K | -4.8% |
| 4 Bedrooms | $405K | $468.6K | +15.7% |
| 5+ Bedrooms | $488K | $512.5K | +5.0% |
Summary: Powdersville-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 31.1%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
| Powdersville-Piedmont | $350K | $389.1K | +11.2% |
| Easley | $293.1K | $312.9K | +6.7% |
| Pelzer | $274K | $285K | +4.0% |
| Williamston-Pelzer | $285.3K | $286.4K | 0.4% |
| Piedmont | $323.2K | $315K | -2.5% |
Housing Supply in Powdersville-Piedmont, SC
How many homes are available in Powdersville-Piedmont, SC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 191 | 207 | +8.4% |
Summary: The Powdersville-Piedmont real estate market had 207 homes for sale in May 2024, a 8.4% 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 | 5 | +25.0% |
| 3 Bedrooms | 90 | 96 | +6.7% |
| 4 Bedrooms | 71 | 74 | +4.2% |
| 5+ Bedrooms | 26 | 32 | +23.1% |
Summary: The Powdersville-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 increased by 25%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 56 | +27.3% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Powdersville-Piedmont, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 56 homes were sold or pending in Powdersville-Piedmont in May 2024, up by 27.3% month-over-month. Of the 54 sold homes, 56% were sold under asking, 30% were sold at asking, and 15% were sold over asking.
Days on Market for Powdersville-Piedmont, SC
How long does it take to sell a home in Powdersville-Piedmont, SC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 47 Days | 64 Days | +36.3% |
Summary: Homes in Powdersville-Piedmont had an average of 64 days on market in May 2024, up by 36.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Powdersville-Piedmont has remained consistent over time.
Summary: During May 2024, 56 homes were sold in Powdersville-Piedmont; 5% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
