Is Saratt, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saratt is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Saratt has remained a Seller's Market.

Key Takeaway

Saratt is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Saratt, SC

How much do homes in Saratt, SC cost?

Median Sold Price

$205,000

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$109,900(-34.9%)

Key Takeaway

Homes in Saratt have sold for 34.9% less than they did a year ago.

Summary: The median home sold price in Saratt was $205,000 in May 2024, down 34.9% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$129K
N/A
2 $72K$135K
+87.5%
3 $314.9K$235K
-25.4%
4 -$295K
N/A
5+ -$220K
N/A

Summary: Saratt 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 87.5%, 3 bedroom homes decreased by 25.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Macedonia
0.2%
Cowpens
-2.0%
Pacolet
-18.8%
Saratt
-34.9%

Housing Supply in Saratt, SC

How many homes are available in Saratt, SC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1213+8.3%

Summary: The Saratt real estate market had 13 homes for sale in May 2024, a 8.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 35
+66.7%
4 56
+20.0%
5+ 11
0.0%

Summary: The Saratt 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 66.7%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saratt, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Saratt in May 2024, up by 150.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.

Days on Market for Saratt, SC

How long does it take to sell a home in Saratt, SC?

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Saratt are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 5 homes were sold in Saratt; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Saratt, SC

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