Is Abbeville County, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Abbeville County is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Abbeville County was a Seller's Market.

Key Takeaway

Abbeville County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Abbeville County, SC

How much do homes in Abbeville County, SC cost?

Median Sold Price

$219,000

-

Based on all homes sold in May 2024.

Difference Since Last Month

+$53,000(+31.9%)

Key Takeaway

Homes in Abbeville County have sold for 31.9% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 -$41K
N/A
2 $155K$166K
+7.1%
3 $165.5K$222K
+34.1%
4 $219.5K$340K
+54.9%
5+ $452.4K-
N/A

Summary: Abbeville County housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 34.1%, 4 bedroom homes increased by 54.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Abbeville County
+31.9%
Greenwood County
-14.6%

Housing Supply in Abbeville County, SC

How many homes are available in Abbeville County, SC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3736-2.7%

Summary: The Abbeville County real estate market had 36 homes for sale in May 2024, a 2.7% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 33
0.0%
2 1010
0.0%
3 1716
-5.9%
4 56
+20.0%
5+ 21
-50.0%

Summary: The Abbeville County 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 decreased by 5.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
95-44.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Abbeville County, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Abbeville County in May 2024, down by 44.4% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for Abbeville County, SC

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

Average Sale Time

Apr 2024May 2024CHANGE
171 Days46 Days-72.8%

Summary: Homes in Abbeville County had an average of 46 days on market in May 2024, down by 72.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Abbeville County has remained consistent over time.

Summary: During May 2024, 5 homes were sold in Abbeville County; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 Abbeville County, SC

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What housing markets are near Abbeville County, SC?