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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Colleton County is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Colleton County, SC

How much do homes in Colleton County, SC cost?

Median Sold Price

$364,750

$226/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$59,916(+19.7%)

Key Takeaway

Homes in Colleton County have sold for 19.7% more than they did a year ago.

Summary: The median home sold price in Colleton County was $364,750 in May 2024, up 19.7% from last year, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $229.4K$264.5K
+15.3%
2 $291.4K$332K
+13.9%
3 $260K$299.4K
+15.2%
4 $489K$800K
+63.6%
5+ $797.2K$1.4M
+80.9%

Summary: Colleton County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.3%, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 63.6%, and 5+ bedroom homes increased by 80.9%.

Median Sold Price Compared To Nearby Counties

Colleton County
+19.7%
Dorchester County
-0.3%

Housing Supply in Colleton County, SC

How many homes are available in Colleton County, SC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
159168+5.7%

Summary: The Colleton County real estate market had 168 homes for sale in May 2024, a 5.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 34
+33.3%
2 2326
+13.0%
3 8890
+2.3%
4 3335
+6.1%
5+ 1213
+8.3%

Summary: The Colleton County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2332+39.1%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Colleton County, you may be able to get a good deal. 53.1% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in Colleton County in May 2024, up by 39.1% month-over-month. Of the 32 sold homes, 53% were sold under asking, 31% were sold at asking, and 16% were sold over asking.

Days on Market for Colleton County, SC

We’re sorry, we don't have information for this market at the moment

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 Colleton County, SC

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