Is Goose Creek-Hanahan, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Goose Creek-Hanahan is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Goose Creek-Hanahan has remained a Seller's Market.

Key Takeaway

Goose Creek-Hanahan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Goose Creek-Hanahan, SC

How much do homes in Goose Creek-Hanahan, SC cost?

Median Sold Price

$374,469

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$1,018(+0.3%)

Key Takeaway

The sold price of homes in Goose Creek-Hanahan has remained the same since last year.

Summary: The median home sold price in Goose Creek-Hanahan was $374,469 in May 2024, up 0.3% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $125K$166K
+32.8%
2 $268.8K$311.2K
+15.8%
3 $332.7K$329.9K
-0.8%
4 $394.5K$400K
+1.4%
5+ $436.1K$460K
+5.5%

Summary: Goose Creek-Hanahan housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.8%, 2 bedroom homes increased by 15.8%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 5.5%.

Median Sold Price Compared To Nearby Cities

Ladson
+3.0%
Goose Creek
+1.3%
Goose Creek-Hanahan
0.3%
Summerville
0.1%
Moncks Corner
0%

Housing Supply in Goose Creek-Hanahan, SC

How many homes are available in Goose Creek-Hanahan, SC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1,1281,253+11.1%

Summary: The Goose Creek-Hanahan real estate market had 1,253 homes for sale in May 2024, a 11.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 123125
+1.6%
3 457519
+13.6%
4 375426
+13.6%
5+ 173183
+5.8%

Summary: The Goose Creek-Hanahan 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 1.6%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 5.8%.

Number of Homes Sold

Apr 2024May 2024CHANGE
228255+11.8%

Asking Price vs. Sold Price

106 Homes Were Sold
Under Asking

98 Homes Were Sold
At Asking

51 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Goose Creek-Hanahan, you may be able to get a good deal. 41.6% of homes here sold below asking price last month.

Summary: A total of 255 homes were sold or pending in Goose Creek-Hanahan in May 2024, up by 11.8% month-over-month. Of the 255 sold homes, 42% were sold under asking, 38% were sold at asking, and 20% were sold over asking.

Days on Market for Goose Creek-Hanahan, SC

How long does it take to sell a home in Goose Creek-Hanahan, SC?

Average Sale Time

May 2023May 2024CHANGE
7 Days41 Days+475.4%

Summary: Homes in Goose Creek-Hanahan had an average of 41 days on market in May 2024, up by 475.4% compared to last year.

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in Goose Creek-Hanahan has remained consistent over time.

Summary: During May 2024, 255 homes were sold in Goose Creek-Hanahan; 0% of homes were sold within 30 days, 0% 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

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