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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Laurens County is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Laurens County was a Neutral Market.

Key Takeaway

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

Housing Prices in Laurens County, SC

How much do homes in Laurens County, SC cost?

Median Sold Price

$233,950

$167/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$3,950(+1.7%)

Key Takeaway

Homes in Laurens County have sold for 1.7% more than they did a month ago.

Summary: The median home sold price in Laurens County was $233,950 in May 2024, up 1.7% from last month, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 $25K-
N/A
2 $95K$107.5K
+13.2%
3 $242.4K$239.5K
-1.2%
4 $312.5K$442K
+41.4%
5+ -$260K
N/A

Summary: Laurens 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 13.2%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 41.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Laurens County
+1.7%
Greenwood County
-14.6%

Housing Supply in Laurens County, SC

How many homes are available in Laurens County, SC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
157181+15.3%

Summary: The Laurens County real estate market had 181 homes for sale in May 2024, a 15.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 73
-57.1%
2 2428
+16.7%
3 92101
+9.8%
4 2233
+50.0%
5+ 1216
+33.3%

Summary: The Laurens County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 57.1%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2634+30.8%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Laurens County, you may be able to get a good deal. 71.9% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in Laurens County in May 2024, up by 30.8% month-over-month. Of the 32 sold homes, 72% were sold under asking, 9% were sold at asking, and 19% were sold over asking.

Days on Market for Laurens County, SC

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

Average Sale Time

Apr 2024May 2024CHANGE
33 Days49 Days+50.3%

Summary: Homes in Laurens County had an average of 49 days on market in May 2024, up by 50.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were 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 Laurens County has remained consistent over time.

Summary: During May 2024, 34 homes were sold in Laurens County; 3% of homes were sold within 30 days, 12% 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 Laurens County, SC

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