Is Longs, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Longs was a Seller's Market.
Key Takeaway
Longs is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Longs, SC
How much do homes in Longs, SC cost?
Median Sold Price
$300,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Longs have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Longs was $300,000 in May 2024, up 1.7% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122.9K | $131K | +6.6% |
| 2 Bedrooms | $175K | $180K | +2.9% |
| 3 Bedrooms | $295K | $289.4K | -1.9% |
| 4 Bedrooms | $337K | $364.5K | +8.2% |
| 5+ Bedrooms | $373.4K | $415K | +11.1% |
Summary: Longs housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Cities
| Shallotte Township | $369.8K | $379.5K | +2.6% |
| Little River | $349.9K | $358.5K | +2.5% |
| Longs | $295K | $300K | +1.7% |
| Conway East | $340.1K | $333.9K | -1.8% |
Housing Supply in Longs, SC
How many homes are available in Longs, SC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 297 | 303 | +2.0% |
Summary: The Longs real estate market had 303 homes for sale in May 2024, a 2.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 30 | 28 | -6.7% |
| 3 Bedrooms | 193 | 199 | +3.1% |
| 4 Bedrooms | 65 | 67 | +3.1% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Longs housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 46 | +4.5% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Longs, you may be able to get a good deal. 60.9% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in Longs in May 2024, up by 4.5% month-over-month. Of the 46 sold homes, 61% were sold under asking, 37% were sold at asking, and 2% were sold over asking.
Days on Market for Longs, SC
How long does it take to sell a home in Longs, SC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 107 Days | 175 Days | +63.1% |
Summary: Homes in Longs had an average of 175 days on market in May 2024, up by 63.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
33 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Longs are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 46 homes were sold in Longs; 2% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 72% of homes were sold over 90 days.
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