Is Nichols, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Nichols has remained a Seller's Market.
Key Takeaway
Nichols is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nichols, SC
How much do homes in Nichols, SC cost?
Median Sold Price
$185,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Nichols have sold for 15.9% less than they did a year ago.
Summary: The median home sold price in Nichols was $185,000 in May 2024, down 15.9% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $140K | $163.9K | +17.1% |
| 3 Bedrooms | $235K | $175K | -25.5% |
| 4 Bedrooms | $220K | $238K | +8.2% |
| 5+ Bedrooms | $330K | - | N/A |
Summary: Nichols housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.1%, 3 bedroom homes decreased by 25.5%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Nichols | $220K | $185K | -15.9% |
| Nichols | $224.9K | $185K | -17.8% |
Housing Supply in Nichols, SC
How many homes are available in Nichols, SC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The Nichols real estate market had 11 homes for sale in May 2024, a 8.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Nichols 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 remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Nichols, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Nichols in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Nichols, SC
How long does it take to sell a home in Nichols, SC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 67 Days | 51 Days | -24.4% |
Summary: Homes in Nichols had an average of 51 days on market in May 2024, down by 24.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Nichols has remained consistent over time.
Summary: During May 2024, 2 homes were sold in Nichols; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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