Is Rock Hill, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rock Hill is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Rock Hill has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Rock Hill, SC

How much do homes in Rock Hill, SC cost?

Median Sold Price

$321,555

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$15,410(+5.0%)

Key Takeaway

Homes in Rock Hill have sold for 5% more than they did a year ago.

Summary: The median home sold price in Rock Hill was $321,555 in May 2024, up 5% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $157.5K$155K
-1.6%
2 $208K$212K
+1.9%
3 $300K$314.9K
+5.0%
4 $410K$434.7K
+6.0%
5+ $466.9K$508K
+8.8%

Summary: Rock Hill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 8.8%.

Housing Supply in Rock Hill, SC

How many homes are available in Rock Hill, SC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
483537+11.2%

Summary: The Rock Hill real estate market had 537 homes for sale in May 2024, a 11.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 12
+100.0%
2 8179
-2.5%
3 255294
+15.3%
4 120135
+12.5%
5+ 2627
+3.8%

Summary: The Rock Hill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 3.8%.

Number of Homes Sold

Apr 2024May 2024CHANGE
124132+6.5%

Asking Price vs. Sold Price

57 Homes Were Sold
Under Asking

42 Homes Were Sold
At Asking

33 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rock Hill, you may be able to get a good deal. 43.2% of homes here sold below asking price last month.

Summary: A total of 132 homes were sold or pending in Rock Hill in May 2024, up by 6.5% month-over-month. Of the 132 sold homes, 43% were sold under asking, 32% were sold at asking, and 25% were sold over asking.

Days on Market for Rock Hill, SC

How long does it take to sell a home in Rock Hill, SC?

Average Sale Time

May 2023May 2024CHANGE
21 Days28 Days+30.4%

Summary: Homes in Rock Hill had an average of 28 days on market in May 2024, up by 30.4% compared to last year.

Breakdown of Home Sale Times

88 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rock Hill are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 132 homes were sold in Rock Hill; 67% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 8% 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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