Is Abbeville, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Abbeville is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, Abbeville has remained a Buyer's Market.

Key Takeaway

Abbeville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Abbeville, SC

How much do homes in Abbeville, SC cost?

Median Sold Price

$242,750

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$7,200(-2.9%)

Key Takeaway

Homes in Abbeville have sold for 2.9% less than they did a year ago.

Summary: The median home sold price in Abbeville was $242,750 in October 2024, down 2.9% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$260K
N/A
2 $115K$176K
+53.0%
3 $251.2K$225K
-10.4%
4 $317.7K$340K
+7.0%
5+ $300K$374.9K
+25.0%

Summary: Abbeville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 53%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 25%.

Housing Supply in Abbeville, SC

How many homes are available in Abbeville, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2823-17.9%

Summary: The Abbeville real estate market had 23 homes for sale in October 2024, a 17.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 54
-20.0%
3 1513
-13.3%
4 43
-25.0%
5+ 32
-33.3%

Summary: The Abbeville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
72-71.4%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Abbeville, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Abbeville in October 2024, down by 71.4% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Abbeville, SC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
78 Days79 Days+1.3%

Summary: Homes in Abbeville had an average of 79 days on market in Oct 2024, up by 1.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Abbeville has remained consistent over time.

Summary: During October 2024, 2 homes were sold in Abbeville; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 16 Days Ago

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