Is Boiling Springs, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boiling Springs is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Boiling Springs has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Boiling Springs, SC

How much do homes in Boiling Springs, SC cost?

Median Sold Price

$299,540

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,791(+5.9%)

Key Takeaway

Homes in Boiling Springs have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in Boiling Springs was $299,540 in October 2024, up 5.9% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$185K
N/A
2 $167.5K$225K
+34.3%
3 $264.9K$268.7K
+1.4%
4 $335K$328.9K
-1.8%
5+ $364K$399.9K
+9.9%

Summary: Boiling Springs 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 34.3%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 9.9%.

Median Sold Price Compared To Nearby Cities

Fingerville
+30.7%
Boiling Springs
+5.9%
Mayo
+3.5%
Cowpens
-6.2%

Housing Supply in Boiling Springs, SC

How many homes are available in Boiling Springs, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
420429+2.1%

Summary: The Boiling Springs real estate market had 429 homes for sale in October 2024, a 2.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1311
-15.4%
3 199214
+7.5%
4 159155
-2.5%
5+ 4848
0.0%

Summary: The Boiling Springs 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 15.4%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6481+26.6%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

37 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boiling Springs, expect to pay close to the asking price. 50.7% of homes here sold near the asking price last month.

Summary: A total of 81 homes were sold or pending in Boiling Springs in October 2024, up by 26.6% month-over-month. Of the 73 sold homes, 34% were sold under asking, 51% were sold at asking, and 15% were sold over asking.

Days on Market for Boiling Springs, SC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
39 Days42 Days+7.5%

Summary: Homes in Boiling Springs had an average of 42 days on market in Oct 2024, up by 7.5% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 81 homes were sold in Boiling Springs; 31% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% 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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