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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cowpens is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Cowpens, SC

How much do homes in Cowpens, SC cost?

Median Sold Price

$225,000

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$14,990(-6.2%)

Key Takeaway

Homes in Cowpens have sold for 6.2% less than they did a year ago.

Summary: The median home sold price in Cowpens was $225,000 in October 2024, down 6.2% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $129K-
N/A
2 $116.5K$145.5K
+24.9%
3 $240.7K$222.5K
-7.6%
4 $284.9K$295K
+3.5%
5+ --
N/A

Summary: Cowpens 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 24.9%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Boiling Springs
+5.9%
Mayo
+3.5%
Cowpens
-6.2%
Cowpens
-6.5%
Macedonia
-10.2%

Housing Supply in Cowpens, SC

How many homes are available in Cowpens, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
30300.0%

Summary: The Cowpens real estate market had 30 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 2118
-14.3%
4 33
0.0%
5+ 13
+200.0%

Summary: The Cowpens 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 increased by 20%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
78+14.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cowpens, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Cowpens in October 2024, up by 14.3% month-over-month. Of the 8 sold homes, 88% were sold under asking, 0% were sold at asking, and 13% were sold over asking.

Days on Market for Cowpens, SC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
23 Days28 Days+23.9%

Summary: Homes in Cowpens had an average of 28 days on market in Oct 2024, up by 23.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 8 homes were sold in Cowpens; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in Cowpens, SC

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