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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Duncan is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Duncan, SC

How much do homes in Duncan, SC cost?

Median Sold Price

$325,000

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$20,000(+6.6%)

Key Takeaway

Homes in Duncan have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in Duncan was $325,000 in May 2024, up 6.6% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $123.5K$190K
+53.8%
3 $272.5K$285.3K
+4.7%
4 $374.2K$360K
-3.8%
5+ $439.9K$430K
-2.3%

Summary: Duncan 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 53.8%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 2.3%.

Median Sold Price Compared To Nearby Cities

Greer
+12.0%
Greer
+11.2%
Duncan
+6.6%
Wellford
+5.9%
Lyman
+3.4%

Housing Supply in Duncan, SC

How many homes are available in Duncan, SC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
167179+7.2%

Summary: The Duncan real estate market had 179 homes for sale in May 2024, a 7.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 97111
+14.4%
4 4744
-6.4%
5+ 1719
+11.8%

Summary: The Duncan 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 decreased by 16.7%, 3 bedroom homes increased by 14.4%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes increased by 11.8%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3144+41.9%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Duncan, you may be able to get a good deal. 45% of homes here sold below asking price last month.

Summary: A total of 44 homes were sold or pending in Duncan in May 2024, up by 41.9% month-over-month. Of the 40 sold homes, 45% were sold under asking, 33% were sold at asking, and 23% were sold over asking.

Days on Market for Duncan, SC

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

Average Sale Time

May 2023May 2024CHANGE
1 Days52 Days+2716.0%

Summary: Homes in Duncan had an average of 52 days on market in May 2024, up by 2716% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 44 homes were sold in Duncan; 18% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 9% 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 3 Days Ago

Newest Listings in Duncan, SC

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