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 November 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

$285,953

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$19,046(-6.2%)

Key Takeaway

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

Summary: The median home sold price in Duncan was $285,953 in November 2024, down 6.2% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $121K$221.9K
+83.4%
3 $275K$256.2K
-6.8%
4 $379.4K$345K
-9.1%
5+ $449K$433.9K
-3.3%

Summary: Duncan housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 83.4%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 3.3%.

Median Sold Price Compared To Nearby Cities

Wellford
+8.4%
Greer
+7.0%
Greer
+3.9%
Lyman
-1.0%
Duncan
-6.2%

Housing Supply in Duncan, SC

How many homes are available in Duncan, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
191188-1.6%

Summary: The Duncan real estate market had 188 homes for sale in November 2024, a 1.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 33
0.0%
3 114112
-1.8%
4 5456
+3.7%
5+ 1916
-15.8%

Summary: The Duncan housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 15.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3740+8.1%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

5 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. 45.9% of homes here sold below asking price last month.

Summary: A total of 40 homes were sold or pending in Duncan in November 2024, up by 8.1% month-over-month. Of the 37 sold homes, 46% were sold under asking, 41% were sold at asking, and 14% 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

Nov 2023Nov 2024CHANGE
22 Days70 Days+219.3%

Summary: Homes in Duncan had an average of 70 days on market in Nov 2024, up by 219.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 40 homes were sold in Duncan; 13% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 13% 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 17 Days Ago

Newest Listings in Duncan, SC

Nearby Markets to Duncan, SC

What housing markets are near Duncan, SC?