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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gaffney is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Gaffney was a Seller's Market.

Key Takeaway

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

Housing Prices in Gaffney, SC

How much do homes in Gaffney, SC cost?

Median Sold Price

$224,960

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,920(+5.6%)

Key Takeaway

Homes in Gaffney have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Gaffney was $224,960 in November 2024, up 5.6% from last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$41K
N/A
2 $120K$160.5K
+33.8%
3 $219.7K$221K
+0.6%
4 $273.7K$260K
-5.0%
5+ $354.5K$404.5K
+14.1%

Summary: Gaffney 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 33.8%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 14.1%.

Housing Supply in Gaffney, SC

How many homes are available in Gaffney, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
157183+16.6%

Summary: The Gaffney real estate market had 183 homes for sale in November 2024, a 16.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 1929
+52.6%
3 99112
+13.1%
4 2328
+21.7%
5+ 1412
-14.3%

Summary: The Gaffney 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 increased by 52.6%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1924+26.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gaffney, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Gaffney in November 2024, up by 26.3% month-over-month. Of the 19 sold homes, 47% were sold under asking, 42% were sold at asking, and 11% were sold over asking.

Days on Market for Gaffney, SC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
18 Days62 Days+244.2%

Summary: Homes in Gaffney had an average of 62 days on market in Nov 2024, up by 244.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 24 homes were sold in Gaffney; 29% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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

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