Is Great Falls, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Great Falls is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Great Falls was a Buyer's Market.

Key Takeaway

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

Housing Prices in Great Falls, SC

How much do homes in Great Falls, SC cost?

Median Sold Price

$160,000

$87/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$44,500(-21.8%)

Key Takeaway

Homes in Great Falls have sold for 21.8% less than they did a month ago.

Summary: The median home sold price in Great Falls was $160,000 in October 2024, down 21.8% from last month, and the median price per square foot was $87.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$15K
N/A
2 -$35K
N/A
3 $204.5K$205K
0.2%
4 --
N/A
5+ --
N/A

Summary: Great Falls housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 0.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Great Falls, SC

How many homes are available in Great Falls, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2423-4.2%

Summary: The Great Falls real estate market had 23 homes for sale in October 2024, a 4.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 55
0.0%
3 1211
-8.3%
4 66
0.0%
5+ 00
0.0%

Summary: The Great Falls 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 remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Great Falls, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Great Falls in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.

Days on Market for Great Falls, SC

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

Average Sale Time

Sep 2024Oct 2024CHANGE
42 Days53 Days+26.2%

Summary: Homes in Great Falls had an average of 53 days on market in Oct 2024, up by 26.2% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 5 homes were sold in Great Falls; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 12 Days Ago

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