Is Honea Path, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Honea Path is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Honea Path, SC

How much do homes in Honea Path, SC cost?

Median Sold Price

$190,000

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,000(+5.6%)

Key Takeaway

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

Summary: The median home sold price in Honea Path was $190,000 in October 2024, up 5.6% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $135K$157K
+16.3%
3 $194.4K$199.5K
+2.6%
4 $316.2K$400.5K
+26.6%
5+ -$610K
N/A

Summary: Honea Path 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 16.3%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 26.6%, and 5+ bedroom homes did not change.

Housing Supply in Honea Path, SC

How many homes are available in Honea Path, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3139+25.8%

Summary: The Honea Path real estate market had 39 homes for sale in October 2024, a 25.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 99
0.0%
3 1825
+38.9%
4 34
+33.3%
5+ 11
0.0%

Summary: The Honea Path 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 increased by 38.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Honea Path, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Honea Path in October 2024, up by 300.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Honea Path, SC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days46 Days+68.5%

Summary: Homes in Honea Path had an average of 46 days on market in Oct 2024, up by 68.5% compared to last year.

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in Honea Path has remained consistent over time.

Summary: During October 2024, 4 homes were sold in Honea Path; 0% of homes were sold within 30 days, 50% 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 16 Days Ago

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