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 seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Honea Path, SC

How much do homes in Honea Path, SC cost?

Median Sold Price

$195,000

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$13,500(+7.4%)

Key Takeaway

Homes in Honea Path have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in Honea Path was $195,000 in November 2024, up 7.4% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $145.5K$159K
+9.3%
3 $192.5K$199.5K
+3.6%
4 $316.2K$400.5K
+26.6%
5+ -$610K
N/A

Summary: Honea Path 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 9.3%, 3 bedroom homes increased by 3.6%, 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

Oct 2024Nov 2024CHANGE
3839+2.6%

Summary: The Honea Path real estate market had 39 homes for sale in November 2024, a 2.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 88
0.0%
3 2426
+8.3%
4 43
-25.0%
5+ 22
0.0%

Summary: The Honea Path 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 increased by 8.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 83.3% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Honea Path in November 2024, up by 133.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for Honea Path, SC

We’re sorry, we don't have information for this market at the moment

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 Honea Path, SC

Nearby Markets to Honea Path, SC