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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Landrum is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Landrum was a Neutral Market.

Key Takeaway

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

Housing Prices in Landrum, SC

How much do homes in Landrum, SC cost?

Median Sold Price

$394,950

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$37,050(+10.4%)

Key Takeaway

Homes in Landrum have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in Landrum was $394,950 in October 2024, up 10.4% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $264.2K-
N/A
2 $193.7K$360K
+85.9%
3 $321.2K$352.5K
+9.7%
4 $610K$679.7K
+11.4%
5+ $799.5K$890K
+11.3%

Summary: Landrum 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 85.9%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 11.3%.

Median Sold Price Compared To Nearby Cities

Tryon
+20.2%
Tryon Township
+19.2%
Landrum
+12.8%
Landrum
+10.4%
Highland
-9.0%

Housing Supply in Landrum, SC

How many homes are available in Landrum, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7984+6.3%

Summary: The Landrum real estate market had 84 homes for sale in October 2024, a 6.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 1115
+36.4%
3 3433
-2.9%
4 2123
+9.5%
5+ 1111
0.0%

Summary: The Landrum 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 increased by 36.4%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1217+41.7%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Landrum, you may be able to get a good deal. 82.4% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Landrum in October 2024, up by 41.7% month-over-month. Of the 17 sold homes, 82% were sold under asking, 18% were sold at asking, and 0% were sold over asking.

Days on Market for Landrum, SC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
58 Days29 Days-49.1%

Summary: Homes in Landrum had an average of 29 days on market in Oct 2024, down by 49.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 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 Landrum has remained consistent over time.

Summary: During October 2024, 17 homes were sold in Landrum; 18% of homes were sold within 30 days, 24% 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 17 Days Ago

Newest Listings in Landrum, SC

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