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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Landrum is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Landrum has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Landrum, SC

How much do homes in Landrum, SC cost?

Median Sold Price

$400,000

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$50,000(+14.3%)

Key Takeaway

Homes in Landrum have sold for 14.3% more than they did a year ago.

Summary: The median home sold price in Landrum was $400,000 in November 2024, up 14.3% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $264.2K-
N/A
2 $241.2K$360K
+49.2%
3 $335.4K$359.9K
+7.3%
4 $557.5K$674.9K
+21.1%
5+ $562K$890K
+58.4%

Summary: Landrum 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 49.2%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 58.4%.

Median Sold Price Compared To Nearby Cities

Tryon Township
+17.6%
Tryon
+17.4%
Landrum
+14.3%
Landrum
+14.3%

Housing Supply in Landrum, SC

How many homes are available in Landrum, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7573-2.7%

Summary: The Landrum real estate market had 73 homes for sale in November 2024, a 2.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1412
-14.3%
3 2624
-7.7%
4 2425
+4.2%
5+ 1011
+10.0%

Summary: The Landrum 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 decreased by 14.3%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
188-55.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 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. 57.1% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Landrum in November 2024, down by 55.6% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% 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

Nov 2023Nov 2024CHANGE
19 Days3 Days-81.8%

Summary: Homes in Landrum had an average of 3 days on market in Nov 2024, down by 81.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 8 homes were sold in Landrum; 25% of homes were sold within 30 days, 0% 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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