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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Loris is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Loris, SC

How much do homes in Loris, SC cost?

Median Sold Price

$292,280

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$7,280(+2.6%)

Key Takeaway

Homes in Loris have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in Loris was $292,280 in November 2024, up 2.6% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $105K$200K
+90.5%
2 $125K$200K
+60.0%
3 $283.8K$285K
0.4%
4 $315K$347.5K
+10.3%
5+ $320K$510K
+59.4%

Summary: Loris housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 90.5%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 59.4%.

Housing Supply in Loris, SC

How many homes are available in Loris, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
107111+3.7%

Summary: The Loris real estate market had 111 homes for sale in November 2024, a 3.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 54
-20.0%
3 7476
+2.7%
4 2427
+12.5%
5+ 34
+33.3%

Summary: The Loris housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1311-15.4%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Loris, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Loris in November 2024, down by 15.4% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.

Days on Market for Loris, SC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
127 Days121 Days-5.1%

Summary: Homes in Loris had an average of 121 days on market in Nov 2024, down by 5.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Loris has remained consistent over time.

Summary: During November 2024, 11 homes were sold in Loris; 18% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 36% 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

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