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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lyman is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Lyman has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Lyman, SC

How much do homes in Lyman, SC cost?

Median Sold Price

$295,000

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$3,266(-1.1%)

Key Takeaway

Homes in Lyman have sold for 1.1% less than they did a year ago.

Summary: The median home sold price in Lyman was $295,000 in October 2024, down 1.1% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $184K-
N/A
2 $193.9K$199.9K
+3.1%
3 $276.5K$280K
+1.3%
4 $325.6K$321.3K
-1.3%
5+ $351.4K$380.8K
+8.3%

Summary: Lyman 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 3.1%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 8.3%.

Median Sold Price Compared To Nearby Cities

Wellford
+12.3%
Greer
+6.3%
Lyman
-1.1%
Duncan
-6.0%

Housing Supply in Lyman, SC

How many homes are available in Lyman, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
103101-1.9%

Summary: The Lyman real estate market had 101 homes for sale in October 2024, a 1.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 106
-40.0%
3 4753
+12.8%
4 3935
-10.3%
5+ 66
0.0%

Summary: The Lyman 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 decreased by 40%, 3 bedroom homes increased by 12.8%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
26260.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lyman, you may be able to get a good deal. 56% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Lyman in October 2024, the same as the previous month. Of the 25 sold homes, 56% were sold under asking, 24% were sold at asking, and 20% were sold over asking.

Days on Market for Lyman, SC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
44 Days54 Days+21.5%

Summary: Homes in Lyman had an average of 54 days on market in Oct 2024, up by 21.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 26 homes were sold in Lyman; 8% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% 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 20 Days Ago

Newest Listings in Lyman, SC

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