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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mayo is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Mayo, SC

How much do homes in Mayo, SC cost?

Median Sold Price

$249,494

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$8,504(+3.5%)

Key Takeaway

Homes in Mayo have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in Mayo was $249,494 in October 2024, up 3.5% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $105.6K$198K
+87.5%
3 $243K$248.6K
+2.3%
4 $269.9K$325.9K
+20.8%
5+ --
N/A

Summary: Mayo 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 87.5%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Chesnee
+19.3%
Boiling Springs
+5.9%
Mayo
+3.5%
Cowpens
-6.2%
Macedonia
-10.2%

Housing Supply in Mayo, SC

How many homes are available in Mayo, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2625-3.8%

Summary: The Mayo real estate market had 25 homes for sale in October 2024, a 3.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 32
-33.3%
3 1919
0.0%
4 34
+33.3%
5+ 00
0.0%

Summary: The Mayo housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mayo, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Mayo in October 2024, up by 133.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for Mayo, SC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days59 Days+95.7%

Summary: Homes in Mayo had an average of 59 days on market in Oct 2024, up by 95.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 7 homes were sold in Mayo; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% 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 16 Days Ago

Newest Listings in Mayo, SC

Nearby Markets to Mayo, SC

What housing markets are near Mayo, SC?