$4,988 Closing Credit*
$420,000
1 Bed
•1 Full Bath
Susan Mangubat, Listing Office: NorthGroup Real Estate - Clems
Is Mountain Rest, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Mountain Rest has remained a Buyer's Market.
Key Takeaway
Mountain Rest is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mountain Rest, SC
How much do homes in Mountain Rest, SC cost?
Median Sold Price
$410,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$110,000(+36.7%)
Key Takeaway
Homes in Mountain Rest have sold for 36.7% more than they did a year ago.
Summary: The median home sold price in Mountain Rest was $410,000 in October 2024, up 36.7% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $333.9K | +147.4% |
| 2 Bedrooms | $259.5K | $282K | +8.7% |
| 3 Bedrooms | $484.5K | $376.3K | -22.3% |
| 4 Bedrooms | $277.5K | $520K | +87.4% |
| 5+ Bedrooms | $261.5K | $630K | +140.9% |
Summary: Mountain Rest housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 147.4%, 2 bedroom homes increased by 8.7%, 3 bedroom homes decreased by 22.3%, 4 bedroom homes increased by 87.4%, and 5+ bedroom homes increased by 140.9%.
Median Sold Price Compared To Nearby Cities
| Mountain Rest | $300K | $410K | +36.7% |
| Cashiers Township | $726K | $586.5K | -19.2% |
Housing Supply in Mountain Rest, SC
How many homes are available in Mountain Rest, SC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Summary: The Mountain Rest real estate market had 17 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mountain Rest 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 11.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mountain Rest, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Mountain Rest in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Mountain Rest, SC
How long does it take to sell a home in Mountain Rest, SC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 297 Days | 117 Days | -60.6% |
Summary: Homes in Mountain Rest had an average of 117 days on market in Oct 2024, down by 60.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mountain Rest has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Mountain Rest; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
