Is Mountain Rest, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mountain Rest is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Mountain Rest was a Seller'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

$425,000

$249/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$125,000(+41.7%)

Key Takeaway

Homes in Mountain Rest have sold for 41.7% more than they did a year ago.

Summary: The median home sold price in Mountain Rest was $425,000 in November 2024, up 41.7% from last year, and the median price per square foot was $249.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $135K$333.9K
+147.4%
2 $259.5K$282K
+8.7%
3 $459K$390K
-15.0%
4 $520K$742.5K
+42.8%
5+ $185K$630K
+240.5%

Summary: Mountain Rest housing prices by bedroom type for November 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 15%, 4 bedroom homes increased by 42.8%, and 5+ bedroom homes increased by 240.5%.

Housing Supply in Mountain Rest, SC

How many homes are available in Mountain Rest, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1417+21.4%

Summary: The Mountain Rest real estate market had 17 homes for sale in November 2024, a 21.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 13
+200.0%
2 87
-12.5%
3 35
+66.7%
4 12
+100.0%
5+ 10
-100.0%

Summary: The Mountain Rest housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mountain Rest, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Mountain Rest in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% 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

Nov 2023Nov 2024CHANGE
47 Days18 Days-62.4%

Summary: Homes in Mountain Rest had an average of 18 days on market in Nov 2024, down by 62.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 Mountain Rest are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in Mountain Rest; 100% 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 21 Days Ago

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