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 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

# BEDSOct 2023Oct 2024CHANGE
1 $135K$333.9K
+147.4%
2 $259.5K$282K
+8.7%
3 $484.5K$376.3K
-22.3%
4 $277.5K$520K
+87.4%
5+ $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
+36.7%
Cashiers Township
-19.2%

Housing Supply in Mountain Rest, SC

How many homes are available in Mountain Rest, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
17170.0%

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

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 98
-11.1%
3 66
0.0%
4 01
+100.0%
5+ 11
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 2024Oct 2024CHANGE
12+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
297 Days117 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Mountain Rest, SC

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