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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pacolet is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Pacolet has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Pacolet, SC

How much do homes in Pacolet, SC cost?

Median Sold Price

$162,000

$143/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$38,000(-19.0%)

Key Takeaway

Homes in Pacolet have sold for 19% less than they did a month ago.

Summary: The median home sold price in Pacolet was $162,000 in October 2024, down 19% from last month, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $177.8K$180.4K
+1.5%
3 $225K$162K
-28.0%
4 --
N/A
5+ -$6.5K
N/A

Summary: Pacolet housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.5%, 3 bedroom homes decreased by 28%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Pacolet
-19.0%
Pacolet
-19.0%

Housing Supply in Pacolet, SC

How many homes are available in Pacolet, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2625-3.8%

Summary: The Pacolet 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 01
+100.0%
2 56
+20.0%
3 1814
-22.2%
4 12
+100.0%
5+ 22
0.0%

Summary: The Pacolet housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pacolet, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Pacolet in October 2024, up by 20.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.

Days on Market for Pacolet, SC

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

Average Sale Time

Sep 2024Oct 2024CHANGE
3 Days52 Days+1640.0%

Summary: Homes in Pacolet had an average of 52 days on market in Oct 2024, up by 1640% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 6 homes were sold in Pacolet; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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 Pacolet, SC

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