Is Park West, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Park West is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Park West has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Park West, SC

How much do homes in Park West, SC cost?

Median Sold Price

$636,000

$319/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$56,000(+9.7%)

Key Takeaway

Homes in Park West have sold for 9.7% more than they did a year ago.

Summary: The median home sold price in Park West was $636,000 in November 2024, up 9.7% from last year, and the median price per square foot was $319.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $280K$300K
+7.1%
2 $337K$385K
+14.2%
3 $535K$568.5K
+6.3%
4 $702.5K$809.6K
+15.2%
5+ $970K$1.4M
+48.3%

Summary: Park West housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 48.3%.

Median Sold Price Compared To Nearby Neighborhoods

Dunes West
+21.9%
Park West
+9.7%

Housing Supply in Park West, SC

How many homes are available in Park West, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5659+5.4%

Summary: The Park West real estate market had 59 homes for sale in November 2024, a 5.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 53
-40.0%
2 47
+75.0%
3 2325
+8.7%
4 1215
+25.0%
5+ 129
-25.0%

Summary: The Park West housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Park West, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Park West in November 2024, up by 10.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.

Days on Market for Park West, SC

We’re sorry, we don't have information for this market at the moment

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

Report Updated 21 Days Ago

Newest Listings in Park West, SC

Nearby Markets to Park West, SC