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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Piedmont is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Piedmont, SC

How much do homes in Piedmont, SC cost?

Median Sold Price

$319,950

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$6,050(+1.9%)

Key Takeaway

Homes in Piedmont have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in Piedmont was $319,950 in September 2024, up 1.9% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $675K-
N/A
2 $216.5K$182.7K
-15.6%
3 $296K$295K
-0.3%
4 $315K$338.8K
+7.6%
5+ $347.2K$359.9K
+3.6%

Summary: Piedmont housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.6%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 3.6%.

Median Sold Price Compared To Nearby Cities

Pelzer
+17.2%
Williamston-Pelzer
+6.5%
Powdersville-Piedmont
+4.3%
Piedmont
+1.9%

Housing Supply in Piedmont, SC

How many homes are available in Piedmont, SC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
287313+9.1%

Summary: The Piedmont real estate market had 313 homes for sale in September 2024, a 9.1% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 46
+50.0%
3 145149
+2.8%
4 110131
+19.1%
5+ 2827
-3.6%

Summary: The Piedmont housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes decreased by 3.6%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
5755-3.5%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Piedmont, you may be able to get a good deal. 49% of homes here sold below asking price last month.

Summary: A total of 55 homes were sold or pending in Piedmont in September 2024, down by 3.5% month-over-month. Of the 49 sold homes, 49% were sold under asking, 37% were sold at asking, and 14% were sold over asking.

Days on Market for Piedmont, SC

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

Average Sale Time

Sep 2023Sep 2024CHANGE
44 Days44 Days+1.0%

Summary: Homes in Piedmont had an average of 44 days on market in Sep 2024, up by 1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 55 homes were sold in Piedmont; 11% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 4% 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 29 Days Ago

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