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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Simpsonville is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Simpsonville was a Buyer's Market.

Key Takeaway

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

Housing Prices in Simpsonville, SC

How much do homes in Simpsonville, SC cost?

Median Sold Price

$371,902

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$8,652(+2.4%)

Key Takeaway

Homes in Simpsonville have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in Simpsonville was $371,902 in November 2024, up 2.4% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $199.9K$175.7K
-12.1%
2 $232.5K$260K
+11.8%
3 $288K$310K
+7.6%
4 $375K$410K
+9.3%
5+ $427.5K$521.8K
+22.1%

Summary: Simpsonville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.1%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 22.1%.

Housing Supply in Simpsonville, SC

How many homes are available in Simpsonville, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
545558+2.4%

Summary: The Simpsonville real estate market had 558 homes for sale in November 2024, a 2.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 1818
0.0%
3 225228
+1.3%
4 207218
+5.3%
5+ 9190
-1.1%

Summary: The Simpsonville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 1.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
119107-10.1%

Asking Price vs. Sold Price

62 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Simpsonville, you may be able to get a good deal. 60.2% of homes here sold below asking price last month.

Summary: A total of 107 homes were sold or pending in Simpsonville in November 2024, down by 10.1% month-over-month. Of the 103 sold homes, 60% were sold under asking, 26% were sold at asking, and 14% were sold over asking.

Days on Market for Simpsonville, SC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
46 Days39 Days-16.3%

Summary: Homes in Simpsonville had an average of 39 days on market in Nov 2024, down by 16.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Simpsonville has remained consistent over time.

Summary: During November 2024, 107 homes were sold in Simpsonville; 2% of homes were sold within 30 days, 4% 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 17 Days Ago

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