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 October 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

$369,925

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,025(+2.8%)

Key Takeaway

Homes in Simpsonville have sold for 2.8% more than they did a year ago.

Summary: The median home sold price in Simpsonville was $369,925 in October 2024, up 2.8% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $199.9K$130K
-35.0%
2 $232.5K$271.5K
+16.8%
3 $288.6K$311.2K
+7.8%
4 $375K$408K
+8.8%
5+ $432.2K$515K
+19.2%

Summary: Simpsonville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35%, 2 bedroom homes increased by 16.8%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 19.2%.

Housing Supply in Simpsonville, SC

How many homes are available in Simpsonville, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
558568+1.8%

Summary: The Simpsonville real estate market had 568 homes for sale in October 2024, a 1.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 1418
+28.6%
3 232235
+1.3%
4 222222
0.0%
5+ 8689
+3.5%

Summary: The Simpsonville 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 increased by 28.6%, 3 bedroom homes increased by 1.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 3.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
117115-1.7%

Asking Price vs. Sold Price

69 Homes Were Sold
Under Asking

28 Homes Were Sold
At Asking

12 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. 63.3% of homes here sold below asking price last month.

Summary: A total of 115 homes were sold or pending in Simpsonville in October 2024, down by 1.7% month-over-month. Of the 109 sold homes, 63% were sold under asking, 26% were sold at asking, and 11% 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

Oct 2023Oct 2024CHANGE
67 Days34 Days-49.6%

Summary: Homes in Simpsonville had an average of 34 days on market in Oct 2024, down by 49.6% compared to last year.

Breakdown of Home Sale Times

4 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 Simpsonville are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 115 homes were sold in Simpsonville; 3% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 1% 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 16 Days Ago

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