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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wellford is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Wellford was a Seller's Market.

Key Takeaway

Wellford is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Wellford, SC

How much do homes in Wellford, SC cost?

Median Sold Price

$270,607

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$16,657(+6.6%)

Key Takeaway

Homes in Wellford have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in Wellford was $270,607 in September 2024, up 6.6% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $173.9K$145.5K
-16.3%
3 $253K$270K
+6.7%
4 $330.7K$392.5K
+18.7%
5+ -$237K
N/A

Summary: Wellford 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 16.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Wellford
+6.6%
Fairmont Mills
+5.2%
Lyman
+2.4%

Housing Supply in Wellford, SC

How many homes are available in Wellford, SC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
7469-6.8%

Summary: The Wellford real estate market had 69 homes for sale in September 2024, a 6.8% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 3932
-17.9%
4 2629
+11.5%
5+ 44
0.0%

Summary: The Wellford 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 decreased by 20%, 3 bedroom homes decreased by 17.9%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
169-43.8%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wellford, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Wellford in September 2024, down by 43.8% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.

Days on Market for Wellford, SC

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

Average Sale Time

Sep 2023Sep 2024CHANGE
52 Days36 Days-31.2%

Summary: Homes in Wellford had an average of 36 days on market in Sep 2024, down by 31.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 9 homes were sold in Wellford; 44% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% 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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MLS Disclaimers and Copyright

Based on information from Multiple Listing Service of Spartanburg, Greater Greenville MLS, and Western Upstate MLS for the period 10/01/2022 - 10/01/2024

© 2024 Spartanburg Association of REALTORS® Multiple Listing Service. All Rights Reserved.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Spartanburg Association of REALTORS®. IDX information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable, but not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/30/2024, 3:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Listing provided courtesy of Greater Greenville Association of Realtors® Internet Data Exchange Database. © 2024 GGAR MLS.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GGAR MLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. GGAR MLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/30/2024, 3:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

© 2024 Western Upstate Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this Web site comes in part from the Broker Reciprocity Program of the Western Upstate Association of REALTORS®, Inc. and the Western Upstate Multiple Listing Service, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

This information is deemed reliable, but not guaranteed. Neither the Western Upstate Association of REALTORS®, Inc. or Western Upstate Multiple Listing Service of South Carolina, Inc., nor the listing broker, nor their agents or subagents are responsible for the accuracy of this information. The buyer is responsible for verifying all information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/30/2024, 3:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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