$95,000
5.89 Acres
Land
Hunter Gneisig, Listing Office: Coldwell Banker Caine Real Est
Is Wellford, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Wellford was a Buyer's Market.
Key Takeaway
Wellford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wellford, SC
How much do homes in Wellford, SC cost?
Median Sold Price
$282,400
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,950(+8.4%)
Key Takeaway
Homes in Wellford have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Wellford was $282,400 in November 2024, up 8.4% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $173.9K | $149K | -14.3% |
| 3 Bedrooms | $266K | $274.9K | +3.3% |
| 4 Bedrooms | $352.8K | $379.9K | +7.7% |
| 5+ Bedrooms | - | $317K | N/A |
Summary: Wellford housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Wellford | $260.4K | $282.4K | +8.4% |
| Fairmont Mills | $284.9K | $300.2K | +5.4% |
| Lyman | $297.9K | $295K | -1.0% |
Housing Supply in Wellford, SC
How many homes are available in Wellford, SC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 83 | 78 | -6.0% |
Summary: The Wellford real estate market had 78 homes for sale in November 2024, a 6.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 42 | 41 | -2.4% |
| 4 Bedrooms | 32 | 28 | -12.5% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Wellford 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 increased by 25%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 21 | +23.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
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 21 homes were sold or pending in Wellford in November 2024, up by 23.5% month-over-month. Of the 20 sold homes, 50% were sold under asking, 35% were sold at asking, and 15% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 347 Days | 27 Days | -92.0% |
Summary: Homes in Wellford had an average of 27 days on market in Nov 2024, down by 92% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wellford are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in Wellford; 43% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
