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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Woodruff is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Woodruff, SC

How much do homes in Woodruff, SC cost?

Median Sold Price

$294,500

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$4,400(-1.5%)

Key Takeaway

Homes in Woodruff have sold for 1.5% less than they did a year ago.

Summary: The median home sold price in Woodruff was $294,500 in November 2024, down 1.5% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $204.9K$161.5K
-21.2%
3 $270K$274.9K
+1.8%
4 $338.7K$313.5K
-7.4%
5+ $339.9K$319.4K
-6.0%

Summary: Woodruff 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 21.2%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 6%.

Housing Supply in Woodruff, SC

How many homes are available in Woodruff, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
170173+1.8%

Summary: The Woodruff real estate market had 173 homes for sale in November 2024, a 1.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 02
+100.0%
2 1313
0.0%
3 5562
+12.7%
4 7876
-2.6%
5+ 2420
-16.7%

Summary: The Woodruff housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.7%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2823-17.9%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woodruff, expect to pay close to the asking price. 63.2% of homes here sold near the asking price last month.

Summary: A total of 23 homes were sold or pending in Woodruff in November 2024, down by 17.9% month-over-month. Of the 19 sold homes, 32% were sold under asking, 63% were sold at asking, and 5% were sold over asking.

Days on Market for Woodruff, SC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
37 Days124 Days+230.7%

Summary: Homes in Woodruff had an average of 124 days on market in Nov 2024, up by 230.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Woodruff are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 23 homes were sold in Woodruff; 9% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 39% 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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