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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Iva is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Iva has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Iva, SC

How much do homes in Iva, SC cost?

Median Sold Price

$197,750

-

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$22,250(-10.1%)

Key Takeaway

Homes in Iva have sold for 10.1% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$103.7K
N/A
2 $60K$197.5K
+229.2%
3 $222K$196K
-11.7%
4 $675K$217K
-67.9%
5+ $430K-
N/A

Summary: Iva housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 229.2%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes decreased by 67.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Iva
-0.7%
Iva
-10.1%

Housing Supply in Iva, SC

How many homes are available in Iva, SC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
28280.0%

Summary: The Iva real estate market had 28 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 77
0.0%
3 1614
-12.5%
4 46
+50.0%
5+ 00
0.0%

Summary: The Iva housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Iva, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Iva in May 2024, up by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.

Days on Market for Iva, SC

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

Average Sale Time

May 2023May 2024CHANGE
25 Days95 Days+275.2%

Summary: Homes in Iva had an average of 95 days on market in May 2024, up by 275.2% compared to last year.

Breakdown of Home Sale Times

0 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

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

Summary: During May 2024, 5 homes were sold in Iva; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 12 Days Ago

Newest Listings in Iva, SC

Nearby Markets to Iva, SC

What housing markets are near Iva, SC?