Is Boiling Springs, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boiling Springs is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Boiling Springs, SC

How much do homes in Boiling Springs, SC cost?

Median Sold Price

$295,403

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$11,430(+4.0%)

Key Takeaway

Homes in Boiling Springs have sold for 4% more than they did a year ago.

Summary: The median home sold price in Boiling Springs was $295,403 in May 2024, up 4% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$185K
N/A
2 $163K$175K
+7.4%
3 $265K$265.3K
0.1%
4 $335K$331K
-1.2%
5+ $371.8K$360K
-3.2%

Summary: Boiling Springs 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 7.4%, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 3.2%.

Median Sold Price Compared To Nearby Cities

Fingerville
+48.2%
Boiling Springs
+4.0%
Mayo
-2.0%
Cowpens
-2.0%

Housing Supply in Boiling Springs, SC

How many homes are available in Boiling Springs, SC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
453507+11.9%

Summary: The Boiling Springs real estate market had 507 homes for sale in May 2024, a 11.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1112
+9.1%
3 213234
+9.9%
4 155179
+15.5%
5+ 7482
+10.8%

Summary: The Boiling Springs 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 increased by 9.1%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 10.8%.

Number of Homes Sold

Apr 2024May 2024CHANGE
82119+45.1%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

51 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boiling Springs, expect to pay close to the asking price. 45.9% of homes here sold near the asking price last month.

Summary: A total of 119 homes were sold or pending in Boiling Springs in May 2024, up by 45.1% month-over-month. Of the 111 sold homes, 39% were sold under asking, 46% were sold at asking, and 15% were sold over asking.

Days on Market for Boiling Springs, SC

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

Average Sale Time

May 2023May 2024CHANGE
32 Days44 Days+37.1%

Summary: Homes in Boiling Springs had an average of 44 days on market in May 2024, up by 37.1% compared to last year.

Breakdown of Home Sale Times

40 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 119 homes were sold in Boiling Springs; 34% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 8% 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 1 Day Ago

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