Is Cowpens, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Cowpens has remained a Seller's Market.
Key Takeaway
Cowpens is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cowpens, SC
How much do homes in Cowpens, SC cost?
Median Sold Price
$239,990
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cowpens have sold for 2% less than they did a year ago.
Summary: The median home sold price in Cowpens was $239,990 in May 2024, down 2% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77.5K | $129K | +66.5% |
| 2 Bedrooms | $92.2K | $145.5K | +57.7% |
| 3 Bedrooms | $269.9K | $239.9K | -11.1% |
| 4 Bedrooms | $332.4K | $323.5K | -2.7% |
| 5+ Bedrooms | $255K | $220K | -13.7% |
Summary: Cowpens housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.5%, 2 bedroom homes increased by 57.7%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 13.7%.
Median Sold Price Compared To Nearby Cities
| Boiling Springs | $283.9K | $295.4K | +4.0% |
| Macedonia | $264.9K | $265.3K | 0.2% |
| Cowpens | $244.9K | $239.9K | -2.0% |
| Mayo | $250K | $245K | -2.0% |
| Cowpens | $250K | $239.9K | -4.0% |
Housing Supply in Cowpens, SC
How many homes are available in Cowpens, SC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 31 | -16.2% |
Summary: The Cowpens real estate market had 31 homes for sale in May 2024, a 16.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 2 | -66.7% |
| 3 Bedrooms | 18 | 17 | -5.6% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cowpens 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 decreased by 66.7%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cowpens, expect to pay close to the asking price. 72.7% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Cowpens in May 2024, the same as the previous month. Of the 11 sold homes, 18% were sold under asking, 73% were sold at asking, and 9% were sold over asking.
Days on Market for Cowpens, SC
How long does it take to sell a home in Cowpens, SC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 92 Days | +283.0% |
Summary: Homes in Cowpens had an average of 92 days on market in May 2024, up by 283% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cowpens are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Cowpens; 42% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
