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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Elloree is a buyer's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Elloree, SC

How much do homes in Elloree, SC cost?

Median Sold Price

$297,500

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$6,450(+2.2%)

Key Takeaway

Homes in Elloree have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Elloree was $297,500 in May 2024, up 2.2% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $142.5K-
N/A
2 $219.9K$365K
+65.9%
3 $266.5K$289.5K
+8.6%
4 $297K$399.9K
+34.6%
5+ --
N/A

Summary: Elloree 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 65.9%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 34.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Elloree
+2.2%
Elloree
-2.4%

Housing Supply in Elloree, SC

How many homes are available in Elloree, SC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1716-5.9%

Summary: The Elloree real estate market had 16 homes for sale in May 2024, a 5.9% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 33
0.0%
3 99
0.0%
4 54
-20.0%
5+ 00
0.0%

Summary: The Elloree 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 remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Elloree, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Elloree in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Elloree, SC

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Elloree, SC

Nearby Markets to Elloree, SC

What housing markets are near Elloree, SC?