Is Hemingway, 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, Hemingway has remained a Seller's Market.
Housing Prices in Hemingway, SC
How much do homes in Hemingway, SC cost?
Median Sold Price
$165,000
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hemingway was $165,000 in May 2024, up 10.7% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $124K | $110.5K | -10.9% |
3 Bedrooms | $150K | $176.5K | +17.7% |
4 Bedrooms | $180K | $267.4K | +48.6% |
5+ Bedrooms | - | $510K | N/A |
Summary: Hemingway 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 decreased by 10.9%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 48.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Hemingway | $162K | $229.5K | +41.7% |
Hemingway | $149K | $165K | +10.7% |
Housing Supply in Hemingway, SC
How many homes are available in Hemingway, SC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 16 | -5.9% |
Summary: The Hemingway 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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 0 | -100.0% |
3 Bedrooms | 10 | 11 | +10.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hemingway 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 100%, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Hemingway in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Hemingway, SC
How long does it take to sell a home in Hemingway, SC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
138 Days | 75 Days | -45.7% |
Summary: Homes in Hemingway had an average of 75 days on market in May 2024, down by 45.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Hemingway; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.