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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Inman is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Inman, SC

How much do homes in Inman, SC cost?

Median Sold Price

$299,270

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$30,987(+11.6%)

Key Takeaway

Homes in Inman have sold for 11.6% more than they did a year ago.

Summary: The median home sold price in Inman was $299,270 in May 2024, up 11.6% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $125K$144K
+15.2%
2 $171K$197.4K
+15.5%
3 $255K$279.5K
+9.6%
4 $318.1K$355K
+11.6%
5+ $496.9K$420K
-15.5%

Summary: Inman housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.2%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes decreased by 15.5%.

Housing Supply in Inman, SC

How many homes are available in Inman, SC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
240287+19.6%

Summary: The Inman real estate market had 287 homes for sale in May 2024, a 19.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 913
+44.4%
3 130151
+16.2%
4 6481
+26.6%
5+ 3742
+13.5%

Summary: The Inman 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 44.4%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 26.6%, and 5+ bedroom homes increased by 13.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4553+17.8%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Inman, you may be able to get a good deal. 44% of homes here sold below asking price last month.

Summary: A total of 53 homes were sold or pending in Inman in May 2024, up by 17.8% month-over-month. Of the 50 sold homes, 44% were sold under asking, 44% were sold at asking, and 12% were sold over asking.

Days on Market for Inman, SC

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

Average Sale Time

May 2023May 2024CHANGE
25 Days56 Days+119.3%

Summary: Homes in Inman had an average of 56 days on market in May 2024, up by 119.3% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 53 homes were sold in Inman; 32% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 11% 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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