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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Iva is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Iva, SC

How much do homes in Iva, SC cost?

Median Sold Price

$197,750

-

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$22,250(-10.1%)

Key Takeaway

Homes in Iva have sold for 10.1% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$103.7K
N/A
2 $60K$197.5K
+229.2%
3 $222K$196K
-11.7%
4 $675K$217K
-67.9%
5+ $430K-
N/A

Summary: Iva 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 229.2%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes decreased by 67.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Iva
-0.7%
Iva
-10.1%

Housing Supply in Iva, SC

How many homes are available in Iva, SC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
28280.0%

Summary: The Iva real estate market had 28 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 77
0.0%
3 1614
-12.5%
4 46
+50.0%
5+ 00
0.0%

Summary: The Iva 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 decreased by 12.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Iva, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Iva in May 2024, up by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.

Days on Market for Iva, SC

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

Average Sale Time

May 2023May 2024CHANGE
25 Days95 Days+275.2%

Summary: Homes in Iva had an average of 95 days on market in May 2024, up by 275.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Iva has remained consistent over time.

Summary: During May 2024, 5 homes were sold in Iva; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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

Newest Listings in Iva, SC

Nearby Markets to Iva, SC

What housing markets are near Iva, SC?