Is Landrum, 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, Landrum has remained a Seller's Market.
Housing Prices in Landrum, SC
How much do homes in Landrum, SC cost?
Median Sold Price
$442,450
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Landrum was $442,450 in May 2024, up 22.9% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $295K | $269.2K | -8.7% |
2 Bedrooms | $210K | $237.5K | +13.1% |
3 Bedrooms | $359.9K | $359.5K | -0.1% |
4 Bedrooms | $535K | $859.4K | +60.6% |
5+ Bedrooms | $704K | $890K | +26.4% |
Summary: Landrum housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.7%, 2 bedroom homes increased by 13.1%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 60.6%, and 5+ bedroom homes increased by 26.4%.
Median Sold Price Compared To Nearby Cities
Landrum | $360K | $442.4K | +22.9% |
Landrum | $360K | $425.5K | +18.2% |
Tryon | $365.7K | $397K | +8.5% |
Tryon Township | $370K | $399K | +7.8% |
Highland | $442.5K | $380.5K | -14.0% |
Housing Supply in Landrum, SC
How many homes are available in Landrum, SC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
92 | 106 | +15.2% |
Summary: The Landrum real estate market had 106 homes for sale in May 2024, a 15.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 13 | 12 | -7.7% |
3 Bedrooms | 27 | 37 | +37.0% |
4 Bedrooms | 30 | 38 | +26.7% |
5+ Bedrooms | 20 | 17 | -15.0% |
Summary: The Landrum 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 7.7%, 3 bedroom homes increased by 37%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes decreased by 15%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 19 | +46.2% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Landrum in May 2024, up by 46.2% month-over-month. Of the 18 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Landrum, SC
How long does it take to sell a home in Landrum, SC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 20 Days | -6.2% |
Summary: Homes in Landrum had an average of 20 days on market in May 2024, down by 6.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Landrum; 53% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.