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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Landrum is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

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

+$82,450(+22.9%)

Key Takeaway

Homes in Landrum have sold for 22.9% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $295K$269.2K
-8.7%
2 $210K$237.5K
+13.1%
3 $359.9K$359.5K
-0.1%
4 $535K$859.4K
+60.6%
5+ $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
+22.9%
Landrum
+18.2%
Tryon
+8.5%
Tryon Township
+7.8%
Highland
-14.0%

Housing Supply in Landrum, SC

How many homes are available in Landrum, SC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
92106+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

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 1312
-7.7%
3 2737
+37.0%
4 3038
+26.7%
5+ 2017
-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 2024May 2024CHANGE
1319+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Landrum, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

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 2023May 2024CHANGE
21 Days20 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 16 Days Ago

Newest Listings in Landrum, SC

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