Is Laurens, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Laurens has remained a Seller's Market.
Key Takeaway
Laurens is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Laurens, SC
How much do homes in Laurens, SC cost?
Median Sold Price
$225,000
$121/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Laurens have sold for 104.5% more than they did a month ago.
Summary: The median home sold price in Laurens was $225,000 in May 2024, up 104.5% from last month, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $25K | - | N/A |
| 2 Bedrooms | $95K | $80K | -15.8% |
| 3 Bedrooms | $195K | $225K | +15.4% |
| 4 Bedrooms | $375K | $340.4K | -9.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Laurens housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.8%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes did not change.
Housing Supply in Laurens, SC
How many homes are available in Laurens, SC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 73 | 83 | +13.7% |
Summary: The Laurens real estate market had 83 homes for sale in May 2024, a 13.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 3 | -57.1% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 42 | 50 | +19.0% |
| 4 Bedrooms | 13 | 17 | +30.8% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Laurens housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 57.1%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Laurens, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Laurens in May 2024, up by 23.1% month-over-month. Of the 15 sold homes, 67% were sold under asking, 20% were sold at asking, and 13% were sold over asking.
Days on Market for Laurens, SC
How long does it take to sell a home in Laurens, SC?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Laurens has remained consistent over time.
Summary: During May 2024, 16 homes were sold in Laurens; 0% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
