Is Ravenel-Hollywood, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Ravenel-Hollywood was a Seller's Market.
Key Takeaway
Ravenel-Hollywood is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Ravenel-Hollywood, SC
How much do homes in Ravenel-Hollywood, SC cost?
Median Sold Price
$659,950
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ravenel-Hollywood have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Ravenel-Hollywood was $659,950 in May 2024, up 6.4% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $460K | $352.7K | -23.3% |
| 2 Bedrooms | $390K | $300K | -23.1% |
| 3 Bedrooms | $560K | $575K | +2.7% |
| 4 Bedrooms | $691.7K | $719.2K | +4.0% |
| 5+ Bedrooms | $785K | $832K | +6.0% |
Summary: Ravenel-Hollywood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.3%, 2 bedroom homes decreased by 23.1%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Cities
| Hollywood | $632.5K | $692.4K | +9.5% |
| Ravenel-Hollywood | $620K | $659.9K | +6.4% |
| Ravenel | $467.4K | $489.4K | +4.7% |
| Meggett | $775K | $650K | -16.1% |
Housing Supply in Ravenel-Hollywood, SC
How many homes are available in Ravenel-Hollywood, SC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 64 | 70 | +9.4% |
Summary: The Ravenel-Hollywood real estate market had 70 homes for sale in May 2024, a 9.4% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 22 | 23 | +4.5% |
| 4 Bedrooms | 27 | 29 | +7.4% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The Ravenel-Hollywood 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 100%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ravenel-Hollywood, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Ravenel-Hollywood in May 2024, down by 23.1% month-over-month. Of the 10 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Ravenel-Hollywood, SC
We’re sorry, we don't have information for this market at the moment
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