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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Woodruff is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Woodruff, SC

How much do homes in Woodruff, SC cost?

Median Sold Price

$294,500

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$19,500(+7.1%)

Key Takeaway

Homes in Woodruff have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Woodruff was $294,500 in May 2024, up 7.1% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $82.5K$56.2K
-31.8%
2 $134.9K$184.9K
+37.1%
3 $265K$264K
-0.4%
4 $338.7K$347.1K
+2.5%
5+ $319.9K$449.9K
+40.7%

Summary: Woodruff housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.8%, 2 bedroom homes increased by 37.1%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 40.7%.

Housing Supply in Woodruff, SC

How many homes are available in Woodruff, SC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
219272+24.2%

Summary: The Woodruff real estate market had 272 homes for sale in May 2024, a 24.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 1420
+42.9%
3 85103
+21.2%
4 84106
+26.2%
5+ 3441
+20.6%

Summary: The Woodruff 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 42.9%, 3 bedroom homes increased by 21.2%, 4 bedroom homes increased by 26.2%, and 5+ bedroom homes increased by 20.6%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2265+195.5%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

28 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woodruff, expect to pay close to the asking price. 45.9% of homes here sold near the asking price last month.

Summary: A total of 65 homes were sold or pending in Woodruff in May 2024, up by 195.5% month-over-month. Of the 61 sold homes, 38% were sold under asking, 46% were sold at asking, and 16% were sold over asking.

Days on Market for Woodruff, SC

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

Average Sale Time

May 2023May 2024CHANGE
17 Days39 Days+132.3%

Summary: Homes in Woodruff had an average of 39 days on market in May 2024, up by 132.3% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 65 homes were sold in Woodruff; 28% of homes were sold within 30 days, 12% 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 1 Day Ago

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