Is Abbeville, 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, Abbeville was a Neutral Market.
Housing Prices in Abbeville, SC
How much do homes in Abbeville, SC cost?
Median Sold Price
$249,900
-
Based on all homes sold in the last 12 months.
Difference Since May 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $150.5K | N/A |
2 Bedrooms | $110K | $146.7K | +33.4% |
3 Bedrooms | $186K | $225K | +21.0% |
4 Bedrooms | $245K | $325K | +32.7% |
5+ Bedrooms | $249K | $452.4K | +81.7% |
Summary: Abbeville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.4%, 3 bedroom homes increased by 21%, 4 bedroom homes increased by 32.7%, and 5+ bedroom homes increased by 81.7%.
Housing Supply in Abbeville, SC
How many homes are available in Abbeville, SC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 27 | +8.0% |
Summary: The Abbeville real estate market had 27 homes for sale in May 2024, a 8.0% 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 | 4 | 5 | +25.0% |
3 Bedrooms | 13 | 14 | +7.7% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Abbeville 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 25%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Abbeville in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Abbeville, SC
How long does it take to sell a home in Abbeville, SC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
57 Days | 46 Days | -18.0% |
Summary: Homes in Abbeville had an average of 46 days on market in May 2024, down by 18% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Abbeville; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.