Is Arrowhead, 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, Arrowhead was a Seller's Market.
Key Takeaway
Arrowhead is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Arrowhead, SC
How much do homes in Arrowhead, SC cost?
Median Sold Price
$272,500
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Arrowhead have sold for 9.8% less than they did a year ago.
Summary: The median home sold price in Arrowhead was $272,500 in May 2024, down 9.8% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $167.4K | -4.3% |
| 2 Bedrooms | $215K | $209.9K | -2.4% |
| 3 Bedrooms | $311K | $308K | -1.0% |
| 4 Bedrooms | $436K | $391.2K | -10.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Arrowhead housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes did not change.
Housing Supply in Arrowhead, SC
How many homes are available in Arrowhead, SC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 36 | -10.0% |
Summary: The Arrowhead real estate market had 36 homes for sale in May 2024, a 10.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Arrowhead 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 25%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 3 | -70.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arrowhead, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Arrowhead in May 2024, down by 70.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Arrowhead, SC
How long does it take to sell a home in Arrowhead, SC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 89 Days | 80 Days | -10.4% |
Summary: Homes in Arrowhead had an average of 80 days on market in May 2024, down by 10.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Arrowhead are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 3 homes were sold in Arrowhead; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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