Is Cowpens, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Cowpens was a Buyer's Market.
Key Takeaway
Cowpens is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cowpens, SC
How much do homes in Cowpens, SC cost?
Median Sold Price
$200,000
$159/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Cowpens have sold for 23.1% less than they did a month ago.
Summary: The median home sold price in Cowpens was $200,000 in March 2024, down 23.1% from last month, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $160.2K | N/A |
| 3 Bedrooms | - | $225K | N/A |
| 4 Bedrooms | $260K | $230K | -11.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Cowpens housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes did not change.
Housing Supply in Cowpens, SC
How many homes are available in Cowpens, SC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 37 | +19.4% |
Summary: The Cowpens real estate market had 37 homes for sale in March 2024, a 19.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 16 | 20 | +25.0% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Cowpens housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 10 | +400.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cowpens, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Cowpens in March 2024, up by 400.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.
Days on Market for Cowpens, SC
How long does it take to sell a home in Cowpens, SC?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 153 Days | 31 Days | -79.6% |
Summary: Homes in Cowpens had an average of 31 days on market in Mar 2024, down by 79.6% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cowpens are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Cowpens; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
