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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cowpens is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Cowpens has remained a Seller'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

$239,990

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$500(-0.2%)

Key Takeaway

The sold price of homes in Cowpens has remained the same since last year.

Summary: The median home sold price in Cowpens was $239,990 in September 2024, down 0.2% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$129K
N/A
2 $92.2K$160.2K
+73.7%
3 $244.9K$236.7K
-3.3%
4 $334.9K$293.7K
-12.3%
5+ --
N/A

Summary: Cowpens housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 73.7%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Boiling Springs
+5.3%
Mayo
+1.7%
Cowpens
-0.2%
Cowpens
-3.3%
Macedonia
-9.3%

Housing Supply in Cowpens, SC

How many homes are available in Cowpens, SC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4135-14.6%

Summary: The Cowpens real estate market had 35 homes for sale in September 2024, a 14.6% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 86
-25.0%
3 2323
0.0%
4 73
-57.1%
5+ 33
0.0%

Summary: The Cowpens housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 57.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
138-38.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cowpens, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Cowpens in September 2024, down by 38.5% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% 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

Sep 2023Sep 2024CHANGE
21 Days18 Days-14.7%

Summary: Homes in Cowpens had an average of 18 days on market in Sep 2024, down by 14.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 8 homes were sold in Cowpens; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% 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 30 Days Ago

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