Is Cowpens, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Cowpens has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77.5K | $129K | +66.5% |
| 2 Bedrooms | $116.5K | $160.6K | +37.9% |
| 3 Bedrooms | $265.4K | $239.9K | -9.6% |
| 4 Bedrooms | $379.9K | $440K | +15.8% |
| 5+ Bedrooms | $255K | $220K | -13.7% |
Summary: Cowpens housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.5%, 2 bedroom homes increased by 37.9%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 13.7%.
Median Sold Price Compared To Nearby Cities
| Macedonia | $275K | $304.9K | +10.9% |
| Boiling Springs | $277.8K | $289.6K | +4.3% |
| Cowpens | $240K | $239.9K | 0% |
Housing Supply in Cowpens, SC
How many homes are available in Cowpens, SC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 39 | +18.2% |
Summary: The Cowpens real estate market had 39 homes for sale in March 2024, a 18.2% 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 | 18 | 22 | +22.2% |
| 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 22.2%, 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 31 Days | 31 Days | -1.7% |
Summary: Homes in Cowpens had an average of 31 days on market in Mar 2024, down by 1.7% compared to last year.
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.
