Is Duncan, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Duncan was a Neutral Market.
Key Takeaway
Duncan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Duncan, SC
How much do homes in Duncan, SC cost?
Median Sold Price
$325,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Duncan have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Duncan was $325,000 in April 2024, up 12.1% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $123.5K | $210K | +70.0% |
| 3 Bedrooms | $277K | $290K | +4.7% |
| 4 Bedrooms | $371K | $360K | -3.0% |
| 5+ Bedrooms | $422.5K | $452K | +7.0% |
Summary: Duncan housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 70%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 7%.
Housing Supply in Duncan, SC
How many homes are available in Duncan, SC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 129 | 141 | +9.3% |
Summary: The Duncan real estate market had 141 homes for sale in April 2024, a 9.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 68 | 80 | +17.6% |
| 4 Bedrooms | 41 | 40 | -2.4% |
| 5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Duncan housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 32 | +68.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Duncan, expect to pay close to the asking price. 53.6% of homes here sold near the asking price last month.
Summary: A total of 32 homes were sold or pending in Duncan in April 2024, up by 68.4% month-over-month. Of the 28 sold homes, 46% were sold under asking, 54% were sold at asking, and 0% were sold over asking.
Days on Market for Duncan, SC
How long does it take to sell a home in Duncan, SC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 50 Days | 47 Days | -6.0% |
Summary: Homes in Duncan had an average of 47 days on market in Apr 2024, down by 6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Duncan are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 32 homes were sold in Duncan; 28% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
