Is Gaffney, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Gaffney was a Seller's Market.
Housing Prices in Gaffney, SC
How much do homes in Gaffney, SC cost?
Median Sold Price
$219,990
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Gaffney was $219,990 in March 2024, up 37.5% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $16.2K | - | N/A |
2 Bedrooms | $85K | $119.5K | +40.6% |
3 Bedrooms | $175K | $219K | +25.1% |
4 Bedrooms | $220.7K | $247.9K | +12.3% |
5+ Bedrooms | $173.5K | $350K | +101.7% |
Summary: Gaffney housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 40.6%, 3 bedroom homes increased by 25.1%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 101.7%.
Housing Supply in Gaffney, SC
How many homes are available in Gaffney, SC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
154 | 154 | 0.0% |
Summary: The Gaffney real estate market had 154 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 27 | 19 | -29.6% |
3 Bedrooms | 93 | 97 | +4.3% |
4 Bedrooms | 29 | 34 | +17.2% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Gaffney 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 decreased by 29.6%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 22 | -40.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Gaffney in March 2024, down by 40.5% month-over-month. Of the 16 sold homes, 69% were sold under asking, 13% were sold at asking, and 19% were sold over asking.
Days on Market for Gaffney, SC
How long does it take to sell a home in Gaffney, SC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 48 Days | +0.8% |
Summary: Homes in Gaffney had an average of 48 days on market in Mar 2024, up by 0.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in Gaffney; 41% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.