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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hemingway is a seller's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Hemingway was a Buyer's Market.

Key Takeaway

Hemingway is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Hemingway, SC

How much do homes in Hemingway, SC cost?

Median Sold Price

$179,000

$113/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$39,000(+27.9%)

Key Takeaway

Homes in Hemingway have sold for 27.9% more than they did a year ago.

Summary: The median home sold price in Hemingway was $179,000 in September 2024, up 27.9% from last year, and the median price per square foot was $113.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $131K$90K
-31.3%
3 $140K$170K
+21.4%
4 $225.5K$287.4K
+27.5%
5+ $510K-
N/A

Summary: Hemingway 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 decreased by 31.3%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 27.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Hemingway
+27.9%
Hemingway
+27.0%

Housing Supply in Hemingway, SC

How many homes are available in Hemingway, SC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1310-23.1%

Summary: The Hemingway real estate market had 10 homes for sale in September 2024, a 23.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 11
0.0%
3 118
-27.3%
4 11
0.0%
5+ 00
0.0%

Summary: The Hemingway 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 remained the same, 3 bedroom homes decreased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was 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 Hemingway, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Hemingway in September 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Hemingway, SC

How long does it take to sell a home in Hemingway, SC?

Average Sale Time

Sep 2023Sep 2024CHANGE
239 Days65 Days-72.8%

Summary: Homes in Hemingway had an average of 65 days on market in Sep 2024, down by 72.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Hemingway has remained consistent over time.

Summary: During September 2024, 2 homes were sold in Hemingway; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 Sep 1, 2024

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