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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hemingway is a neutral's market

Buyer's
Market

Difference Since September 2023

Since last year, Hemingway has remained a Neutral Market.

Key Takeaway

Hemingway is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Hemingway, SC

How much do homes in Hemingway, SC cost?

Median Sold Price

$235,000

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$50,000(+27.0%)

Key Takeaway

Homes in Hemingway have sold for 27% more than they did a year ago.

Summary: The median home sold price in Hemingway was $235,000 in September 2024, up 27% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $131K$90K
-31.3%
3 $197K$225K
+14.2%
4 $225.5K$289.9K
+28.6%
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 14.2%, 4 bedroom homes increased by 28.6%, 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
1813-27.8%

Summary: The Hemingway real estate market had 13 homes for sale in September 2024, a 27.8% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1611
-31.3%
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 31.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
52-60.0%

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 60.0% 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
131 Days65 Days-50.4%

Summary: Homes in Hemingway had an average of 65 days on market in Sep 2024, down by 50.4% 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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