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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hemingway is a buyer's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

Hemingway is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Hemingway, SC

How much do homes in Hemingway, SC cost?

Median Sold Price

$219,000

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$54,000(+32.7%)

Key Takeaway

Homes in Hemingway have sold for 32.7% more than they did a year ago.

Summary: The median home sold price in Hemingway was $219,000 in April 2024, up 32.7% from last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $124K$110.5K
-10.9%
3 $172.5K$229.5K
+33.0%
4 $153.7K$267.4K
+74.0%
5+ $310K$510K
+64.5%

Summary: Hemingway 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 decreased by 10.9%, 3 bedroom homes increased by 33%, 4 bedroom homes increased by 74%, and 5+ bedroom homes increased by 64.5%.

Median Sold Price Compared To Nearby Cities

Hemingway
+32.7%
Hemingway
+10.4%

Housing Supply in Hemingway, SC

How many homes are available in Hemingway, SC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1924+26.3%

Summary: The Hemingway real estate market had 24 homes for sale in April 2024, a 26.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 1015
+50.0%
4 56
+20.0%
5+ 00
0.0%

Summary: The Hemingway 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 decreased by 25%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hemingway, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Hemingway in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% 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

Apr 2023Apr 2024CHANGE
68 Days148 Days+116.2%

Summary: Homes in Hemingway had an average of 148 days on market in Apr 2024, up by 116.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Hemingway are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 3 homes were sold in Hemingway; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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 4 Days Ago

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