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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Landrum is a neutral's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

Landrum 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 Landrum, SC

How much do homes in Landrum, SC cost?

Median Sold Price

$399,000

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$123,750(+45.0%)

Key Takeaway

Homes in Landrum have sold for 45% more than they did a year ago.

Summary: The median home sold price in Landrum was $399,000 in March 2024, up 45% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$295K
N/A
2 $205K$360K
+75.6%
3 $275.5K$379.9K
+37.9%
4 $370K$610K
+64.9%
5+ $475K$950K
+100.0%

Summary: Landrum 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 75.6%, 3 bedroom homes increased by 37.9%, 4 bedroom homes increased by 64.9%, and 5+ bedroom homes increased by 100%.

Median Sold Price Compared To Nearby Cities

Landrum
+45.0%
Landrum
+17.0%
Campobello
+3.0%

Housing Supply in Landrum, SC

How many homes are available in Landrum, SC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
7585+13.3%

Summary: The Landrum real estate market had 85 homes for sale in March 2024, a 13.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 02
+100.0%
2 77
0.0%
3 3133
+6.5%
4 2126
+23.8%
5+ 1617
+6.3%

Summary: The Landrum housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes increased by 6.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
13130.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Landrum, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Landrum in March 2024, the same as the previous month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.

Days on Market for Landrum, SC

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

Average Sale Time

Mar 2023Mar 2024CHANGE
16 Days40 Days+154.5%

Summary: Homes in Landrum had an average of 40 days on market in Mar 2024, up by 154.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Landrum are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 13 homes were sold in Landrum; 23% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% 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 24 Days Ago

Newest Listings in Landrum, SC

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