Is Landrum, 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, Landrum was a Buyer's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $295K | N/A |
2 Bedrooms | $205K | $360K | +75.6% |
3 Bedrooms | $275.5K | $379.9K | +37.9% |
4 Bedrooms | $370K | $610K | +64.9% |
5+ Bedrooms | $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 | $275.2K | $399K | +45.0% |
Landrum | $341.7K | $400K | +17.0% |
Campobello | $385.5K | $397K | +3.0% |
Housing Supply in Landrum, SC
How many homes are available in Landrum, SC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
75 | 85 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 31 | 33 | +6.5% |
4 Bedrooms | 21 | 26 | +23.8% |
5+ Bedrooms | 16 | 17 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 13 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
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 2023 | Mar 2024 | CHANGE |
---|---|---|
16 Days | 40 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
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.