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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Landrum is a seller's market

Buyer's
Market

Difference Since July 2021

Since last year, Landrum has remained a Seller's Market.

Key Takeaway

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

How much do homes in Landrum, SC cost?

Median Sold Price

$235,500

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$25,500(+12.1%)

Key Takeaway

Homes in Landrum have sold for 12.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $95K-
N/A
2 $185K$187.5K
+1.4%
3 $217.5K$252.5K
+16.1%
4 $227.5K$314.5K
+38.2%
5+ $452.2K$267K
-41.0%

Median Sold Price Compared To Nearby Cities

Landrum
+12.1%
Landrum
-0.6%

How many homes are available in Landrum, SC?

Number of Homes For Sale

Jun 2022Jul 2022%
1416+14.3%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 00
0.0%
2 42
-50.0%
3 911
+22.2%
4 12
+100.0%
5+ 01
+100.0%

Number of Homes Sold

Jun 2022Jul 2022%
83-62.5%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Landrum, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
11 Days1 Days-85.1%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Landrum, SC

Homes for sale in Landrum, SC have reached 16. Between June 2022 and July 2022, Landrum, SC real estate market has seen increase in the number of listings by 14.3%. The median list price of listings available in July 2022 was $235,500, while the average time on the real estate market was 1 days. Listing prices have changed in this real estate market between June 2022 and July 2022: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 1.4% more expensive, the cost of 3 bedrooms properties went up by 16.1%, 4 bedrooms properties became 38.2% more expensive, the cost of 5 bedrooms properties went down by 41%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes went down by 50%, number of 3 bedrooms homes increased by 22.2%, 4 bedrooms homes inventory increased by 100%, 5 bedrooms homes inventory increased by 100%. Over 2 listings were sold over their listed price in July 2022 in Landrum, SC. In the same period over 1 listings were sold below the listed price and 0 listings were sold for the listed price.

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