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 January 2022

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

$360,000

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$13,750(+4.0%)

Key Takeaway

Homes in Landrum have sold for 4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $320K-
N/A
2 $185K$195K
+5.4%
3 $342.2K$339K
-0.9%
4 $700K$832.5K
+18.9%
5+ $710K$1.2M
+77.5%

Median Sold Price Compared To Nearby Cities

Highland
+25.7%
Tryon Township
+25.2%
Landrum
+11.6%
Landrum
+4.0%
Tryon
0.2%

How many homes are available in Landrum, SC?

Number of Homes For Sale

Dec 2022Jan 2023%
6167+9.8%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 01
+100.0%
2 64
-33.3%
3 2431
+29.2%
4 2020
0.0%
5+ 1111
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
914+55.6%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 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. 64.3% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
2 Days51 Days+1686.2%

Breakdown of Home Sale Times

2 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

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

Number of homes for sale in Landrum, SC real estate market have reached 67. The inventory of homes for sale in Landrum, SC between December 2022 and January 2023 increased by 9.8%. While the average time on the market in January 2023 was 51 days, the median list price was $360,000. Between December 2022 and January 2023, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went up by 5.4%, 3 bedrooms properties prices decreased by 0.9%, the cost of 4 bedrooms properties went up by 18.9%, the cost of 5 bedrooms properties went up by 77.5%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes went up by 100%, 2 bedrooms homes became 33.3% less available, the quantity of 3 bedrooms homes went up by 29.2%, volume of 4 bedrooms homes stayed the same, 5 bedrooms homes inventory did not change. In January 2023 more than 4 listings in Landrum, SC were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 9 were sold below.

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