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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Laurens is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Laurens, SC

How much do homes in Laurens, SC cost?

Median Sold Price

$214,500

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$7,500(-3.4%)

Key Takeaway

Homes in Laurens have sold for 3.4% less than they did a year ago.

Summary: The median home sold price in Laurens was $214,500 in March 2024, down 3.4% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $145K$160K
+10.3%
3 $232.5K$197.2K
-15.2%
4 $244.9K$299.8K
+22.4%
5+ $280K$304K
+8.6%

Summary: Laurens 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 10.3%, 3 bedroom homes decreased by 15.2%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes increased by 8.6%.

Housing Supply in Laurens, SC

How many homes are available in Laurens, SC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6068+13.3%

Summary: The Laurens real estate market had 68 homes for sale in March 2024, a 13.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 23
+50.0%
2 79
+28.6%
3 4243
+2.4%
4 79
+28.6%
5+ 24
+100.0%

Summary: The Laurens housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1115+36.4%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Laurens, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Laurens in March 2024, up by 36.4% month-over-month. Of the 12 sold homes, 42% were sold under asking, 42% were sold at asking, and 17% were sold over asking.

Days on Market for Laurens, SC

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

Average Sale Time

Mar 2023Mar 2024CHANGE
60 Days68 Days+14.2%

Summary: Homes in Laurens had an average of 68 days on market in Mar 2024, up by 14.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 15 homes were sold in Laurens; 7% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 7% 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 18 Days Ago

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