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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Longs is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Longs has remained a Buyer's Market.

Key Takeaway

Longs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Longs, SC

How much do homes in Longs, SC cost?

Median Sold Price

$295,000

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$10,033(+3.5%)

Key Takeaway

Homes in Longs have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in Longs was $295,000 in February 2024, up 3.5% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $122.9K$126.9K
+3.3%
2 $175K$175K
0.0%
3 $285K$285K
0.0%
4 $326K$364K
+11.7%
5+ $342.5K$380K
+10.9%

Summary: Longs housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 10.9%.

Median Sold Price Compared To Nearby Cities

Shallotte Township
+5.1%
Longs
+3.5%
Little River
+2.6%
Conway East
-0.4%

Housing Supply in Longs, SC

How many homes are available in Longs, SC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
201232+15.4%

Summary: The Longs real estate market had 232 homes for sale in February 2024, a 15.4% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 33
0.0%
2 2628
+7.7%
3 119146
+22.7%
4 4749
+4.3%
5+ 66
0.0%

Summary: The Longs housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2120-4.8%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Longs, you may be able to get a good deal. 84.2% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Longs in February 2024, down by 4.8% month-over-month. Of the 19 sold homes, 84% were sold under asking, 16% were sold at asking, and 0% were sold over asking.

Days on Market for Longs, SC

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

Average Sale Time

Feb 2023Feb 2024CHANGE
109 Days116 Days+6.0%

Summary: Homes in Longs had an average of 116 days on market in Feb 2024, up by 6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Longs has remained consistent over time.

Summary: During February 2024, 20 homes were sold in Longs; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 45% 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 27 Days Ago

Newest Listings in Longs, SC

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