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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Longs is a seller's market

Buyer's
Market

Difference Since August 2023

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

Key Takeaway

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

Housing Prices in Longs, SC

How much do homes in Longs, SC cost?

Median Sold Price

$301,483

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$4,216(+1.4%)

Key Takeaway

Homes in Longs have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Longs was $301,483 in August 2024, up 1.4% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $122.9K$130K
+5.7%
2 $175K$180K
+2.9%
3 $295K$295K
0.0%
4 $332K$367K
+10.5%
5+ $372K$409.2K
+10.0%

Summary: Longs housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 2.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 10%.

Median Sold Price Compared To Nearby Cities

Little River
+2.7%
Longs
+1.4%
Shallotte Township
+0.6%
Conway East
-2.2%

Housing Supply in Longs, SC

How many homes are available in Longs, SC?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
274267-2.6%

Summary: The Longs real estate market had 267 homes for sale in August 2024, a 2.6% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 33
0.0%
2 2323
0.0%
3 179173
-3.4%
4 6057
-5.0%
5+ 911
+22.2%

Summary: The Longs housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
4547+4.4%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

7 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. 66% of homes here sold below asking price last month.

Summary: A total of 47 homes were sold or pending in Longs in August 2024, up by 4.4% month-over-month. Of the 47 sold homes, 66% were sold under asking, 19% were sold at asking, and 15% 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

Aug 2023Aug 2024CHANGE
124 Days129 Days+3.9%

Summary: Homes in Longs had an average of 129 days on market in Aug 2024, up by 3.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

28 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Longs are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During August 2024, 47 homes were sold in Longs; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 60% 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 8 Days Ago

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