Is Loris, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Loris has remained a Buyer's Market.
Housing Prices in Loris, SC
How much do homes in Loris, SC cost?
Median Sold Price
$288,500
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Loris was $288,500 in February 2024, up 6.9% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | - | N/A |
2 Bedrooms | $187.5K | $128.8K | -31.3% |
3 Bedrooms | $267K | $281.5K | +5.4% |
4 Bedrooms | $310K | $315.8K | +1.9% |
5+ Bedrooms | $620K | $370.6K | -40.2% |
Summary: Loris housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 31.3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 40.2%.
Housing Supply in Loris, SC
How many homes are available in Loris, SC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
110 | 116 | +5.5% |
Summary: The Loris real estate market had 116 homes for sale in February 2024, a 5.5% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 69 | 68 | -1.4% |
4 Bedrooms | 31 | 34 | +9.7% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Loris housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
9 | 15 | +66.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Loris in February 2024, up by 66.7% month-over-month. Of the 15 sold homes, 60% were sold under asking, 33% were sold at asking, and 7% were sold over asking.
Days on Market for Loris, SC
How long does it take to sell a home in Loris, SC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
154 Days | 183 Days | +18.7% |
Summary: Homes in Loris had an average of 183 days on market in Feb 2024, up by 18.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During February 2024, 15 homes were sold in Loris; 0% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 87% of homes were sold over 90 days.