Is Loris, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Loris was a Buyer's Market.
Key Takeaway
Loris is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Loris, SC
How much do homes in Loris, SC cost?
Median Sold Price
$290,250
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Loris have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Loris was $290,250 in April 2024, up 5.6% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | - | N/A |
| 2 Bedrooms | $187.5K | $182.1K | -2.9% |
| 3 Bedrooms | $270K | $287K | +6.3% |
| 4 Bedrooms | $315K | $317.3K | +0.8% |
| 5+ Bedrooms | $475K | $421.2K | -11.3% |
Summary: Loris housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 11.3%.
Housing Supply in Loris, SC
How many homes are available in Loris, SC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 110 | 115 | +4.5% |
Summary: The Loris real estate market had 115 homes for sale in April 2024, a 4.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 64 | 70 | +9.4% |
| 4 Bedrooms | 31 | 31 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Loris housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 9.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Loris, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Loris in April 2024, up by 30.8% month-over-month. Of the 17 sold homes, 71% were sold under asking, 12% were sold at asking, and 18% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 181 Days | 157 Days | -13.3% |
Summary: Homes in Loris had an average of 157 days on market in Apr 2024, down by 13.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Loris are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 17 homes were sold in Loris; 0% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 71% of homes were sold over 90 days.
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