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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pacolet is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Pacolet was a Seller's Market.

Key Takeaway

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

Housing Prices in Pacolet, SC

How much do homes in Pacolet, SC cost?

Median Sold Price

$176,000

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$10,492(+6.3%)

Key Takeaway

Homes in Pacolet have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in Pacolet was $176,000 in February 2024, up 6.3% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$30K
N/A
2 $154.2K$138.5K
-10.2%
3 $153.5K$190.2K
+23.9%
4 $290K$433K
+49.3%
5+ $174.9K$213.5K
+22.0%

Summary: Pacolet 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 10.2%, 3 bedroom homes increased by 23.9%, 4 bedroom homes increased by 49.3%, and 5+ bedroom homes increased by 22%.

Median Sold Price Compared To Nearby Cities

Pacolet
+6.3%
Pacolet
+6.3%

Housing Supply in Pacolet, SC

How many homes are available in Pacolet, SC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1615-6.3%

Summary: The Pacolet real estate market had 15 homes for sale in February 2024, a 6.3% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 10
-100.0%
2 76
-14.3%
3 89
+12.5%
4 00
0.0%
5+ 00
0.0%

Summary: The Pacolet housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pacolet, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Pacolet in February 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Pacolet, SC

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

Average Sale Time

Feb 2023Feb 2024CHANGE
55 Days114 Days+106.5%

Summary: Homes in Pacolet had an average of 114 days on market in Feb 2024, up by 106.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were 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

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

Summary: During February 2024, 2 homes were sold in Pacolet; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 28 Days Ago

Newest Listings in Pacolet, SC

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