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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pacolet is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Pacolet, SC

How much do homes in Pacolet, SC cost?

Median Sold Price

$190,700

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$15,900(+9.1%)

Key Takeaway

Homes in Pacolet have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in Pacolet was $190,700 in September 2024, up 9.1% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$30K
N/A
2 $137.5K$180.3K
+31.2%
3 $192K$192.6K
0.3%
4 $225.5K$316K
+40.1%
5+ $175K-
N/A

Summary: Pacolet housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 31.2%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 40.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Pacolet
+9.3%
Pacolet
+9.1%

Housing Supply in Pacolet, SC

How many homes are available in Pacolet, SC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2528+12.0%

Summary: The Pacolet real estate market had 28 homes for sale in September 2024, a 12.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 01
+100.0%
2 76
-14.3%
3 1618
+12.5%
4 11
0.0%
5+ 12
+100.0%

Summary: The Pacolet housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased 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 increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pacolet, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Pacolet in September 2024, up by 200.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 75% were sold at asking, and 25% 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

Sep 2023Sep 2024CHANGE
37 Days27 Days-26.2%

Summary: Homes in Pacolet had an average of 27 days on market in Sep 2024, down by 26.2% compared to last year.

Breakdown of Home Sale Times

4 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

Many homes in Pacolet are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 6 homes were sold in Pacolet; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% 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 Sep 1, 2024

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