Is Park West, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Park West has remained a Seller's Market.
Key Takeaway
Park West is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Park West, SC
How much do homes in Park West, SC cost?
Median Sold Price
$602,500
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Park West have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in Park West was $602,500 in March 2024, up 11.2% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255.5K | $299.5K | +17.2% |
| 2 Bedrooms | $338.4K | $375K | +10.8% |
| 3 Bedrooms | $489.5K | $543K | +10.9% |
| 4 Bedrooms | $620K | $713K | +15.0% |
| 5+ Bedrooms | $1.1M | $1.4M | +21.4% |
Summary: Park West housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.2%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 21.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Park West | $541.7K | $602.5K | +11.2% |
| Dunes West | $647.5K | $682.2K | +5.4% |
Housing Supply in Park West, SC
How many homes are available in Park West, SC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 46 | 45 | -2.2% |
Summary: The Park West real estate market had 45 homes for sale in March 2024, a 2.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Park West housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Park West, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Park West in March 2024, down by 20.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 42% were sold at asking, and 17% were sold over asking.
Days on Market for Park West, SC
We’re sorry, we don't have information for this market at the moment
