Is Piedmont, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Piedmont was a Buyer's Market.
Key Takeaway
Piedmont is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Piedmont, SC
How much do homes in Piedmont, SC cost?
Median Sold Price
$316,648
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Piedmont have sold for 9% more than they did a year ago.
Summary: The median home sold price in Piedmont was $316,648 in March 2024, up 9% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $650K | $700K | +7.7% |
| 2 Bedrooms | $160K | $183K | +14.4% |
| 3 Bedrooms | $280K | $290.7K | +3.8% |
| 4 Bedrooms | $294.8K | $349.5K | +18.5% |
| 5+ Bedrooms | $336.4K | $449.9K | +33.7% |
Summary: Piedmont housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 33.7%.
Median Sold Price Compared To Nearby Cities
| Pelzer | $237K | $277K | +16.9% |
| Powdersville-Piedmont | $360K | $398K | +10.6% |
| Piedmont | $290.5K | $316.6K | +9.0% |
| Williamston-Pelzer | $275K | $284.9K | +3.6% |
| Woodville | $427.9K | $405K | -5.4% |
Housing Supply in Piedmont, SC
How many homes are available in Piedmont, SC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 266 | 276 | +3.8% |
Summary: The Piedmont real estate market had 276 homes for sale in March 2024, a 3.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 129 | 137 | +6.2% |
| 4 Bedrooms | 90 | 102 | +13.3% |
| 5+ Bedrooms | 37 | 28 | -24.3% |
Summary: The Piedmont housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 24.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 64 | 67 | +4.7% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Piedmont, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 67 homes were sold or pending in Piedmont in March 2024, up by 4.7% month-over-month. Of the 62 sold homes, 50% were sold under asking, 37% were sold at asking, and 13% were sold over asking.
Days on Market for Piedmont, SC
How long does it take to sell a home in Piedmont, SC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 70 Days | 41 Days | -40.8% |
Summary: Homes in Piedmont had an average of 41 days on market in Mar 2024, down by 40.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Piedmont are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 67 homes were sold in Piedmont; 10% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
