Is Powdersville-Piedmont, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Powdersville-Piedmont is a seller's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Powdersville-Piedmont was a Buyer's Market.

Key Takeaway

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

Housing Prices in Powdersville-Piedmont, SC

How much do homes in Powdersville-Piedmont, SC cost?

Median Sold Price

$398,000

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$38,000(+10.6%)

Key Takeaway

Homes in Powdersville-Piedmont have sold for 10.6% more than they did a year ago.

Summary: The median home sold price in Powdersville-Piedmont was $398,000 in March 2024, up 10.6% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $650K$700K
+7.7%
2 $195K$183K
-6.2%
3 $315K$300K
-4.8%
4 $370K$462.7K
+25.1%
5+ $497K$508.3K
+2.3%

Summary: Powdersville-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 decreased by 6.2%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 25.1%, and 5+ bedroom homes increased by 2.3%.

Median Sold Price Compared To Nearby Cities

Pelzer
+16.9%
Easley
+14.7%
Powdersville-Piedmont
+10.6%
Piedmont
+9.0%
Williamston-Pelzer
+3.6%

Housing Supply in Powdersville-Piedmont, SC

How many homes are available in Powdersville-Piedmont, SC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
169178+5.3%

Summary: The Powdersville-Piedmont real estate market had 178 homes for sale in March 2024, a 5.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 7387
+19.2%
4 5457
+5.6%
5+ 3629
-19.4%

Summary: The Powdersville-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 16.7%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 19.4%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
4342-2.3%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Powdersville-Piedmont, you may be able to get a good deal. 56.4% of homes here sold below asking price last month.

Summary: A total of 42 homes were sold or pending in Powdersville-Piedmont in March 2024, down by 2.3% month-over-month. Of the 39 sold homes, 56% were sold under asking, 33% were sold at asking, and 10% were sold over asking.

Days on Market for Powdersville-Piedmont, SC

How long does it take to sell a home in Powdersville-Piedmont, SC?

Average Sale Time

Mar 2023Mar 2024CHANGE
62 Days56 Days-8.9%

Summary: Homes in Powdersville-Piedmont had an average of 56 days on market in Mar 2024, down by 8.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 42 homes were sold in Powdersville-Piedmont; 10% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 7% 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 24 Days Ago

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