Is Simpsonville, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Simpsonville has remained a Seller's Market.
Key Takeaway
Simpsonville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Simpsonville, SC
How much do homes in Simpsonville, SC cost?
Median Sold Price
$353,421
$167/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Simpsonville have sold for 2% less than they did a month ago.
Summary: The median home sold price in Simpsonville was $353,421 in March 2024, down 2% from last month, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $733.5K | $264.9K | -63.9% |
| 3 Bedrooms | $295K | $305K | +3.4% |
| 4 Bedrooms | $390K | $370K | -5.1% |
| 5+ Bedrooms | $447.5K | $507.5K | +13.4% |
Summary: Simpsonville housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 63.9%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes increased by 13.4%.
Housing Supply in Simpsonville, SC
How many homes are available in Simpsonville, SC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 490 | 577 | +17.8% |
Summary: The Simpsonville real estate market had 577 homes for sale in March 2024, a 17.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 202 | 239 | +18.3% |
| 4 Bedrooms | 183 | 227 | +24.0% |
| 5+ Bedrooms | 86 | 92 | +7.0% |
Summary: The Simpsonville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 24%, and 5+ bedroom homes increased by 7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 111 | 130 | +17.1% |
Asking Price vs. Sold Price
66 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Simpsonville, you may be able to get a good deal. 53.2% of homes here sold below asking price last month.
Summary: A total of 130 homes were sold or pending in Simpsonville in March 2024, up by 17.1% month-over-month. Of the 124 sold homes, 53% were sold under asking, 26% were sold at asking, and 21% were sold over asking.
Days on Market for Simpsonville, SC
How long does it take to sell a home in Simpsonville, SC?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 43 Days | 28 Days | -34.6% |
Summary: Homes in Simpsonville had an average of 28 days on market in Mar 2024, down by 34.6% compared to last month.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Simpsonville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 130 homes were sold in Simpsonville; 8% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
