Is Sumter, 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, Sumter has remained a Buyer's Market.
Housing Prices in Sumter, SC
How much do homes in Sumter, SC cost?
Median Sold Price
$42,000
$39/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Sumter was $42,000 in March 2024, down 80.5% from last month, and the median price per square foot was $39.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $41K | N/A |
3 Bedrooms | $148K | $116K | -21.6% |
4 Bedrooms | $430K | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Sumter 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 did not change, 3 bedroom homes decreased by 21.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Sumter, SC
How many homes are available in Sumter, SC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
90 | 99 | +10.0% |
Summary: The Sumter real estate market had 99 homes for sale in March 2024, a 10.0% 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 | 7 | 9 | +28.6% |
3 Bedrooms | 41 | 41 | 0.0% |
4 Bedrooms | 20 | 24 | +20.0% |
5+ Bedrooms | 22 | 25 | +13.6% |
Summary: The Sumter 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 increased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 13.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 4 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Sumter in March 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Sumter, SC
How long does it take to sell a home in Sumter, SC?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
138 Days | 135 Days | -1.7% |
Summary: Homes in Sumter had an average of 135 days on market in Mar 2024, down by 1.7% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Sumter; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.