Is The Lakes, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, The Lakes was a Buyer's Market.
Housing Prices in The Lakes, SC
How much do homes in The Lakes, SC cost?
Median Sold Price
$332,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in The Lakes was $332,000 in April 2024, down 22.1% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $401.8K | $296K | -26.3% |
4 Bedrooms | $427.5K | $332K | -22.4% |
5+ Bedrooms | $494.5K | $465K | -6.0% |
Summary: The Lakes housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 26.3%, 4 bedroom homes decreased by 22.4%, and 5+ bedroom homes decreased by 6%.
Housing Supply in The Lakes, SC
How many homes are available in The Lakes, SC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 20 | 0.0% |
Summary: The The Lakes real estate market had 20 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 3 | 4 | +33.3% |
4 Bedrooms | 14 | 12 | -14.3% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The The Lakes housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in The Lakes in April 2024, the same as the previous month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for The Lakes, SC
How long does it take to sell a home in The Lakes, SC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
133 Days | 138 Days | +4.1% |
Summary: Homes in The Lakes had an average of 138 days on market in Apr 2024, up by 4.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in The Lakes; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.