Is The Verandas by the Sea, 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 Verandas by the Sea was a Seller's Market.
Key Takeaway
The Verandas by the Sea is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in The Verandas by the Sea, SC
How much do homes in The Verandas by the Sea, SC cost?
Median Sold Price
$287,500
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in The Verandas by the Sea have sold for 24.3% less than they did a year ago.
Summary: The median home sold price in The Verandas by the Sea was $287,500 in April 2024, down 24.3% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $269.9K | -1.8% |
| 2 Bedrooms | $380K | $358K | -5.8% |
| 3 Bedrooms | $592.5K | $537.5K | -9.3% |
| 4 Bedrooms | $580K | $510K | -12.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: The Verandas by the Sea housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes did not change.
Housing Supply in The Verandas by the Sea, SC
How many homes are available in The Verandas by the Sea, SC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The The Verandas by the Sea real estate market had 11 homes for sale in April 2024, a 8.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The The Verandas by the Sea housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Verandas by the Sea, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in The Verandas by the Sea in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for The Verandas by the Sea, SC
How long does it take to sell a home in The Verandas by the Sea, SC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 91 Days | 133 Days | +45.4% |
Summary: Homes in The Verandas by the Sea had an average of 133 days on market in Apr 2024, up by 45.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in The Verandas by the Sea are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 1 homes were sold in The Verandas by the Sea; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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