Is Travelers Rest, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Travelers Rest is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Travelers Rest has remained a Seller's Market.

Key Takeaway

Travelers Rest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Travelers Rest, SC

How much do homes in Travelers Rest, SC cost?

Median Sold Price

$415,000

$268/sqft

Based on all homes sold in August 2024.

Difference Since Last Month

-$223,116(-35.0%)

Key Takeaway

Homes in Travelers Rest have sold for 35% less than they did a month ago.

Summary: The median home sold price in Travelers Rest was $415,000 in August 2024, down 35% from last month, and the median price per square foot was $268.

Median Sold Price By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 -$140K
N/A
2 -$240K
N/A
3 $575K$305K
-47.0%
4 $612.2K$500K
-18.3%
5+ $895K$850K
-5.0%

Summary: Travelers Rest housing prices by bedroom type for August 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 47%, 4 bedroom homes decreased by 18.3%, and 5+ bedroom homes decreased by 5%.

Housing Supply in Travelers Rest, SC

How many homes are available in Travelers Rest, SC?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
120151+25.8%

Summary: The Travelers Rest real estate market had 151 homes for sale in August 2024, a 25.8% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 12
+100.0%
2 47
+75.0%
3 5274
+42.3%
4 5460
+11.1%
5+ 98
-11.1%

Summary: The Travelers Rest housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 42.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
2427+12.5%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Travelers Rest, you may be able to get a good deal. 57.7% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Travelers Rest in August 2024, up by 12.5% month-over-month. Of the 26 sold homes, 58% were sold under asking, 27% were sold at asking, and 15% were sold over asking.

Days on Market for Travelers Rest, SC

How long does it take to sell a home in Travelers Rest, SC?

Average Sale Time

Jul 2024Aug 2024CHANGE
57 Days46 Days-20.3%

Summary: Homes in Travelers Rest had an average of 46 days on market in Aug 2024, down by 20.3% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Travelers Rest has remained consistent over time.

Summary: During August 2024, 27 homes were sold in Travelers Rest; 0% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% 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 19 Days Ago

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