Is Wellford, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Wellford has remained a Seller's Market.
Key Takeaway
Wellford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wellford, SC
How much do homes in Wellford, SC cost?
Median Sold Price
$273,500
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wellford have sold for 21% more than they did a year ago.
Summary: The median home sold price in Wellford was $273,500 in March 2024, up 21% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $173.9K | $145.5K | -16.3% |
| 3 Bedrooms | $226K | $270K | +19.5% |
| 4 Bedrooms | $280K | $342K | +22.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Wellford housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.3%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Wellford | $226K | $273.5K | +21.0% |
| Lyman | $294.6K | $298.9K | +1.5% |
| Fairmont Mills | $310K | $295K | -4.8% |
Housing Supply in Wellford, SC
How many homes are available in Wellford, SC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 45 | 48 | +6.7% |
Summary: The Wellford real estate market had 48 homes for sale in March 2024, a 6.7% 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 32 | 34 | +6.3% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Wellford 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 decreased by 100%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wellford, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Wellford in March 2024, up by 42.9% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Wellford, SC
How long does it take to sell a home in Wellford, SC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 14 Days | 2 Days | -85.2% |
Summary: Homes in Wellford had an average of 2 days on market in Mar 2024, down by 85.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wellford are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Wellford; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
