Is West Union, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Union is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, West Union was a Seller's Market.

Key Takeaway

West Union is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in West Union, SC

How much do homes in West Union, SC cost?

Median Sold Price

$345,000

-

Based on all homes sold in April 2024.

Difference Since Last Month

+$6,000(+1.8%)

Key Takeaway

Homes in West Union have sold for 1.8% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $335.5K$365K
+8.8%
3 $490.1K$325K
-33.7%
4 $777.5K$327.5K
-57.9%
5+ --
N/A

Summary: West Union housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.8%, 3 bedroom homes decreased by 33.7%, 4 bedroom homes decreased by 57.9%, and 5+ bedroom homes did not change.

Housing Supply in West Union, SC

How many homes are available in West Union, SC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4549+8.9%

Summary: The West Union real estate market had 49 homes for sale in April 2024, a 8.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1922
+15.8%
3 911
+22.2%
4 1412
-14.3%
5+ 34
+33.3%

Summary: The West Union 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 increased by 15.8%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
94-55.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Union, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in West Union in April 2024, down by 55.6% month-over-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 West Union, SC

How long does it take to sell a home in West Union, SC?

Average Sale Time

Mar 2024Apr 2024CHANGE
41 Days238 Days+482.3%

Summary: Homes in West Union had an average of 238 days on market in Apr 2024, up by 482.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in West Union are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 4 homes were sold in West Union; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% 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 3 Days Ago

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