Is Gaffney, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Gaffney has remained a Seller's Market.
Housing Prices in Gaffney, SC
How much do homes in Gaffney, SC cost?
Median Sold Price
$219,990
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gaffney was $219,990 in April 2024, up 29.4% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $88.5K | $134.5K | +52.0% |
3 Bedrooms | $178.4K | $218K | +22.2% |
4 Bedrooms | $252.5K | $247.9K | -1.8% |
5+ Bedrooms | $257.5K | $355K | +37.9% |
Summary: Gaffney 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 increased by 52%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 37.9%.
Housing Supply in Gaffney, SC
How many homes are available in Gaffney, SC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
153 | 168 | +9.8% |
Summary: The Gaffney real estate market had 168 homes for sale in April 2024, a 9.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 18 | 18 | 0.0% |
3 Bedrooms | 96 | 108 | +12.5% |
4 Bedrooms | 34 | 36 | +5.9% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Gaffney 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 12.5%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 38 | +100.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Gaffney in April 2024, up by 100.0% month-over-month. Of the 33 sold homes, 39% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for Gaffney, SC
How long does it take to sell a home in Gaffney, SC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 36 Days | -6.2% |
Summary: Homes in Gaffney had an average of 36 days on market in Apr 2024, down by 6.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 38 homes were sold in Gaffney; 47% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.