Is Inman, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Inman is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Inman has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Inman, SC

How much do homes in Inman, SC cost?

Median Sold Price

$299,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$49,450(+19.8%)

Key Takeaway

Homes in Inman have sold for 19.8% more than they did a year ago.

Summary: The median home sold price in Inman was $299,000 in April 2024, up 19.8% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$144K
N/A
2 $147.5K$196.5K
+33.2%
3 $240.4K$279.5K
+16.3%
4 $325K$350K
+7.7%
5+ $409.9K$442K
+7.8%

Summary: Inman 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 33.2%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 7.8%.

Housing Supply in Inman, SC

How many homes are available in Inman, SC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
196229+16.8%

Summary: The Inman real estate market had 229 homes for sale in April 2024, a 16.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 128
-33.3%
3 113125
+10.6%
4 4863
+31.3%
5+ 2333
+43.5%

Summary: The Inman 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 decreased by 33.3%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes increased by 43.5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
5143-15.7%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Inman, you may be able to get a good deal. 57.5% of homes here sold below asking price last month.

Summary: A total of 43 homes were sold or pending in Inman in April 2024, down by 15.7% month-over-month. Of the 40 sold homes, 57% were sold under asking, 33% were sold at asking, and 10% were sold over asking.

Days on Market for Inman, SC

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

Average Sale Time

Apr 2023Apr 2024CHANGE
26 Days34 Days+31.7%

Summary: Homes in Inman had an average of 34 days on market in Apr 2024, up by 31.7% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Inman are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 43 homes were sold in Inman; 37% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 5% 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 17 Days Ago

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