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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mayo is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Mayo, SC

How much do homes in Mayo, SC cost?

Median Sold Price

$287,800

$153/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$38,711(+15.5%)

Key Takeaway

Homes in Mayo have sold for 15.5% more than they did a month ago.

Summary: The median home sold price in Mayo was $287,800 in April 2024, up 15.5% from last month, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 -$140K
N/A
3 $249K$303.9K
+22.0%
4 -$625K
N/A
5+ --
N/A

Summary: Mayo 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 did not change, 3 bedroom homes increased by 22%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Mayo, SC

How many homes are available in Mayo, SC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1820+11.1%

Summary: The Mayo real estate market had 20 homes for sale in April 2024, a 11.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 12
+100.0%
2 25
+150.0%
3 1311
-15.4%
4 22
0.0%
5+ 00
0.0%

Summary: The Mayo housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 150%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
550.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mayo, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Mayo in April 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for Mayo, SC

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

Average Sale Time

Mar 2024Apr 2024CHANGE
74 Days96 Days+30.3%

Summary: Homes in Mayo had an average of 96 days on market in Apr 2024, up by 30.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 5 homes were sold in Mayo; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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

Newest Listings in Mayo, SC

Nearby Markets to Mayo, SC

What housing markets are near Mayo, SC?