Is Piedmont, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Piedmont was a Buyer's Market.
Key Takeaway
Piedmont is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Piedmont, SC
How much do homes in Piedmont, SC cost?
Median Sold Price
$315,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Piedmont have sold for 5% more than they did a year ago.
Summary: The median home sold price in Piedmont was $315,000 in April 2024, up 5% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $650K | $700K | +7.7% |
| 2 Bedrooms | $183K | $197.5K | +7.9% |
| 3 Bedrooms | $285K | $290K | +1.8% |
| 4 Bedrooms | $302.5K | $349.5K | +15.5% |
| 5+ Bedrooms | $360K | $449.9K | +25.0% |
Summary: Piedmont housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
| Powdersville-Piedmont | $360K | $397.2K | +10.3% |
| Piedmont | $300K | $315K | +5.0% |
| Pelzer | $271.5K | $279.8K | +3.1% |
| Williamston-Pelzer | $280K | $285.9K | +2.1% |
| Woodville | $407.5K | $410K | +0.6% |
Housing Supply in Piedmont, SC
How many homes are available in Piedmont, SC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 268 | 266 | -0.7% |
Summary: The Piedmont real estate market had 266 homes for sale in April 2024, a 0.7% decrease 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 | 9 | 5 | -44.4% |
| 3 Bedrooms | 134 | 134 | 0.0% |
| 4 Bedrooms | 94 | 98 | +4.3% |
| 5+ Bedrooms | 31 | 29 | -6.5% |
Summary: The Piedmont 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 44.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 6.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 64 | 68 | +6.3% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Piedmont, you may be able to get a good deal. 39.3% of homes here sold below asking price last month.
Summary: A total of 68 homes were sold or pending in Piedmont in April 2024, up by 6.3% month-over-month. Of the 61 sold homes, 39% were sold under asking, 33% were sold at asking, and 28% were sold over asking.
Days on Market for Piedmont, SC
How long does it take to sell a home in Piedmont, SC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 20 Days | 57 Days | +181.8% |
Summary: Homes in Piedmont had an average of 57 days on market in Apr 2024, up by 181.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Piedmont are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 68 homes were sold in Piedmont; 7% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
