Is Simpsonville, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Simpsonville has remained a Seller's Market.
Key Takeaway
Simpsonville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Simpsonville, SC
How much do homes in Simpsonville, SC cost?
Median Sold Price
$375,500
$177/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Simpsonville have sold for 6.2% more than they did a month ago.
Summary: The median home sold price in Simpsonville was $375,500 in April 2024, up 6.2% from last month, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $249.8K | $210K | -15.9% |
| 3 Bedrooms | $302.5K | $308K | +1.8% |
| 4 Bedrooms | $379.5K | $416.7K | +9.8% |
| 5+ Bedrooms | $500K | $506K | +1.2% |
Summary: Simpsonville 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 decreased by 15.9%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 1.2%.
Housing Supply in Simpsonville, SC
How many homes are available in Simpsonville, SC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 535 | 595 | +11.2% |
Summary: The Simpsonville real estate market had 595 homes for sale in April 2024, a 11.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 225 | 234 | +4.0% |
| 4 Bedrooms | 208 | 254 | +22.1% |
| 5+ Bedrooms | 83 | 88 | +6.0% |
Summary: The Simpsonville 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 4%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes increased by 6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 130 | 144 | +10.8% |
Asking Price vs. Sold Price
67 Homes Were Sold
Under Asking
39 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Simpsonville, you may be able to get a good deal. 47.9% of homes here sold below asking price last month.
Summary: A total of 144 homes were sold or pending in Simpsonville in April 2024, up by 10.8% month-over-month. Of the 140 sold homes, 48% were sold under asking, 28% were sold at asking, and 24% were sold over asking.
Days on Market for Simpsonville, SC
How long does it take to sell a home in Simpsonville, SC?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 Days | 42 Days | +41.3% |
Summary: Homes in Simpsonville had an average of 42 days on market in Apr 2024, up by 41.3% compared to last month.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Simpsonville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 144 homes were sold in Simpsonville; 6% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
