Is Wellford, 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, Wellford was a Buyer's Market.
Key Takeaway
Wellford is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Wellford, SC
How much do homes in Wellford, SC cost?
Median Sold Price
$270,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wellford have sold for 19.5% more than they did a year ago.
Summary: The median home sold price in Wellford was $270,000 in April 2024, up 19.5% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $173.9K | $145.5K | -16.3% |
| 3 Bedrooms | $226K | $270K | +19.5% |
| 4 Bedrooms | $309.9K | $319.5K | +3.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Wellford 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 decreased by 16.3%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Wellford | $226K | $270K | +19.5% |
| Lyman | $285.9K | $305.3K | +6.8% |
| Fairmont Mills | $300K | $295.8K | -1.4% |
Housing Supply in Wellford, SC
How many homes are available in Wellford, SC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 44 | -12.0% |
Summary: The Wellford real estate market had 44 homes for sale in April 2024, a 12.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 35 | 28 | -20.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Wellford 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 decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wellford, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Wellford in April 2024, down by 12.5% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for Wellford, SC
How long does it take to sell a home in Wellford, SC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 7 Days | 25 Days | +230.4% |
Summary: Homes in Wellford had an average of 25 days on market in Apr 2024, up by 230.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wellford are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Wellford; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
