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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Landrum is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Landrum, SC

How much do homes in Landrum, SC cost?

Median Sold Price

$425,500

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$65,500(+18.2%)

Key Takeaway

Homes in Landrum have sold for 18.2% more than they did a year ago.

Summary: The median home sold price in Landrum was $425,500 in May 2024, up 18.2% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $295K$269.2K
-8.7%
2 $226K$237.5K
+5.1%
3 $358.4K$359.5K
0.3%
4 $415K$926.5K
+123.3%
5+ $690K$890K
+29.0%

Summary: Landrum housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.7%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 123.3%, and 5+ bedroom homes increased by 29%.

Median Sold Price Compared To Nearby Cities

Landrum
+22.9%
Landrum
+18.2%
Campobello
-4.7%

Housing Supply in Landrum, SC

How many homes are available in Landrum, SC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
8498+16.7%

Summary: The Landrum real estate market had 98 homes for sale in May 2024, a 16.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 109
-10.0%
3 2636
+38.5%
4 2735
+29.6%
5+ 1916
-15.8%

Summary: The Landrum housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 38.5%, 4 bedroom homes increased by 29.6%, and 5+ bedroom homes decreased by 15.8%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1319+46.2%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Landrum, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Landrum in May 2024, up by 46.2% month-over-month. Of the 18 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for Landrum, SC

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

Average Sale Time

May 2023May 2024CHANGE
21 Days20 Days-6.2%

Summary: Homes in Landrum had an average of 20 days on market in May 2024, down by 6.2% compared to last year.

Breakdown of Home Sale Times

10 Homes Were 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 Landrum are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 19 homes were sold in Landrum; 53% of homes were sold within 30 days, 5% 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 2 Days Ago

Newest Listings in Landrum, SC

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