Is Mayo, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 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
$245,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mayo have sold for 2% less than they did a year ago.
Summary: The median home sold price in Mayo was $245,000 in May 2024, down 2% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | - | N/A |
| 2 Bedrooms | $119K | $140K | +17.6% |
| 3 Bedrooms | $252.5K | $244.9K | -3.0% |
| 4 Bedrooms | $287.4K | $323.5K | +12.5% |
| 5+ Bedrooms | $481K | - | N/A |
Summary: Mayo housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.6%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Chesnee | $278.5K | $302.9K | +8.8% |
| Boiling Springs | $283.9K | $295.4K | +4.0% |
| Macedonia | $264.9K | $265.3K | 0.2% |
| Mayo | $250K | $245K | -2.0% |
| Cowpens | $244.9K | $239.9K | -2.0% |
Housing Supply in Mayo, SC
How many homes are available in Mayo, SC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 21 | -12.5% |
Summary: The Mayo real estate market had 21 homes for sale in May 2024, a 12.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mayo 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 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mayo, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Mayo in May 2024, up by 66.7% month-over-month. Of the 8 sold homes, 38% were sold under asking, 63% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 45 Days | 58 Days | +29.4% |
Summary: Homes in Mayo had an average of 58 days on market in May 2024, up by 29.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mayo are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Mayo; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
