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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Loris is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Loris was a Buyer's Market.

Key Takeaway

Loris 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 Loris, SC

How much do homes in Loris, SC cost?

Median Sold Price

$290,250

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$15,340(+5.6%)

Key Takeaway

Homes in Loris have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Loris was $290,250 in April 2024, up 5.6% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $140K-
N/A
2 $187.5K$182.1K
-2.9%
3 $270K$287K
+6.3%
4 $315K$317.3K
+0.8%
5+ $475K$421.2K
-11.3%

Summary: Loris 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 2.9%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 11.3%.

Housing Supply in Loris, SC

How many homes are available in Loris, SC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
110115+4.5%

Summary: The Loris real estate market had 115 homes for sale in April 2024, a 4.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 87
-12.5%
3 6470
+9.4%
4 3131
0.0%
5+ 66
0.0%

Summary: The Loris 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 12.5%, 3 bedroom homes increased by 9.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1317+30.8%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Loris, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Loris in April 2024, up by 30.8% month-over-month. Of the 17 sold homes, 71% were sold under asking, 12% were sold at asking, and 18% were sold over asking.

Days on Market for Loris, SC

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

Average Sale Time

Apr 2023Apr 2024CHANGE
181 Days157 Days-13.3%

Summary: Homes in Loris had an average of 157 days on market in Apr 2024, down by 13.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Loris are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 17 homes were sold in Loris; 0% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 71% 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 13 Days Ago

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