Is Landrum, 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, Landrum was a Neutral Market.
Housing Prices in Landrum, SC
How much do homes in Landrum, SC cost?
Median Sold Price
$430,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Landrum was $430,000 in April 2024, up 24.3% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $295K | $269.2K | -8.7% |
2 Bedrooms | $200K | $360K | +80.0% |
3 Bedrooms | $341.7K | $369.9K | +8.3% |
4 Bedrooms | $535K | $660K | +23.4% |
5+ Bedrooms | $704K | $890K | +26.4% |
Summary: Landrum housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.7%, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 23.4%, and 5+ bedroom homes increased by 26.4%.
Median Sold Price Compared To Nearby Cities
Landrum | $295K | $425K | +44.1% |
Landrum | $346K | $430K | +24.3% |
Tryon | $345K | $409K | +18.6% |
Tryon Township | $364K | $413K | +13.5% |
Highland | $440K | $382.3K | -13.1% |
Housing Supply in Landrum, SC
How many homes are available in Landrum, SC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
95 | 103 | +8.4% |
Summary: The Landrum real estate market had 103 homes for sale in April 2024, a 8.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 12 | 16 | +33.3% |
3 Bedrooms | 32 | 33 | +3.1% |
4 Bedrooms | 33 | 33 | 0.0% |
5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The Landrum 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 increased by 33.3%, 3 bedroom homes increased by 3.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 13 | -7.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Landrum in April 2024, down by 7.1% month-over-month. Of the 13 sold homes, 69% were sold under asking, 15% were sold at asking, and 15% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
96 Days | 92 Days | -4.6% |
Summary: Homes in Landrum had an average of 92 days on market in Apr 2024, down by 4.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Landrum; 15% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.