Is Chesnee, 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, Chesnee has remained a Seller's Market.
Key Takeaway
Chesnee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chesnee, SC
How much do homes in Chesnee, SC cost?
Median Sold Price
$302,966
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Chesnee have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Chesnee was $302,966 in May 2024, up 8.8% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $173.5K | $392.2K | +126.1% |
| 3 Bedrooms | $271.5K | $261.1K | -3.8% |
| 4 Bedrooms | $320K | $375K | +17.2% |
| 5+ Bedrooms | $467.5K | $369.5K | -21.0% |
Summary: Chesnee 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 126.1%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes decreased by 21%.
Housing Supply in Chesnee, SC
How many homes are available in Chesnee, SC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 90 | 104 | +15.6% |
Summary: The Chesnee real estate market had 104 homes for sale in May 2024, a 15.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 58 | 64 | +10.3% |
| 4 Bedrooms | 20 | 25 | +25.0% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Chesnee 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 increased by 66.7%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 36 | +100.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chesnee, expect to pay close to the asking price. 56.3% of homes here sold near the asking price last month.
Summary: A total of 36 homes were sold or pending in Chesnee in May 2024, up by 100.0% month-over-month. Of the 32 sold homes, 34% were sold under asking, 56% were sold at asking, and 9% were sold over asking.
Days on Market for Chesnee, SC
How long does it take to sell a home in Chesnee, SC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 48 Days | 43 Days | -10.7% |
Summary: Homes in Chesnee had an average of 43 days on market in May 2024, down by 10.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chesnee are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 36 homes were sold in Chesnee; 39% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
