Is Gaffney, 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, Gaffney has remained a Seller's Market.
Housing Prices in Gaffney, SC
How much do homes in Gaffney, SC cost?
Median Sold Price
$219,900
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Gaffney was $219,900 in May 2024, up 2.2% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $109K | $135K | +23.9% |
3 Bedrooms | $222K | $215.9K | -2.7% |
4 Bedrooms | $299.9K | $247.9K | -17.3% |
5+ Bedrooms | $319.7K | $355K | +11.0% |
Summary: Gaffney 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 23.9%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 17.3%, and 5+ bedroom homes increased by 11%.
Housing Supply in Gaffney, SC
How many homes are available in Gaffney, SC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
160 | 154 | -3.8% |
Summary: The Gaffney real estate market had 154 homes for sale in May 2024, a 3.8% decrease 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 | 17 | 16 | -5.9% |
3 Bedrooms | 107 | 102 | -4.7% |
4 Bedrooms | 30 | 31 | +3.3% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Gaffney 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 5.9%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 34 | -8.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Gaffney in May 2024, down by 8.1% month-over-month. Of the 28 sold homes, 46% were sold under asking, 25% were sold at asking, and 29% were sold over asking.
Days on Market for Gaffney, SC
How long does it take to sell a home in Gaffney, SC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
49 Days | 24 Days | -50.7% |
Summary: Homes in Gaffney had an average of 24 days on market in May 2024, down by 50.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 34 homes were sold in Gaffney; 56% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.