Is Lyman, 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, Lyman has remained a Seller's Market.
Key Takeaway
Lyman is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lyman, SC
How much do homes in Lyman, SC cost?
Median Sold Price
$300,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lyman have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Lyman was $300,000 in May 2024, up 3.4% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $284K | $184K | -35.2% |
| 2 Bedrooms | $193.9K | $191K | -1.5% |
| 3 Bedrooms | $268K | $276.1K | +3.0% |
| 4 Bedrooms | $321.6K | $336.9K | +4.8% |
| 5+ Bedrooms | $342.9K | $430K | +25.4% |
Summary: Lyman housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.2%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 25.4%.
Housing Supply in Lyman, SC
How many homes are available in Lyman, SC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 115 | 113 | -1.7% |
Summary: The Lyman real estate market had 113 homes for sale in May 2024, a 1.7% 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 | 7 | 7 | 0.0% |
| 3 Bedrooms | 55 | 52 | -5.5% |
| 4 Bedrooms | 39 | 40 | +2.6% |
| 5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Lyman 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 remained the same, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 29 | -6.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lyman, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Lyman in May 2024, down by 6.5% month-over-month. Of the 25 sold homes, 28% were sold under asking, 32% were sold at asking, and 40% were sold over asking.
Days on Market for Lyman, SC
How long does it take to sell a home in Lyman, SC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 18 Days | -42.4% |
Summary: Homes in Lyman had an average of 18 days on market in May 2024, down by 42.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lyman are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 29 homes were sold in Lyman; 38% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
