Is Pendleton, 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, Pendleton has remained a Seller's Market.
Key Takeaway
Pendleton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pendleton, SC
How much do homes in Pendleton, SC cost?
Median Sold Price
$274,900
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pendleton have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Pendleton was $274,900 in May 2024, up 7.8% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $107.5K | N/A |
| 2 Bedrooms | $163.7K | $187.4K | +14.5% |
| 3 Bedrooms | $245K | $261.2K | +6.6% |
| 4 Bedrooms | $315.8K | $311.9K | -1.2% |
| 5+ Bedrooms | $379.5K | $308.5K | -18.7% |
Summary: Pendleton 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 14.5%, 3 bedroom homes increased by 6.6%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 18.7%.
Median Sold Price Compared To Nearby Cities
| Pendleton | $255K | $274.9K | +7.8% |
| Clemson | $347.5K | $372.5K | +7.2% |
Housing Supply in Pendleton, SC
How many homes are available in Pendleton, SC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 97 | 94 | -3.1% |
Summary: The Pendleton real estate market had 94 homes for sale in May 2024, a 3.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 64 | 63 | -1.6% |
| 4 Bedrooms | 22 | 21 | -4.5% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Pendleton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pendleton, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Pendleton in May 2024, the same as the previous month. Of the 21 sold homes, 33% were sold under asking, 24% were sold at asking, and 43% were sold over asking.
Days on Market for Pendleton, SC
How long does it take to sell a home in Pendleton, SC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 83 Days | 64 Days | -23.0% |
Summary: Homes in Pendleton had an average of 64 days on market in May 2024, down by 23% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pendleton has remained consistent over time.
Summary: During May 2024, 21 homes were sold in Pendleton; 19% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
