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Median price of S.C. homes up nearly 5% in October

Real Estate - Residential
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The median price of homes sold across South Carolina during October was $181,500, which is a nearly 5% increase from October 2015, according to a monthly report from the S.C. Association of Realtors.

The Hilton Head Area recorded the highest median price last month at $304,000, while Southern Midlands saw the lowest median price at $99,400, the report said.

There were 7,604 new listings for homes in the state last month, which is 90 fewer than in October 2015. However, 5,882 homes closed in October, a jump of about 25 sales, according to the report.

Homes stayed on the market an average of 92 days across South Carolina, which is down nearly 9% from 101 days in October 2015. Inventory of homes for sale declined about 6.6% from the previous year to 34,699 in October. That leaves a 5.3-month supply of inventory, the report said.

Residential real estate data for S.C. regions

Location
Sales Oct.15
Sales Oct.16
% chg.
Median price
Oct.15
Median price
Oct.16
% chg.
Aiken
150
192
+28.0
$148,500
$155,400
+4.6
Beaufort
153
141
-7.8
$175,000
$210,000
+20.0
Charleston Trident
1,270
1,273
+0.2
$225,000
$240,000
+6.7
Cherokee County
32
45
+40.6
$74,950
$120,400
+60.6
Coastal Carolinas
1,036
829
-20.0
$167,500
$163,500
-2.4
Greater Columbia
829
951
+14.7
$156,950
$157,000
0.0
Greater Greenville
932
998
+7.1
$167,600
$187,975
+12.2
Greenwood
58
86
+48.3
$115,000
$145,000
+26.1
Hilton Head Area
330
235
-28.8
$284,968
$304,000
+6.7
North Augusta
551
578
+4.9
$149,900
$165,450
+10.4
Pee Dee
154
126
-18.2
$135,000
$129,900
-3.8
Piedmont Regional
215
217
+0.9
$161,000
$180,845
+12.3
Southern Midlands
26
23
-11.5
$108,500
$99,400
-8.4
Spartanburg
336
362
+7.7
$133,000
$144,000
+8.3
Sumter/Clarendon County
103
115
+11.7
$144,000
$145,450
+1.0
Western Upstate
343
378
+10.2
$148,250
$165,000
+11.3
State totals
5,857
5,882
+0.4
$173,000
$181,500
+4.9

Source: S.C. Association of Realtors

Reach Ashley Heffernan at 843-849-3144.

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