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Real Estate - Residential

Median price of S.C. homes up to nearly $185,000

Real Estate - Residential
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The median price of homes sold during August in South Carolina was $184,789, according to a monthly report from the S.C. Association of Realtors. That’s a 5.7% increase from August 2015.

The Hilton Head area reported the highest price at $301,670 last month, while Southern Midlands reported the lowest at $97,500, the report said.

A total of 7,408 homes, condos and villas sold in August across the state, which is a 9.3% increase from the same month in 2015. Those homes were on the market an average of 91 days before sale, the report said.

New listings were up 10.2% from August 2015 to 10,064 last month, while pending sales increased nearly 2% to 6,678 last month, according to the report.

Home inventory continues to be a problem, dropping 5.9% to 36,099 in August. That leaves a 5.6-month supply of inventory, which is a 9.7% drop from August 2015, the report said.

Residential real estate data for S.C. regions


Location

Homes sold August 2015

Homes sold August 2016

%
change

Median price August 2015

Median price August 2016

%
change

Aiken

186

162

-12.9%

$146,750

$152,000

+3.6%

Beaufort

182

208

+14.3%

$170,000

$199,750

+17.5%

Charleston Trident

1,398

1,735

+24.1%

$216,750

$241,315

+11.3%

Cherokee County

43

41

-4.7%

$87,900

$103,150

+17.3%

Coastal Carolinas

1,073

1,087

+1.3%

$174,000

$170,000

-2.3%

Greater Columbia

1,082

1,188

+9.8%

$155,000

$161,098

+3.9%

Greater Greenville

1,108

1,146

+3.4%

$169,000

$185,000

+9.5%

Greenwood

93

73

-21.5%

$127,500

$138,900

+8.9%

Hilton Head Area

377

382

+1.3%

$284,000

$301,670

+6.2%

North Augusta

613

624

+1.8%

$164,900

$165,000

+0.1%

Pee Dee

173

216

+24.9%

$122,000

$128,950

+5.7%

Piedmont Regional

266

235

-11.7%

$170,000

$174,500

+2.6%

Southern Midlands

26

21

-19.2%

$114,250

$97,500

-14.7%

Spartanburg

373

432

+15.8%

$137,250

$148,250

+8.0%

Sumter/Clarendon County

128

130

+1.6%

$130,000

$150,995

+16.2%

Western Upstate

420

510

+21.4%

$157,574

$167,000

+6.0%

State totals

6,781

7,408

+9.3%

$174,900

$184,789

+5.7%

Source: S.C. Association of Realtors

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