December 2014 Sumter SC Real Estate Market Report

Posted By Kim PeasleyParker @ Jan 19th 2015 11:35am In: Sumter Real Estate Monthly Report

 

Market Summary Thru December 31, 2014

 

Market Statistic

November 2014

December  2014

Trend

Median Price of Homes Sold

$142,000

$148,000

+

Average Price of Home Sold

$137,744

$159,077

+

Least Expensive Home Sold

$4,500

$5,000

+

Most Expensive Home Sold

$367,500

$508,023

+

Price/ Sq. Ft.

$67.70

$76.24

+

Average Days of Market (DOM)

156

146

-

Total Active Inventory

1221

1140

-

Median Home Size

1873

1946

+

Median Number of Bedrooms

3

3

 

Median Number of Bathrooms

3

2

 

December 2014 was a month of sales in the Sumter, SC real estate market.  With November 2014 sales numbers and the number of pendings listings at the end of the month down, it wasn’t a great indicator that December 2014 would turn out to be the month it was.  In December, the Sumter market had 75 properties sell.  This number for a December is higher than any December back until 2007!  The units closed in December helped drive the total sales for the year 2014 to 957.  In 2013, Sumter had 929 units close.  To find a bigger selling year in Sumter County, we have to go back to 2008 when there were 1025 units sold.  We are starting 2015 with 115 properties under contract, which is down from the 149 properties that were under contract or pending at the end of November 2014. 

 

N The median home price in Sumter, SC for November 2014 was $142,000, which was an increase over October.  November had many new construction homes sold and this impacted median home size as well as the median number of bathrooms.  The average price of homes sold in November fell from $140,249 in October 2014 to $137,744.  The majority of the time, the median is lower than the average price.  The median being higher than the average sales price in November is an indicator of the higher priced homes being sold.  The number of active listing in October and November 2014 were essentially the same with 1231 vs. 1221.  However, the number of new listings in November fell from 160 in October to 116 in November. 

 

The charts for Sumter SC Real Estate in November 2014 are below.  It remains a great time to purchase a home in Sumter, there is a very high inventory and the interest rates are still relatively low.  There is a substantial cost savings in purchasing a home versus renting the same home.  These savings are only increased when tax benefits of owning are home are calculated into the equation.  Home prices have continued to decrease in the Sumter SC market as the inventory is high.  With the number of homes sold increasing, we are likely to see the prices of homes stabilize and possibly gain, so there is no better time that the present to purchase your new home in Sumter. 

 

For more information or a free walk thru to prepare for selling, please call me at 803-840-7519.

 

Homes Sold in Sumter County, South Carolina by Month

Sumter SC Real Estate Homes Sold Dec 2014

 

Homes Sold in Sumter County, South Carolina Year to Date Since 2006

Sumter Real Estate Homes Sold Yearly Annualy

 

Average Days on Market in Sumter Until Sold  

Sumter SC Homes for Sale Days On Market

 

Sumter New Listing for Residential Property By Month

Sumter SC New Listing Homes for Sale Real Estate   

 

Sumter New Listing for Residential Property Year To Date  

Sumter SC Homes for Sale Real Estate Listings     

 

Sumter Active Listing for Residential Property 

Sumter SC Real Estate Homes for Sale

 

Sumter Median Home Price

Sumter SC Median Home Price Homes Sold

 

Sumter County South Carolina Price Per Square Foot 

Sumter Real Estate Price per Square Foot,  

 

As I recommend every month, please consult a local Realtor® about the local market.  Even though the Sumter Board of Realtors provides data, this data is very specific to Sumter County and residential home sales only.  I do not include other counties in our Board of Realtors nor do I include lots or land.

 

I hope you find this real estate market report for Sumter County, SC informative.  If you have any suggestions or questions, please email me at kim@agentownedrealty.com and I will help you in any way possible. 

 

Kim Peasley-Parker

Realtor®/Shareholder

AgentOwned Realty,

Heritage Group, Inc.

Sumter, SC

Cell 803-840-7519

Serving all of Sumter County including Sumter, Dalzell, and Shaw Area

 

Your Relocation Contact for Sumter, Shaw, Air Force and 3rd Army

 

Copyright, Kim Peasley-Parker January 2015 

 


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