March 2014 Sumter County, SC Market Report

Posted By Kim PeasleyParker @ May 13th 2014 9:21am In: Sumter Real Estate Monthly Report

 

Market Summary Thru March 31, 2014

 

Market Statistic

February 2014

March 2014

Trend

Median Price of Homes Sold

$129,000

$128,000

+

Average Price of Home Sold

$130,402

$122,767

-

Least Expensive Home Sold

$ 9,900

$8,000

-

Most Expensive Home Sold

$425,000

$377,500

-

Price/ Sq. Ft.

$61.96

$62.38

+

Average Days of Market (DOM)

167

149

-

Total Active Inventory

1227

1243

+

Median Home Size

1826

1735

+

Median Number of Bedrooms

3

3

 

Median Number of Bathrooms

2

2

 

 

March 2014  in Sumter, SC Real Estate showed no change in the number of homes sold.  Both February and March of 2014 had 64 properties sold during the month.  March 2014 had a decrease in the number of sales from March 2013, but with a harsher winter than normal in Sumter, many home buyers were surfing the web in February for a home rather getting out in the colder temperatures.  The number of pendings showed a large increase to 180 in March over February with 148.  The pace of the entire market in March was a  feeling more activity after home buyers stayed out of the rough weather February handed Sumter.  I feel the sales numbers in April will reflect the level of activity.    

 

The median home price in Sumter, SC decreased slightly in March 2014 to $128,000 as did the average sale price at $122,767.  The price per square foot increased in Sumter, SC real estate from $61.96 in February 2014 to $62.38 in March 2014.  Sumter, SC real estate sales are still slightly lower than 2013, but I expect the numbers to increase and the sales in 2014 will meet those in 2013.  March held true to prior years of with the number of new listings increasing.  Active inventory increased slightly from Febraury to March. 

 

The charts for Sumter SC Real Estate in March 2014 are below.  It is 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.   

 

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 Monthly Homes Sold

 

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

Sumter SC Homes Sold Year to date

 

Average Days on Market in Sumter Until Sold  

sumter SC Days On Market

 

Sumter New Listing for Residential Property By Month

Sumter SC Listings Per Month 

 

Sumter New Listing for Residential Property By Year To Date  

Sumter SC Year to Date Listings     

 

Sumter Active Listing for Residential Property 

Sumter SC Active Listings

 

Median Home Price for the Sumter Residential Home Sales

Sumter SC Median Home Price

 

Sumter County South Carolina Price Per Square Foot 

Sumter SC Homes 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 Air Force Base area

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

 

Copyright, Kim Peasley-Parker May 2014 

 


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