May 2014 Sumter, SC Real Estate Market Report
Market Summary Thru May 30, 2014
Market Statistic |
April 2014 |
May2014 |
Trend |
Median Price of Homes Sold |
$132,000 |
$137,500 |
+ |
Average Price of Home Sold |
$123,631 |
$139,994 |
+ |
Least Expensive Home Sold |
$10,500 |
$7,500 |
- |
Most Expensive Home Sold |
$330,000 |
$585,000 |
+ |
Price/ Sq. Ft. |
$64.50 |
$69.35 |
+ |
Average Days of Market (DOM) |
209 |
160 |
- |
Total Active Inventory |
1319 |
1319 |
|
Median Home Size |
1724 |
1750 |
+ |
Median Number of Bedrooms |
3 |
3 |
|
Median Number of Bathrooms |
2 |
2 |
|
May 2014 in Sumter, SC Real Estate showed a slight increase in the number of home sold. April had 87 homes sold in Sumter county and 88 homes closed in May. May 2014 units sold was slightly higher than May 2014 helping to close the gap of year to date closings between 2013 and 2014. May 2013 ended the month with 190 units pending and May 2014 had 216 pending which is a good indicator that June 2014 will have an increase in the number of units sold.
The median home price in Sumter, SC increased slightly in May 2014 to $137,500 as did the average sale price at $139,994. The price per square foot increased in Sumter, SC real estate from $64.50 in April 2014 to $69.35 in May 2014. The price per square foot is great news as this average is higher than any monthly price per square foot since August 2013! May and April 2014 both had 1319 active listings. May 2014 showed a slight decrease in the number of new listings which is good to a market that has so much inventory vs the sales.
The charts for Sumter SC Real Estate in May 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.
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
Homes Sold in Sumter County, South Carolina Year to Date Since 2007
Average Days on Market in Sumter Until Sold
Sumter New Listing for Residential Property By Month
Sumter New Listing for Residential Property By Year To Date
Sumter Active Listing for Residential Property
Median Home Price for the Sumter Residential Home Sales
Sumter County South Carolina 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 July 2014
Share on Social Media:
Comments (0)
Please contact us if you have any questions or comments.