September 2014 Sumter SC Market Report

Posted By Kim PeasleyParker @ Oct 20th 2014 1:14pm In: Sumter Real Estate Monthly Report

Market Summary Thru September 30, 2014

 

Market Statistic

August 2014

September 2014

Trend

Median Price of Homes Sold

$126,000

$125,000

-

Average Price of Home Sold

$134,875

$130,711

-

Least Expensive Home Sold

$6,000

$15,000

+

Most Expensive Home Sold

$409,500

$340,000

-

Price/ Sq. Ft.

$64.20

$66.81

+

Average Days of Market (DOM)

141

163

+

Total Active Inventory

1290

1254

-

Median Home Size

1831

1750

-

Median Number of Bedrooms

3

3

 

Median Number of Bathrooms

2

2

 

 

The Sumter SC real estate market in September 2014 showed the results of the slipping number of pendings at the end of August 2014.  The number of properties under contract in Sumter County fell from 203 at the end of July 2014 to 164 at the end of August 2014.  August 2014 had 105 units closed in Sumter, SC and September 2014 had only 79 properties close during the month.  The gains that were seen in August are likely not to be repeated during the remainder of 2014.  The number of pendings at the end of September 2014 was 172 up only slightly from the August pending number of 164 indicating that the number of closed sales in October will likely be very close the same as September.  Year to date sold properties for Sumter County at the end of September 2014 was 717.  This is 16 less units than closed in 2013 over the same time perior.  Based upon the number of properties pending at the end of September 2014 and the comparison to 2013 numbers, I expect the Year to Date for 2014 to lag behind the 2013 Year to Date numbers through the end of the year. 

 

The median home price in Sumter, SC for September 2014 was $125,000 which was down from the median home price in August 2014 of $126,000.  The price per square foot increased in Sumter, SC real estate from $64.20 in August 2014 to $66.81 in September 2014.  The number of active listings in September 2014 at 1254 down slightly from 1290 in August 2014.  The number of new listings in Sumter for September 2014 increased to 184 versus 151 new listings in August 2014. 

 

The charts for Sumter SC Real Estate in September 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

Sumter SC Homes Sold by month

 

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 Real Estate Homes for Sale Day on Market

 

Sumter New Listing for Residential Property By Month

Sumter SC Home Listings Per Month  

 

Sumter New Listing for Residential Property Year To Date  

Sumter SC Listings Year to Date Homes for Sale     

 

Sumter Active Listing for Residential Property 

Sumter SC Active home for sale

 

Sumter Median Home Price

Sumter SC Median Home Prices

 

Sumter County South Carolina Price Per Square Foot 

Sumter SC Average price per square foot for homes sold 

 

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 October 2014 

 


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