Скачать или смотреть 🌟 Elgin, SC Real Estate Market Insights – March 2025 🌟 🏡 Let's dive into the latest trends shapi

🌟 Elgin, SC Real Estate Market Insights – March 2025 🌟

🏡 Let's dive into the latest trends shaping the Elgin real estate landscape and what they mean for you:

*Median Sale Price:* The median sale price has dipped to $252,500, reflecting a 10.6% decrease MoM and a 39.6% drop YoY. This decline presents a unique opportunity for buyers to enter the market at more affordable prices, while sellers may need to adjust expectations and strategies to attract potential buyers. 📉

*Median List Price:* At $181,500, the median list price has decreased by 31.9% MoM and 4.5% YoY. This trend suggests a competitive market where sellers are pricing homes more aggressively to attract buyers. 🏠

*Price Per Square Foot:* Despite the overall price drop, the median price per square foot has increased by 24.2% YoY to $194.96. This indicates that while overall prices are down, the value of space is rising, making it a good time for buyers to invest in quality properties. 📏💰

*Homes Sold:* With 6 homes sold, a significant increase from previous months, the market is showing signs of activity. This uptick is encouraging for sellers, indicating a growing interest in the area. 🔄

*Inventory & Supply:* Inventory stands at 10 homes, with a months of supply at 1.7, both showing slight decreases. This limited supply could drive demand, creating a favorable environment for sellers. 📦

*Days on Market:* Homes are spending an average of 69 days on the market, a decrease of 6 days MoM but an increase of 36 days YoY. Sellers should be prepared for a longer selling process, while buyers can take advantage of the extended time to make informed decisions. ⏳

Whether you're buying or selling, understanding these trends can help you navigate Elgin's dynamic market effectively. Let's connect to discuss how these insights can benefit your real estate journey!

[Data Source: Redfin]

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