Wade Hampton is seeing a relatively lean supply, with about 62 homes on the market and 3.6 months of supply. New listings are limited at just 18, while roughly 23 homes are going under contract, so buyers have fewer options to choose from. Compared with a year ago, inventory is down about 12.68 percent, and new listings have fallen more than 47 percent, which helps explain why conditions lean toward a seller’s market.
Prices are responding to that tight supply. The typical home value is around $440,000, which is notably higher than Greenville County’s $370,000 typical value, and it has climbed nearly 49.91 percent over the past year with a very sharp 74.6 percent rise in the last month alone. List prices are also moving up, with the median list price at $527,500 after a monthly jump of about 39.75 percent, and projections for next month point to a typical value of about $534,000 and a median list price near $602,525.
Homes are spending around 42 days on the market, a big drop of roughly 56.7 percent from last month, and about 29 percent of recent sales closed above the list price even though the average sale is at about 96 percent of asking. At the same time, about 43.55 percent of sellers are reducing their prices, showing that accurate pricing still matters despite the seller’s market reading. With trends in Wade Hampton moving quickly and differently from the wider Greenville County area, both buyers and sellers can benefit from Agent Pronto’s help in finding an agent who understands these conditions.
