Duncan Housing Market Report May 2025Spartanburg County, South Carolina

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Housing Prices in Duncan, SC

How much do homes in Duncan, SC cost?

Housing Market Conditions

Is Duncan, SC a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Duncan is a Seller's Market

Difference Since May 2024

Since last year, Duncan has remained a Seller's Market.

Insight

Duncan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$289,910$149/SqFt
-$23,090
-7.4%

Based on all homes sold in the last 12 months

Insight

Homes in Duncan have sold for 7.4% less than they did a year ago.

Summary: The median home sold price in Duncan was $289,910 in May 2025, down 7.4% from last year, and the median price per square foot was $149.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Wellford
+19.6%
Greer
+8.8%
Greer
+2.9%
Lyman
0.5%
Duncan
-7.4%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1-$86K
N/A
2$187.5K$208K
+10.9%
3$267.9K$250K
-6.7%
4$371.9K$350K
-5.9%
5$439.5K$417K
-5.1%

Summary: Duncan housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +10.9%. The home price for 3 bedroom homes decreased by -6.7%. The home price for 4 bedroom homes decreased by -5.9%. The home price for 5 bedroom homes decreased by -5.1%.

How does Duncan, SC compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Duncan, SC

Housing supply in Duncan, SC

How many homes are available in Duncan, SC?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
126Last MonthMay 2025
1242 months agoApr 2025
+1.6 %
Change MoMApr – May

Summary: The Duncan real estate market had 126 homes for sale in May 2025, a 1.6 % increase compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
29Last MonthMay 2025
382 months agoApr 2025
-23.7 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
100
0.0%
235
+66.7%
35861
+5.2%
45148
-5.9%
51212
0.0%

Summary: Duncan housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +66.7%. The inventory for 3 bedroom homes increased by +5.2%. The inventory for 4 bedroom homes decreased by -5.9%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Duncan, SC cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price9 Homes

Under Asking Price14 Homes

Insight

If you're buying a home in Duncan, you may be able to get a good deal. 56% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Duncan in May 2025, down by 23.7% month-over-month. Of the 25 sold homes, 56% were sold under asking, 36% were sold at asking, and and 8% were sold over asking.

Days on Market for Duncan, SC

How long does it take to sell a home in Duncan, SC?

Breakdown of Home Sale Times

Under 30 Days6 Homes

30 – 90 Days0 Home

Over 90 Days3 Homes

Insight

Many homes in Duncan are selling fast, if you're buying plan to act quickly.

Summary: During May 2025, 29 homes were sold in Duncan; 21% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
42 DaysThis YearMay 2025
49 Days1 year agoMay 2024
-14.3 %
Change YoYMay 2024 – May 2025

Summary: Homes in Duncan had an average listing age of 42 days in May 2025, down by 14.3% compared to the previous year.

Newest Listings in Duncan, SC

What homes are available in Duncan, SC?

MLS Disclaimers and Copyright

Based on information from Greater Greenville MLS, and Multiple Listing Service of Spartanburg for the period 06/01/2023 - 06/01/2025

Listing provided courtesy of Greater Greenville Association of Realtors® Internet Data Exchange Database. © 2025 GGAR MLS.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GGAR MLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. GGAR MLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/3/2025, 11:55:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
© 2025 Spartanburg Association of REALTORS® Multiple Listing Service. All Rights Reserved.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Spartanburg Association of REALTORS®. IDX information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable, but not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/3/2025, 11:55:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.