The Best Time to Buy a House in South Carolina

Clever Real Estate

By 

Clever Real Estate

March 8th, 2021
Updated March 8th, 2021

SHARE

Are you ready to move to South Carolina, but you don’t understand the state’s housing market? Do yourself a favor and reach out to an expert real estate agent in the area.

best time to buy south carolina

Buying a house is a stressful and emotional process. You'll likely have to spend weeks touring properties, fill out hundreds of forms, and invest a large chunk of your savings to secure the right house.

One way to make buying a house easier is starting the process at the right time. In South Carolina, housing inventory, mortgage rates, and market trends vary from month to month.

For example, this year listing prices for homes in South Carolina were lowest in January. On average, homes were $18,915 less expensive. While in November — the month with the highest prices — the listing prices were $14,311 more than the annual average.

In truth, the best time to buy a house really depends on your priorities and situation. Read on to find out which time of year will give you the most options and the biggest savings when buying a house in South Carolina.

Best Month For


Listing price
January
4.3% lower than average
Housing inventory
April
19.0% more homes to choose from
Mortgage rates
December
2.93% interest for 30-year mortgage
Realtor.com data (October 2020)
Bankrate data (December 2020)

If you're interested in buying a home, the first step in the home buying journey is getting preapproved by a licensed lender. Even if you’re already pre-approved, shopping around for lower rates can pay dividends over the life of the loan.

You can fill out the form below to be instantly matched with a licensed lender who knows the area and can guide you through the process.

The Best Time of Year to Buy in South Carolina

Those lucky people in South Carolina often enjoy mild winters. That moderate weather affects their housing market. While those in northern climates have few houses to look at in January, homeowners in South Carolina can easily put their homes up for sale during the winter months.

From the home buyer’s perspective, January is a great time to purchase a home in South Carolina. There are fewer buyers, so there’s less competition for properties. Homeowners may have a unique reason for selling since they are putting their house on the market during a traditionally slow month. This may mean they are particularly motivated to sell.

Even though there are more houses on the market during the spring, you will definitely have more competition as a buyer. Spring buyers are more likely to pay full price or to pay above the asking price.

So if you have some flexibility in your schedule, and you don’t mind moving during the school year, you will probably be able to get a great deal on the house of your dreams in January.

The Best Places to Buy a Home in South Carolina

Do you yearn to live in a place oozing with charm? Are you sick of harsh winters and are seeking a more moderate climate? Do you want to move closer to the ocean? There are many reasons why you would want to move to South Carolina. Here are five of the best areas you may wish to explore before deciding on where to live.

Charleston

Charleston is known for its magnificent, beautiful homes and historical attractions. Visitors flock to Fort Sumter, Magnolia Cemetery, Drayton Hall, and the Aiken-Rhett Home. Charleston is also known for great restaurants and is home to the College of Charleston, The Citadel, and the University of South Carolina.

North Charleston

If you love to shop, and you want to be close to your favorite retailers, North Charleston should be your destination. You will also be able to enjoy the shows at the North Charleston Coliseum and North Charleston Performing Arts Center.

Greenville

This extremely livable city draws many young professionals. There are lively entertainment venues and universities. Forbes has also named Greenville’s downtown as one of the ten best in the country.

Rock Hill

This suburb of Charlotte is often listed on the best of South Carolina lists. If you enjoy the great outdoors, this is the city for you. There are a lot of festivals and special events in the Old Town area, and there are Olympic-caliber cycling and BMX facilities for you to enjoy as well.

Columbia

As you probably learned in fourth grade, Columbia is South Carolina’s capital. It offers visitors a world-class zoo, and it is also home to the University of South Carolina. Go Gamecocks!

4 Ways to Get a Great Deal On a Home in South Carolina

1. Find a Great South Carolina Real Estate Agent

You may be an expert in many things, but chances are you don’t know much about the real estate market in South Carolina. Find someone who does know the area and will work for you as your buyer’s agent. Find someone with premier negotiation skills who will look out for your best interests.

2. Assess Your Needs and Lay Out Your Goals

Your local buyer’s agent will assess your needs and ask you the right questions to help you narrow down where you would like to live in South Carolina. He or she may suggest certain areas based on your financial situation.

Do you want an ocean-facing property? Do you want to live in a city with a college? Do you want to live in a quiet community where you can enjoy retirement? Your buyer’s agent will help you find the perfect location.

3. Find a Lender and Secure Financing

Unless you plan to buy your home with cash, you'll need to apply for a mortgage. For most home buyers in South Carolina, interest rates are among the biggest factors when choosing a lender. Doing a little upfront research and comparing options to find the best rates could save you tens of thousands of dollars over the life of your loan.

For example, in South Carolina a typical house is worth $205,000. Assuming a 20% down payment, if you took out a 30-year mortgage for 3.5%, your monthly payment would be $731. But if you shopped around and found a 3% mortgage, your monthly payment would drop to about $691.

Getting a mortgage is a big decision – and it pays to shop around! Keep shopping until you find a lender with competitive rates who also understands your goals. Don’t get pressured into taking on a bigger loan than you’re comfortable with – work with a lender who explains what you’re really signing up for.

It’s easy to start your home buying journey – answer a few questions to get instantly matched with a lender who works in your area.

4. Negotiate for the Best Possible Price

Once you’ve chosen your dream property, your agent will help you make and submit an offer. They will then negotiate with the owner again following the home inspection to ensure you’re getting the best deal possible.

Are you ready to take the first step to move to South Carolina? Fill out this online form, and a Clever representative will be in touch to answer any questions you may have and connect you with a local Partner Agent for a no-obligation consultation.

South Carolina is waiting for you! Take that first step and find an expert in the industry to help you with your purchase.

You May Also Like

Better real estate agents at a better rate

Enter your zip code to see if Clever has a partner agent in your area.

If you don't love your Clever partner agent, you can request to meet with another, or shake hands and go a different direction. We offer this because we're confident you're going to love working with a Clever Partner Agent.