SC home prices had one of the largest price increases in the country, Zillow data shows
South Carolina home prices have had the second biggest increase of any state in the country. The prices rose 19.2% in the last year, according to a recent study by Santa Monica Realtors at Ruby Home Luxury Real Estate.
The information provided in the study was found when Santa Monica Realtors analyzed data from Zillow for the past year nationwide to determine which of the 50 states had seen the biggest increase in housing prices, according to the study.
The state that saw the biggest price increase in homes was Florida, where prices rose by 19.9% over the past year and saw the average price for a home currently standing at $404,939.
In second, South Carolina saw home prices rise by 19.2% last year and had an average cost per property of $300,667.
Vermont saw the largest increase in home prices — it saw the average house price at $386,285 after an increase of 16.9% over the past 12 months.
The 10 states where home prices rose the most last year, according to Zillow data provided by Ruby Home Luxury Real Estate, and their percentage increase, were:
Florida: 19.9%
South Carolina: 19.2%
Vermont: 16.9%
Tennessee: 16.3%
North Carolina: 15.7%
Georgia: 14.7%
South Dakota: 13.8%
Montana: 13.6%
Alabama and New Mexico: 13.0%
Arkansas and Oklahoma: 12.9%
The state that saw the smallest increase last year was Idaho, which had only a 1.3% increase in home prices last year. The average property price in the state is $459,947.
California saw the second lowest house price increase in the country with the average house price being $760,644 after an increase of 4.4% in the past twelve months in The Golden State.
The state of Oregon had the third lowest increase in home prices with the average price of a home being $510,401 after rising to 5.5% last year.
