Is 29316, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29316 is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 29316 was a Seller's Market.

Key Takeaway

29316 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 29316, SC

How much do homes in 29316, SC cost?

Median Sold Price

$280,345

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$11,345(+4.2%)

Key Takeaway

Homes in 29316 have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in 29316 was $280,345 in April 2024, up 4.2% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $155K$172.5K
+11.3%
3 $254.4K$259K
+1.8%
4 $317.5K$310K
-2.4%
5+ $364K$331.6K
-8.9%

Summary: 29316 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 8.9%.

Median Sold Price Compared To Nearby Zip Codes

29349
+10.7%
29303
+10.5%
29323
+9.0%
29316
+4.2%

Housing Supply in 29316, SC

How many homes are available in 29316, SC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
293292-0.3%

Summary: The 29316 real estate market had 292 homes for sale in April 2024, a 0.3% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 44
0.0%
3 139143
+2.9%
4 10595
-9.5%
5+ 4550
+11.1%

Summary: The 29316 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
7148-32.4%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29316, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 48 homes were sold or pending in 29316 in April 2024, down by 32.4% month-over-month. Of the 42 sold homes, 64% were sold under asking, 26% were sold at asking, and 10% were sold over asking.

Days on Market for 29316, SC

How long does it take to sell a home in 29316, SC?

Average Sale Time

Apr 2023Apr 2024CHANGE
21 Days41 Days+93.2%

Summary: Homes in 29316 had an average of 41 days on market in Apr 2024, up by 93.2% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 29316 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 48 homes were sold in 29316; 33% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

Newest Listings in 29316, SC

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