Is 29316, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 29316 was a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $155K | $172.5K | +11.3% |
3 Bedrooms | $254.4K | $259K | +1.8% |
4 Bedrooms | $317.5K | $310K | -2.4% |
5+ Bedrooms | $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%.
Housing Supply in 29316, SC
How many homes are available in 29316, SC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
293 | 292 | -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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 139 | 143 | +2.9% |
4 Bedrooms | 105 | 95 | -9.5% |
5+ Bedrooms | 45 | 50 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 48 | -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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 41 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
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.