Is 29388, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 29388 has remained a Seller's Market.
Key Takeaway
29388 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 29388, SC
How much do homes in 29388, SC cost?
Median Sold Price
$298,266
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 29388 have sold for 15.2% more than they did a year ago.
Summary: The median home sold price in 29388 was $298,266 in March 2024, up 15.2% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82.5K | $56.2K | -31.8% |
| 2 Bedrooms | $134.9K | $194K | +43.8% |
| 3 Bedrooms | $250.4K | $266K | +6.2% |
| 4 Bedrooms | $313.3K | $371.9K | +18.7% |
| 5+ Bedrooms | $342.6K | $450K | +31.3% |
Summary: 29388 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.8%, 2 bedroom homes increased by 43.8%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 31.3%.
Housing Supply in 29388, SC
How many homes are available in 29388, SC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 99 | 105 | +6.1% |
Summary: The 29388 real estate market had 105 homes for sale in March 2024, a 6.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 45 | 40 | -11.1% |
| 4 Bedrooms | 34 | 37 | +8.8% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The 29388 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 30%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 25 | +47.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 29388, expect to pay close to the asking price. 47.6% of homes here sold near the asking price last month.
Summary: A total of 25 homes were sold or pending in 29388 in March 2024, up by 47.1% month-over-month. Of the 21 sold homes, 29% were sold under asking, 48% were sold at asking, and 24% were sold over asking.
Days on Market for 29388, SC
How long does it take to sell a home in 29388, SC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 32 Days | 71 Days | +123.5% |
Summary: Homes in 29388 had an average of 71 days on market in Mar 2024, up by 123.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 29388 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 25 homes were sold in 29388; 20% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
