Is 29407, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29407 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 29407 has remained a Seller's Market.

Key Takeaway

29407 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 29407, SC

How much do homes in 29407, SC cost?

Median Sold Price

$484,750

$315/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$35,016(+7.8%)

Key Takeaway

Homes in 29407 have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in 29407 was $484,750 in February 2024, up 7.8% from last year, and the median price per square foot was $315.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $246.2K$264.5K
+7.4%
2 $338.2K$323.5K
-4.4%
3 $429.9K$476.3K
+10.8%
4 $575K$632.5K
+10.0%
5+ $660K$913K
+38.3%

Summary: 29407 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 38.3%.

Median Sold Price Compared To Nearby Zip Codes

29405
+13.5%
29403
+10.3%
29414
+9.5%
29407
+7.8%
29401
+3.3%

Housing Supply in 29407, SC

How many homes are available in 29407, SC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
112123+9.8%

Summary: The 29407 real estate market had 123 homes for sale in February 2024, a 9.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 02
+100.0%
2 2015
-25.0%
3 5260
+15.4%
4 3439
+14.7%
5+ 67
+16.7%

Summary: The 29407 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2225+13.6%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29407, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 29407 in February 2024, up by 13.6% month-over-month. Of the 25 sold homes, 80% were sold under asking, 8% were sold at asking, and 12% were sold over asking.

Days on Market for 29407, SC

We’re sorry, we don't have information for this market at the moment

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

Report Updated 27 Days Ago

Newest Listings in 29407, SC

Nearby Markets to 29407, SC