Is 29440, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29440 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 29440 was a Seller's Market.

Key Takeaway

29440 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 29440, SC

How much do homes in 29440, SC cost?

Median Sold Price

$359,630

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$53,242(+17.4%)

Key Takeaway

Homes in 29440 have sold for 17.4% more than they did a year ago.

Summary: The median home sold price in 29440 was $359,630 in February 2024, up 17.4% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $325K-
N/A
2 $169.9K$228.9K
+34.7%
3 $274.5K$317K
+15.5%
4 $397.6K$426K
+7.1%
5+ $1.1M$1.7M
+52.9%

Summary: 29440 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.7%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 52.9%.

Median Sold Price Compared To Nearby Zip Codes

29440
+17.4%
29585
+14.2%
29576
+5.5%

Housing Supply in 29440, SC

How many homes are available in 29440, SC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
128124-3.1%

Summary: The 29440 real estate market had 124 homes for sale in February 2024, a 3.1% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 6866
-2.9%
4 3938
-2.6%
5+ 1515
0.0%

Summary: The 29440 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2213-40.9%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29440, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 29440 in February 2024, down by 40.9% month-over-month. Of the 13 sold homes, 62% were sold under asking, 31% were sold at asking, and 8% were sold over asking.

Days on Market for 29440, SC

How long does it take to sell a home in 29440, SC?

Average Sale Time

Feb 2023Feb 2024CHANGE
160 Days125 Days-21.8%

Summary: Homes in 29440 had an average of 125 days on market in Feb 2024, down by 21.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 29440 has remained consistent over time.

Summary: During February 2024, 13 homes were sold in 29440; 0% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 46% 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 27 Days Ago

Newest Listings in 29440, SC

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