Is 29488, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29488 is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 29488 was a Seller's Market.

Key Takeaway

29488 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 29488, SC

How much do homes in 29488, SC cost?

Median Sold Price

$254,000

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$29,000(+12.9%)

Key Takeaway

Homes in 29488 have sold for 12.9% more than they did a year ago.

Summary: The median home sold price in 29488 was $254,000 in March 2024, up 12.9% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $206.9K$247.5K
+19.6%
2 $169K$168.2K
-0.5%
3 $205K$248.5K
+21.2%
4 $282K$332K
+17.7%
5+ $415K$292.5K
-29.5%

Summary: 29488 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.6%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 21.2%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes decreased by 29.5%.

Median Sold Price Compared To Nearby Zip Codes

29488
+12.9%
29474
+4.2%

Housing Supply in 29488, SC

How many homes are available in 29488, SC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6374+17.5%

Summary: The 29488 real estate market had 74 homes for sale in March 2024, a 17.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 710
+42.9%
3 4348
+11.6%
4 912
+33.3%
5+ 44
0.0%

Summary: The 29488 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
94-55.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29488, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 29488 in March 2024, down by 55.6% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 29488, 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 25 Days Ago

Newest Listings in 29488, SC

Nearby Markets to 29488, SC