Is 29566, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29566 is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 29566 was a Seller's Market.

Key Takeaway

29566 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 29566, SC

How much do homes in 29566, SC cost?

Median Sold Price

$314,853

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$4,201(+1.4%)

Key Takeaway

Homes in 29566 have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in 29566 was $314,853 in March 2024, up 1.4% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $131.9K$132K
0.0%
2 $200K$203.2K
+1.6%
3 $333.9K$328.9K
-1.5%
4 $413.9K$413.3K
-0.1%
5+ $450.8K$466K
+3.4%

Summary: 29566 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.6%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 3.4%.

Median Sold Price Compared To Nearby Zip Codes

28463
+3.6%
29568
+3.4%
29566
+1.4%
29582
-1.0%
28467
-1.7%

Housing Supply in 29566, SC

How many homes are available in 29566, SC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
411452+10.0%

Summary: The 29566 real estate market had 452 homes for sale in March 2024, a 10.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 2224
+9.1%
2 113134
+18.6%
3 220242
+10.0%
4 4641
-10.9%
5+ 1011
+10.0%

Summary: The 29566 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
5767+17.5%

Asking Price vs. Sold Price

52 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29566, you may be able to get a good deal. 77.6% of homes here sold below asking price last month.

Summary: A total of 67 homes were sold or pending in 29566 in March 2024, up by 17.5% month-over-month. Of the 67 sold homes, 78% were sold under asking, 18% were sold at asking, and 4% were sold over asking.

Days on Market for 29566, SC

How long does it take to sell a home in 29566, SC?

Average Sale Time

Mar 2023Mar 2024CHANGE
108 Days132 Days+22.6%

Summary: Homes in 29566 had an average of 132 days on market in Mar 2024, up by 22.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

44 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 29566 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 67 homes were sold in 29566; 0% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 66% 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 25 Days Ago

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