Is 29568, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29568 is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, 29568 has remained a Buyer's Market.

Key Takeaway

29568 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 29568, SC

How much do homes in 29568, SC cost?

Median Sold Price

$297,666

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$7,833(+2.7%)

Key Takeaway

Homes in 29568 have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in 29568 was $297,666 in February 2024, up 2.7% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $118.5K$129.8K
+9.6%
2 $176.5K$175K
-0.8%
3 $285K$285K
0.0%
4 $340K$360.9K
+6.2%
5+ $377.4K$375K
-0.7%

Summary: 29568 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.6%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes did not change, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 0.7%.

Median Sold Price Compared To Nearby Zip Codes

29569
+6.9%
29568
+2.7%
29582
+1.1%
28467
0.0%
29566
-0.8%

Housing Supply in 29568, SC

How many homes are available in 29568, SC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
155180+16.1%

Summary: The 29568 real estate market had 180 homes for sale in February 2024, a 16.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 1615
-6.3%
3 93115
+23.7%
4 3842
+10.5%
5+ 66
0.0%

Summary: The 29568 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 6.3%, 3 bedroom homes increased by 23.7%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1514-6.7%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29568, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 29568 in February 2024, down by 6.7% month-over-month. Of the 13 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 29568, SC

How long does it take to sell a home in 29568, SC?

Average Sale Time

Feb 2023Feb 2024CHANGE
114 Days123 Days+7.1%

Summary: Homes in 29568 had an average of 123 days on market in Feb 2024, up by 7.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 29568 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 14 homes were sold in 29568; 0% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 57% 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

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