Is 29575, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29575 is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 29575 was a Seller's Market.

Key Takeaway

29575 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 29575, SC

How much do homes in 29575, SC cost?

Median Sold Price

$340,000

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$4,666(-1.4%)

Key Takeaway

Homes in 29575 have sold for 1.4% less than they did a year ago.

Summary: The median home sold price in 29575 was $340,000 in March 2024, down 1.4% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $139.9K$159.9K
+14.3%
2 $180K$197.5K
+9.7%
3 $365K$359.9K
-1.4%
4 $514K$567.5K
+10.4%
5+ $649.9K$690K
+6.2%

Summary: 29575 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 9.7%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 6.2%.

Median Sold Price Compared To Nearby Zip Codes

29577
+8.4%
29576
+4.1%
29588
+0.9%
29575
-1.4%

Housing Supply in 29575, SC

How many homes are available in 29575, SC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
323347+7.4%

Summary: The 29575 real estate market had 347 homes for sale in March 2024, a 7.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1819
+5.6%
2 116116
0.0%
3 114126
+10.5%
4 4548
+6.7%
5+ 3038
+26.7%

Summary: The 29575 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.6%, 2 bedroom homes remained the same, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 26.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
4946-6.1%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29575, you may be able to get a good deal. 65.2% of homes here sold below asking price last month.

Summary: A total of 46 homes were sold or pending in 29575 in March 2024, down by 6.1% month-over-month. Of the 46 sold homes, 65% were sold under asking, 26% were sold at asking, and 9% were sold over asking.

Days on Market for 29575, SC

How long does it take to sell a home in 29575, SC?

Average Sale Time

Mar 2023Mar 2024CHANGE
84 Days141 Days+67.3%

Summary: Homes in 29575 had an average of 141 days on market in Mar 2024, up by 67.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

26 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 29575 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 46 homes were sold in 29575; 9% of homes were sold within 30 days, 35% 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 26 Days Ago

Newest Listings in 29575, SC

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