Is 29588, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 29588 has remained a Seller's Market.
Key Takeaway
29588 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 29588, SC
How much do homes in 29588, SC cost?
Median Sold Price
$312,272
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 29588 have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in 29588 was $312,272 in March 2024, up 0.9% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115.5K | $135K | +16.9% |
| 2 Bedrooms | $200K | $237.5K | +18.8% |
| 3 Bedrooms | $301.8K | $308.8K | +2.3% |
| 4 Bedrooms | $380K | $365K | -3.9% |
| 5+ Bedrooms | $441.7K | $407.9K | -7.7% |
Summary: 29588 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.9%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes decreased by 7.7%.
Housing Supply in 29588, SC
How many homes are available in 29588, SC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 364 | 372 | +2.2% |
Summary: The 29588 real estate market had 372 homes for sale in March 2024, a 2.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 21 | +10.5% |
| 2 Bedrooms | 52 | 57 | +9.6% |
| 3 Bedrooms | 192 | 199 | +3.6% |
| 4 Bedrooms | 73 | 64 | -12.3% |
| 5+ Bedrooms | 28 | 31 | +10.7% |
Summary: The 29588 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes increased by 10.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 75 | 72 | -4.0% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 29588, you may be able to get a good deal. 73.6% of homes here sold below asking price last month.
Summary: A total of 72 homes were sold or pending in 29588 in March 2024, down by 4.0% month-over-month. Of the 72 sold homes, 74% were sold under asking, 15% were sold at asking, and 11% were sold over asking.
Days on Market for 29588, SC
How long does it take to sell a home in 29588, SC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 94 Days | 127 Days | +35.4% |
Summary: Homes in 29588 had an average of 127 days on market in Mar 2024, up by 35.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
34 Homes Were Sold
In 30 - 90 Days
36 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 29588 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 72 homes were sold in 29588; 3% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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