Is 29625, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29625 is a seller's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 29625 was a Neutral Market.

Key Takeaway

29625 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 29625, SC

How much do homes in 29625, SC cost?

Median Sold Price

$255,281

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$15,314(+6.4%)

Key Takeaway

Homes in 29625 have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in 29625 was $255,281 in March 2024, up 6.4% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $37K$120.5K
+225.7%
2 $152.5K$145.1K
-4.8%
3 $237.7K$255K
+7.3%
4 $329.4K$313.8K
-4.7%
5+ $631.2K$570K
-9.7%

Summary: 29625 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 225.7%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes decreased by 9.7%.

Median Sold Price Compared To Nearby Zip Codes

29626
+9.8%
29670
+9.6%
29621
+7.0%
29625
+6.4%

Housing Supply in 29625, SC

How many homes are available in 29625, SC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
176193+9.7%

Summary: The 29625 real estate market had 193 homes for sale in March 2024, a 9.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 23
+50.0%
2 2427
+12.5%
3 9698
+2.1%
4 3745
+21.6%
5+ 1720
+17.6%

Summary: The 29625 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes increased by 17.6%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3841+7.9%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29625, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in 29625 in March 2024, up by 7.9% month-over-month. Of the 38 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.

Days on Market for 29625, SC

How long does it take to sell a home in 29625, SC?

Average Sale Time

Mar 2023Mar 2024CHANGE
59 Days51 Days-13.2%

Summary: Homes in 29625 had an average of 51 days on market in Mar 2024, down by 13.2% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 29625 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 41 homes were sold in 29625; 27% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 15% 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 22 Days Ago

Newest Listings in 29625, SC

Nearby Markets to 29625, SC