Is 29627, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29627 is a seller's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 29627 was a Neutral Market.

Key Takeaway

29627 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 29627, SC

How much do homes in 29627, SC cost?

Median Sold Price

$244,900

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$39,900(+19.5%)

Key Takeaway

Homes in 29627 have sold for 19.5% more than they did a year ago.

Summary: The median home sold price in 29627 was $244,900 in March 2024, up 19.5% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $350K-
N/A
2 $135K$160K
+18.5%
3 $205K$234.9K
+14.6%
4 $260.5K$412.5K
+58.3%
5+ $539.9K$501.3K
-7.1%

Summary: 29627 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 18.5%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 58.3%, and 5+ bedroom homes decreased by 7.1%.

Median Sold Price Compared To Nearby Zip Codes

29627
+19.5%
29669
+16.9%
29621
+7.0%
29697
-1.1%

Housing Supply in 29627, SC

How many homes are available in 29627, SC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
7585+13.3%

Summary: The 29627 real estate market had 85 homes for sale in March 2024, a 13.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 88
0.0%
3 4348
+11.6%
4 2022
+10.0%
5+ 47
+75.0%

Summary: The 29627 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 75%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2017-15.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29627, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 29627 in March 2024, down by 15.0% month-over-month. Of the 16 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.

Days on Market for 29627, SC

How long does it take to sell a home in 29627, SC?

Average Sale Time

Mar 2023Mar 2024CHANGE
81 Days14 Days-82.0%

Summary: Homes in 29627 had an average of 14 days on market in Mar 2024, down by 82% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 29627 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 17 homes were sold in 29627; 41% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% 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 29627, SC

Nearby Markets to 29627, SC