Is 29640, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 29640 was a Buyer's Market.
Key Takeaway
29640 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 29640, SC
How much do homes in 29640, SC cost?
Median Sold Price
$279,966
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 29640 have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in 29640 was $279,966 in March 2024, up 7.7% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $256.2K | +122.8% |
| 2 Bedrooms | $182K | $187.7K | +3.2% |
| 3 Bedrooms | $244K | $259K | +6.1% |
| 4 Bedrooms | $318.7K | $342K | +7.3% |
| 5+ Bedrooms | $334.7K | $315K | -5.9% |
Summary: 29640 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 122.8%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 5.9%.
Housing Supply in 29640, SC
How many homes are available in 29640, SC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 126 | 146 | +15.9% |
Summary: The 29640 real estate market had 146 homes for sale in March 2024, a 15.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 22 | 28 | +27.3% |
| 3 Bedrooms | 72 | 90 | +25.0% |
| 4 Bedrooms | 24 | 22 | -8.3% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The 29640 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 increased by 27.3%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 39 | +44.4% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 29640, you may be able to get a good deal. 68.4% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in 29640 in March 2024, up by 44.4% month-over-month. Of the 38 sold homes, 68% were sold under asking, 16% were sold at asking, and 16% were sold over asking.
Days on Market for 29640, SC
How long does it take to sell a home in 29640, SC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 62 Days | +40.9% |
Summary: Homes in 29640 had an average of 62 days on market in Mar 2024, up by 40.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 29640 has remained consistent over time.
Summary: During March 2024, 39 homes were sold in 29640; 5% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
