Is 29055, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29055 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 29055 was a Buyer's Market.

Key Takeaway

29055 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 29055, SC

How much do homes in 29055, SC cost?

Median Sold Price

$160,000

$87/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$44,500(-21.8%)

Key Takeaway

Homes in 29055 have sold for 21.8% less than they did a month ago.

Summary: The median home sold price in 29055 was $160,000 in October 2024, down 21.8% from last month, and the median price per square foot was $87.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$15K
N/A
2 -$35K
N/A
3 $204.5K$205K
0.2%
4 --
N/A
5+ --
N/A

Summary: 29055 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 0.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 29055, SC

How many homes are available in 29055, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2423-4.2%

Summary: The 29055 real estate market had 23 homes for sale in October 2024, a 4.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 55
0.0%
3 1211
-8.3%
4 66
0.0%
5+ 00
0.0%

Summary: The 29055 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29055, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 29055 in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.

Days on Market for 29055, SC

How long does it take to sell a home in 29055, SC?

Average Sale Time

Sep 2024Oct 2024CHANGE
42 Days53 Days+26.2%

Summary: Homes in 29055 had an average of 53 days on market in Oct 2024, up by 26.2% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 29055 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 29055; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 13 Days Ago

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