Is 29118, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29118 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 29118 was a Neutral Market.

Key Takeaway

29118 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 29118, SC

How much do homes in 29118, SC cost?

Median Sold Price

$265,000

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$36,000(-12.0%)

Key Takeaway

Homes in 29118 have sold for 12% less than they did a year ago.

Summary: The median home sold price in 29118 was $265,000 in October 2024, down 12% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 -$125K
N/A
3 $250K$257.5K
+3.0%
4 $310K$405K
+30.6%
5+ $445K$320K
-28.1%

Summary: 29118 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 30.6%, and 5+ bedroom homes decreased by 28.1%.

Housing Supply in 29118, SC

How many homes are available in 29118, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6379+25.4%

Summary: The 29118 real estate market had 79 homes for sale in October 2024, a 25.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 4051
+27.5%
4 1720
+17.6%
5+ 67
+16.7%

Summary: The 29118 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 increased by 100%, 3 bedroom homes increased by 27.5%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
04+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29118, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 29118 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for 29118, SC

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

Newest Listings in 29118, SC

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