Is 29307, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29307 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 29307 was a Seller's Market.

Key Takeaway

29307 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 29307, SC

How much do homes in 29307, SC cost?

Median Sold Price

$240,000

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$2,445(-1.0%)

Key Takeaway

Homes in 29307 have sold for 1% less than they did a year ago.

Summary: The median home sold price in 29307 was $240,000 in November 2024, down 1% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $66K$52.5K
-20.5%
2 $155K$168.9K
+9.0%
3 $229.9K$230K
0.0%
4 $337.5K$349.4K
+3.5%
5+ $401.5K$392.5K
-2.2%

Summary: 29307 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.5%, 2 bedroom homes increased by 9%, 3 bedroom homes did not change, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 2.2%.

Housing Supply in 29307, SC

How many homes are available in 29307, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
108118+9.3%

Summary: The 29307 real estate market had 118 homes for sale in November 2024, a 9.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1513
-13.3%
3 4353
+23.3%
4 3742
+13.5%
5+ 129
-25.0%

Summary: The 29307 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2312-47.8%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29307, you may be able to get a good deal. 91.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 29307 in November 2024, down by 47.8% month-over-month. Of the 12 sold homes, 92% were sold under asking, 0% were sold at asking, and 8% were sold over asking.

Days on Market for 29307, SC

How long does it take to sell a home in 29307, SC?

Average Sale Time

Nov 2023Nov 2024CHANGE
13 Days114 Days+723.5%

Summary: Homes in 29307 had an average of 114 days on market in Nov 2024, up by 723.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 29307 has remained consistent over time.

Summary: During November 2024, 12 homes were sold in 29307; 8% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 17 Days Ago

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