Is 29316, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29316 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 29316 has remained a Seller's Market.

Key Takeaway

29316 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 29316, SC

How much do homes in 29316, SC cost?

Median Sold Price

$289,950

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$14,983(+5.4%)

Key Takeaway

Homes in 29316 have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in 29316 was $289,950 in October 2024, up 5.4% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $161K$205.7K
+27.8%
3 $261.5K$260K
-0.6%
4 $305K$319.7K
+4.8%
5+ $350K$399.9K
+14.3%

Summary: 29316 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 increased by 27.8%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 14.3%.

Median Sold Price Compared To Nearby Zip Codes

29323
+18.6%
29303
+8.0%
29316
+5.4%
29349
+4.2%

Housing Supply in 29316, SC

How many homes are available in 29316, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
278291+4.7%

Summary: The 29316 real estate market had 291 homes for sale in October 2024, a 4.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 96
-33.3%
3 134147
+9.7%
4 107110
+2.8%
5+ 2828
0.0%

Summary: The 29316 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 decreased by 33.3%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4053+32.5%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

26 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29316, expect to pay close to the asking price. 56.5% of homes here sold near the asking price last month.

Summary: A total of 53 homes were sold or pending in 29316 in October 2024, up by 32.5% month-over-month. Of the 46 sold homes, 28% were sold under asking, 57% were sold at asking, and 15% were sold over asking.

Days on Market for 29316, SC

How long does it take to sell a home in 29316, SC?

Average Sale Time

Oct 2023Oct 2024CHANGE
40 Days46 Days+14.3%

Summary: Homes in 29316 had an average of 46 days on market in Oct 2024, up by 14.3% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 29316 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 53 homes were sold in 29316; 28% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 11% 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 4 Days Ago

Newest Listings in 29316, SC

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