Is 29340, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29340 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 29340 was a Seller's Market.

Key Takeaway

29340 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 29340, SC

How much do homes in 29340, SC cost?

Median Sold Price

$210,000

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,000(+13.5%)

Key Takeaway

Homes in 29340 have sold for 13.5% more than they did a year ago.

Summary: The median home sold price in 29340 was $210,000 in October 2024, up 13.5% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $129K$160K
+24.0%
3 $189.9K$208.7K
+9.9%
4 $252.4K$260K
+3.0%
5+ $349K$342.5K
-1.9%

Summary: 29340 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 24%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 1.9%.

Median Sold Price Compared To Nearby Zip Codes

29340
+13.5%
29341
-5.3%
29717
-9.4%
29353
-28.2%

Housing Supply in 29340, SC

How many homes are available in 29340, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9288-4.3%

Summary: The 29340 real estate market had 88 homes for sale in October 2024, a 4.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 1514
-6.7%
3 4850
+4.2%
4 1611
-31.3%
5+ 1111
0.0%

Summary: The 29340 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 6.7%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
911+22.2%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29340, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 29340 in October 2024, up by 22.2% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.

Days on Market for 29340, SC

How long does it take to sell a home in 29340, SC?

Average Sale Time

Oct 2023Oct 2024CHANGE
11 Days49 Days+337.7%

Summary: Homes in 29340 had an average of 49 days on market in Oct 2024, up by 337.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were 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

Many homes in 29340 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 11 homes were sold in 29340; 55% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% 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 14 Days Ago

Newest Listings in 29340, SC

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