Is 29385, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29385 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 29385 was a Buyer's Market.

Key Takeaway

29385 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 29385, SC

How much do homes in 29385, SC cost?

Median Sold Price

$279,999

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$26,049(+10.3%)

Key Takeaway

Homes in 29385 have sold for 10.3% more than they did a year ago.

Summary: The median home sold price in 29385 was $279,999 in November 2024, up 10.3% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$163K
N/A
2 $184.4K$149K
-19.2%
3 $268K$274.9K
+2.6%
4 $352.8K$379.9K
+7.7%
5+ -$237K
N/A

Summary: 29385 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.2%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

29385
+10.3%
29301
+9.4%
29365
0.0%
29334
-8.0%

Housing Supply in 29385, SC

How many homes are available in 29385, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8377-7.2%

Summary: The 29385 real estate market had 77 homes for sale in November 2024, a 7.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 46
+50.0%
3 4340
-7.0%
4 3228
-12.5%
5+ 43
-25.0%

Summary: The 29385 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 increased by 50%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1721+23.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29385, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 29385 in November 2024, up by 23.5% month-over-month. Of the 20 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.

Days on Market for 29385, SC

How long does it take to sell a home in 29385, SC?

Average Sale Time

Nov 2023Nov 2024CHANGE
347 Days27 Days-92.0%

Summary: Homes in 29385 had an average of 27 days on market in Nov 2024, down by 92% compared to last year.

Breakdown of Home Sale Times

9 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 29385 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 21 homes were sold in 29385; 43% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% 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 22 Days Ago

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