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 October 2023

Since last year, 29385 has remained a Seller'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

$280,000

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,000(+12.0%)

Key Takeaway

Homes in 29385 have sold for 12% more than they did a year ago.

Summary: The median home sold price in 29385 was $280,000 in October 2024, up 12% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$163K
N/A
2 $173.9K$149K
-14.3%
3 $259.5K$274.9K
+5.9%
4 $342K$340K
-0.6%
5+ -$237K
N/A

Summary: 29385 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 decreased by 14.3%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

29385
+12.0%
29301
+8.5%
29365
0%
29334
-7.2%

Housing Supply in 29385, SC

How many homes are available in 29385, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6684+27.3%

Summary: The 29385 real estate market had 84 homes for sale in October 2024, a 27.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 3240
+25.0%
4 2836
+28.6%
5+ 24
+100.0%

Summary: The 29385 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
316+433.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 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. 56.3% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 29385 in October 2024, up by 433.3% month-over-month. Of the 16 sold homes, 56% were sold under asking, 31% were sold at asking, and 13% 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

Oct 2023Oct 2024CHANGE
4 Days67 Days+1588.9%

Summary: Homes in 29385 had an average of 67 days on market in Oct 2024, up by 1588.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 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 October 2024, 16 homes were sold in 29385; 25% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 25% 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 29385, SC

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