Is 29388, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29388 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 29388 has remained a Buyer's Market.

Key Takeaway

29388 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 29388, SC

How much do homes in 29388, SC cost?

Median Sold Price

$284,900

$166/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since October 2023.

Key Takeaway

The sold price of homes in 29388 has remained the same since last year.

Summary: The median home sold price in 29388 was $284,900 in October 2024, the same as last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $115K-
N/A
2 $167.4K$161.5K
-3.6%
3 $270K$265K
-1.9%
4 $318.4K$309.9K
-2.7%
5+ $397.5K$356.4K
-10.3%

Summary: 29388 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 3.6%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 10.3%.

Median Sold Price Compared To Nearby Zip Codes

29681
+6.4%
29369
+1.7%
29388
0.0%
29376
-2.1%

Housing Supply in 29388, SC

How many homes are available in 29388, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
176156-11.4%

Summary: The 29388 real estate market had 156 homes for sale in October 2024, a 11.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1412
-14.3%
3 5549
-10.9%
4 8677
-10.5%
5+ 2118
-14.3%

Summary: The 29388 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 14.3%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3921-46.2%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29388, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 29388 in October 2024, down by 46.2% month-over-month. Of the 20 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.

Days on Market for 29388, SC

How long does it take to sell a home in 29388, SC?

Average Sale Time

Oct 2023Oct 2024CHANGE
61 Days49 Days-19.2%

Summary: Homes in 29388 had an average of 49 days on market in Oct 2024, down by 19.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 29388 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 21 homes were sold in 29388; 19% of homes were sold within 30 days, 14% 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 4 Days Ago

Newest Listings in 29388, SC

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