Is 29407, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29407 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 29407 has remained a Seller's Market.

Key Takeaway

29407 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 29407, SC

How much do homes in 29407, SC cost?

Median Sold Price

$525,000

$339/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$37,566(+7.7%)

Key Takeaway

Homes in 29407 have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in 29407 was $525,000 in November 2024, up 7.7% from last year, and the median price per square foot was $339.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $264K$275K
+4.2%
2 $310K$355K
+14.5%
3 $468.3K$515K
+10.0%
4 $606.2K$755K
+24.5%
5+ $782.5K$1.5M
+91.7%

Summary: 29407 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 24.5%, and 5+ bedroom homes increased by 91.7%.

Median Sold Price Compared To Nearby Zip Codes

29401
+27.2%
29403
+13.1%
29405
+10.7%
29407
+7.7%
29414
+5.1%

Housing Supply in 29407, SC

How many homes are available in 29407, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
165183+10.9%

Summary: The 29407 real estate market had 183 homes for sale in November 2024, a 10.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 35
+66.7%
2 2221
-4.5%
3 6884
+23.5%
4 6260
-3.2%
5+ 1013
+30.0%

Summary: The 29407 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 23.5%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 30%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2732+18.5%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29407, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in 29407 in November 2024, up by 18.5% month-over-month. Of the 32 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.

Days on Market for 29407, SC

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in 29407, SC

Nearby Markets to 29407, SC