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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29407 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 29407 was a Seller's Market.

Key Takeaway

29407 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 29407, SC

How much do homes in 29407, SC cost?

Median Sold Price

$525,625

$339/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$43,879(+9.1%)

Key Takeaway

Homes in 29407 have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in 29407 was $525,625 in October 2024, up 9.1% from last year, and the median price per square foot was $339.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $259.5K$275K
+6.0%
2 $309.2K$355K
+14.8%
3 $466.6K$517.5K
+10.9%
4 $595K$765K
+28.6%
5+ $745K$1.5M
+101.3%

Summary: 29407 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 101.3%.

Median Sold Price Compared To Nearby Zip Codes

29401
+27.7%
29403
+12.0%
29407
+9.1%
29405
+8.1%
29414
+4.2%

Housing Supply in 29407, SC

How many homes are available in 29407, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
137178+29.9%

Summary: The 29407 real estate market had 178 homes for sale in October 2024, a 29.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 1624
+50.0%
3 6175
+23.0%
4 5063
+26.0%
5+ 813
+62.5%

Summary: The 29407 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 23%, 4 bedroom homes increased by 26%, and 5+ bedroom homes increased by 62.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2526+4.0%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 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. 80.8% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 29407 in October 2024, up by 4.0% month-over-month. Of the 26 sold homes, 81% were sold under asking, 12% were sold at asking, and 8% 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 14 Days Ago

Newest Listings in 29407, SC

Nearby Markets to 29407, SC