Is 29438, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29438 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 29438 was a Seller's Market.

Key Takeaway

29438 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 29438, SC

How much do homes in 29438, SC cost?

Median Sold Price

$848,000

$511/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$178,000(+26.6%)

Key Takeaway

Homes in 29438 have sold for 26.6% more than they did a year ago.

Summary: The median home sold price in 29438 was $848,000 in November 2024, up 26.6% from last year, and the median price per square foot was $511.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $224.9K$293.9K
+30.7%
2 $375K$437.4K
+16.7%
3 $620K$650K
+4.8%
4 $895K$1.2M
+40.3%
5+ $1.8M$1.8M
-2.8%

Summary: 29438 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.7%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 40.3%, and 5+ bedroom homes decreased by 2.8%.

Median Sold Price Compared To Nearby Zip Codes

29487
+37.7%
29438
+26.6%
29455
+3.2%
29449
-0.9%

Housing Supply in 29438, SC

How many homes are available in 29438, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6366+4.8%

Summary: The 29438 real estate market had 66 homes for sale in November 2024, a 4.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 1615
-6.3%
3 1215
+25.0%
4 2225
+13.6%
5+ 109
-10.0%

Summary: The 29438 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
910+11.1%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29438, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 29438 in November 2024, up by 11.1% month-over-month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.

Days on Market for 29438, 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 29438, SC

Nearby Markets to 29438, SC