Is 29440, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29440 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 29440 has remained a Seller's Market.

Key Takeaway

29440 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 29440, SC

How much do homes in 29440, SC cost?

Median Sold Price

$379,745

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$39,428(+11.6%)

Key Takeaway

Homes in 29440 have sold for 11.6% more than they did a year ago.

Summary: The median home sold price in 29440 was $379,745 in October 2024, up 11.6% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$170K
N/A
2 $228.9K$200K
-12.6%
3 $300K$350K
+16.7%
4 $378K$461.5K
+22.1%
5+ $1.3M$1.8M
+37.9%

Summary: 29440 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 12.6%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes increased by 37.9%.

Median Sold Price Compared To Nearby Zip Codes

29510
+12.7%
29440
+11.6%
29585
+5.2%
29576
-0.9%

Housing Supply in 29440, SC

How many homes are available in 29440, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
160172+7.5%

Summary: The 29440 real estate market had 172 homes for sale in October 2024, a 7.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 88
0.0%
3 7886
+10.3%
4 5456
+3.7%
5+ 2022
+10.0%

Summary: The 29440 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 10.3%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1532+113.3%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29440, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in 29440 in October 2024, up by 113.3% month-over-month. Of the 32 sold homes, 56% were sold under asking, 31% were sold at asking, and 13% were sold over asking.

Days on Market for 29440, SC

How long does it take to sell a home in 29440, SC?

Average Sale Time

Oct 2023Oct 2024CHANGE
107 Days189 Days+76.0%

Summary: Homes in 29440 had an average of 189 days on market in Oct 2024, up by 76% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 29440 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 32 homes were sold in 29440; 0% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 53% 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 22 Days Ago

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