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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29440 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 29440 was a Seller's Market.

Key Takeaway

29440 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 29440, SC

How much do homes in 29440, SC cost?

Median Sold Price

$387,750

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$46,070(+13.5%)

Key Takeaway

Homes in 29440 have sold for 13.5% more than they did a year ago.

Summary: The median home sold price in 29440 was $387,750 in November 2024, up 13.5% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$170K
N/A
2 $228.9K$237.4K
+3.7%
3 $294K$358.3K
+21.9%
4 $379.5K$466.4K
+22.9%
5+ $1.3M$1.6M
+21.6%

Summary: 29440 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 21.9%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes increased by 21.6%.

Median Sold Price Compared To Nearby Zip Codes

29554
+25.0%
29440
+13.5%
29585
+7.3%
29576
-2.3%

Housing Supply in 29440, SC

How many homes are available in 29440, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
177165-6.8%

Summary: The 29440 real estate market had 165 homes for sale in November 2024, a 6.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 711
+57.1%
3 9085
-5.6%
4 5749
-14.0%
5+ 2320
-13.0%

Summary: The 29440 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 57.1%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 14%, and 5+ bedroom homes decreased by 13%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3719-48.6%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

2 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. 47.4% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 29440 in November 2024, down by 48.6% month-over-month. Of the 19 sold homes, 47% were sold under asking, 42% were sold at asking, and 11% 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

Nov 2023Nov 2024CHANGE
92 Days130 Days+41.8%

Summary: Homes in 29440 had an average of 130 days on market in Nov 2024, up by 41.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

8 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 November 2024, 19 homes were sold in 29440; 0% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 42% 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 24 Days Ago

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