Is 29566, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29566 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 29566 was a Seller's Market.

Key Takeaway

29566 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 29566, SC

How much do homes in 29566, SC cost?

Median Sold Price

$310,000

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$3,400(-1.1%)

Key Takeaway

Homes in 29566 have sold for 1.1% less than they did a year ago.

Summary: The median home sold price in 29566 was $310,000 in November 2024, down 1.1% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $132.5K$125K
-5.7%
2 $205K$193K
-5.9%
3 $329.9K$339.5K
+2.9%
4 $438.6K$390K
-11.1%
5+ $479K$418.9K
-12.5%

Summary: 29566 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.7%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 12.5%.

Median Sold Price Compared To Nearby Zip Codes

28467
+7.6%
29582
+3.6%
29568
+2.4%
29566
-1.1%

Housing Supply in 29566, SC

How many homes are available in 29566, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
469434-7.5%

Summary: The 29566 real estate market had 434 homes for sale in November 2024, a 7.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2723
-14.8%
2 128116
-9.4%
3 245231
-5.7%
4 5248
-7.7%
5+ 1716
-5.9%

Summary: The 29566 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.8%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 5.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
8545-47.1%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29566, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.

Summary: A total of 45 homes were sold or pending in 29566 in November 2024, down by 47.1% month-over-month. Of the 45 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% were sold over asking.

Days on Market for 29566, SC

How long does it take to sell a home in 29566, SC?

Average Sale Time

Nov 2023Nov 2024CHANGE
102 Days113 Days+10.4%

Summary: Homes in 29566 had an average of 113 days on market in Nov 2024, up by 10.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 29566 has remained consistent over time.

Summary: During November 2024, 45 homes were sold in 29566; 4% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 44% 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 17 Days Ago

Newest Listings in 29566, SC

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