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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29566 is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

29566 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 29566, SC

How much do homes in 29566, SC cost?

Median Sold Price

$310,000

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$6,724(-2.1%)

Key Takeaway

Homes in 29566 have sold for 2.1% less than they did a year ago.

Summary: The median home sold price in 29566 was $310,000 in October 2024, down 2.1% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $131.7K$129K
-2.1%
2 $205K$197K
-3.9%
3 $332.7K$332.2K
-0.2%
4 $438.6K$398.9K
-9.0%
5+ $475.5K$423K
-11.0%

Summary: 29566 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes decreased by 11%.

Median Sold Price Compared To Nearby Zip Codes

28463
+29.4%
29582
+4.4%
28467
+3.6%
29568
0.1%
29566
-2.1%

Housing Supply in 29566, SC

How many homes are available in 29566, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
461484+5.0%

Summary: The 29566 real estate market had 484 homes for sale in October 2024, a 5.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2528
+12.0%
2 130134
+3.1%
3 241251
+4.1%
4 4953
+8.2%
5+ 1618
+12.5%

Summary: The 29566 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5675+33.9%

Asking Price vs. Sold Price

55 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

2 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 75 homes were sold or pending in 29566 in October 2024, up by 33.9% month-over-month. Of the 75 sold homes, 73% were sold under asking, 24% were sold at asking, and 3% 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

Oct 2023Oct 2024CHANGE
100 Days118 Days+18.0%

Summary: Homes in 29566 had an average of 118 days on market in Oct 2024, up by 18% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

42 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 29566 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 75 homes were sold in 29566; 8% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 56% 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

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