Is 29568, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29568 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 29568 was a Buyer's Market.

Key Takeaway

29568 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 29568, SC

How much do homes in 29568, SC cost?

Median Sold Price

$301,955

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$6,955(+2.4%)

Key Takeaway

Homes in 29568 have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in 29568 was $301,955 in November 2024, up 2.4% from last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $123.5K$117K
-5.3%
2 $175K$175K
0.0%
3 $289.9K$295.2K
+1.8%
4 $349.9K$367K
+4.9%
5+ $373.4K$409.2K
+9.6%

Summary: 29568 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.3%, 2 bedroom homes did not change, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 9.6%.

Median Sold Price Compared To Nearby Zip Codes

28467
+7.6%
29582
+3.6%
29569
+2.6%
29568
+2.4%
29566
-1.1%

Housing Supply in 29568, SC

How many homes are available in 29568, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
197194-1.5%

Summary: The 29568 real estate market had 194 homes for sale in November 2024, a 1.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 1820
+11.1%
3 132132
0.0%
4 3835
-7.9%
5+ 76
-14.3%

Summary: The 29568 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3230-6.3%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29568, you may be able to get a good deal. 63.3% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in 29568 in November 2024, down by 6.3% month-over-month. Of the 30 sold homes, 63% were sold under asking, 27% were sold at asking, and 10% were sold over asking.

Days on Market for 29568, SC

How long does it take to sell a home in 29568, SC?

Average Sale Time

Nov 2023Nov 2024CHANGE
130 Days173 Days+32.9%

Summary: Homes in 29568 had an average of 173 days on market in Nov 2024, up by 32.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

24 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 29568 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 30 homes were sold in 29568; 0% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 80% 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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