Is 29572, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29572 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 29572 was a Seller's Market.

Key Takeaway

29572 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 29572, SC

How much do homes in 29572, SC cost?

Median Sold Price

$348,900

$296/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$48,902(+16.3%)

Key Takeaway

Homes in 29572 have sold for 16.3% more than they did a year ago.

Summary: The median home sold price in 29572 was $348,900 in November 2024, up 16.3% from last year, and the median price per square foot was $296.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $187.7K$184.4K
-1.8%
2 $277.4K$290K
+4.5%
3 $479.9K$471K
-1.9%
4 $715.6K$770.5K
+7.7%
5+ $1.3M$950K
-26.9%

Summary: 29572 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 26.9%.

Median Sold Price Compared To Nearby Zip Codes

29572
+16.3%
29582
+3.6%
29526
+2.8%
29579
0.0%
29577
-3.0%

Housing Supply in 29572, SC

How many homes are available in 29572, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5655660.2%

Summary: The 29572 real estate market had 566 homes for sale in November 2024, a 0.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 132132
0.0%
2 222227
+2.3%
3 149147
-1.3%
4 4343
0.0%
5+ 1917
-10.5%

Summary: The 29572 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 2.3%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 10.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6642-36.4%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29572, you may be able to get a good deal. 78.6% of homes here sold below asking price last month.

Summary: A total of 42 homes were sold or pending in 29572 in November 2024, down by 36.4% month-over-month. Of the 42 sold homes, 79% were sold under asking, 14% were sold at asking, and 7% were sold over asking.

Days on Market for 29572, SC

How long does it take to sell a home in 29572, SC?

Average Sale Time

Nov 2023Nov 2024CHANGE
103 Days140 Days+36.0%

Summary: Homes in 29572 had an average of 140 days on market in Nov 2024, up by 36% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

28 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 29572 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 42 homes were sold in 29572; 2% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 67% 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 2 Days Ago

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