Is 29577, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29577 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 29577 was a Seller's Market.

Key Takeaway

29577 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 29577, SC

How much do homes in 29577, SC cost?

Median Sold Price

$275,000

$248/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$12,897(-4.5%)

Key Takeaway

Homes in 29577 have sold for 4.5% less than they did a year ago.

Summary: The median home sold price in 29577 was $275,000 in October 2024, down 4.5% from last year, and the median price per square foot was $248.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $180K$179.5K
-0.3%
2 $247K$245.5K
-0.6%
3 $397K$378.1K
-4.8%
4 $554.4K$510K
-8.0%
5+ $562.5K$734.9K
+30.6%

Summary: 29577 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.3%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 30.6%.

Median Sold Price Compared To Nearby Zip Codes

29575
+13.4%
29572
+11.2%
29588
+3.4%
29579
-1.0%
29577
-4.5%

Housing Supply in 29577, SC

How many homes are available in 29577, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
811844+4.1%

Summary: The 29577 real estate market had 844 homes for sale in October 2024, a 4.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 257261
+1.6%
2 243253
+4.1%
3 231240
+3.9%
4 5662
+10.7%
5+ 2428
+16.7%

Summary: The 29577 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
91101+11.0%

Asking Price vs. Sold Price

78 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29577, you may be able to get a good deal. 77.2% of homes here sold below asking price last month.

Summary: A total of 101 homes were sold or pending in 29577 in October 2024, up by 11.0% month-over-month. Of the 101 sold homes, 77% were sold under asking, 17% were sold at asking, and 6% were sold over asking.

Days on Market for 29577, SC

How long does it take to sell a home in 29577, SC?

Average Sale Time

Oct 2023Oct 2024CHANGE
95 Days106 Days+11.6%

Summary: Homes in 29577 had an average of 106 days on market in Oct 2024, up by 11.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

53 Homes Were Sold
In 30 - 90 Days

44 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 29577 has remained consistent over time.

Summary: During October 2024, 101 homes were sold in 29577; 4% of homes were sold within 30 days, 52% 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 20 Days Ago

Newest Listings in 29577, SC

Nearby Markets to 29577, SC