Is 29579, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29579 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 29579 was a Seller's Market.

Key Takeaway

29579 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 29579, SC

How much do homes in 29579, SC cost?

Median Sold Price

$341,650

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$3,349(-1.0%)

Key Takeaway

Homes in 29579 have sold for 1% less than they did a year ago.

Summary: The median home sold price in 29579 was $341,650 in October 2024, down 1% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $133K$127.5K
-4.1%
2 $200K$188.7K
-5.6%
3 $310.1K$309.9K
-0.1%
4 $504.6K$483.3K
-4.2%
5+ $558.2K$714.9K
+28.1%

Summary: 29579 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.1%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 28.1%.

Median Sold Price Compared To Nearby Zip Codes

29572
+11.2%
29588
+3.4%
29526
+2.5%
29579
-1.0%
29577
-4.5%

Housing Supply in 29579, SC

How many homes are available in 29579, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
681707+3.8%

Summary: The 29579 real estate market had 707 homes for sale in October 2024, a 3.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 77
0.0%
2 121123
+1.7%
3 306325
+6.2%
4 176182
+3.4%
5+ 7170
-1.4%

Summary: The 29579 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 1.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
10991-16.5%

Asking Price vs. Sold Price

69 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29579, you may be able to get a good deal. 75.8% of homes here sold below asking price last month.

Summary: A total of 91 homes were sold or pending in 29579 in October 2024, down by 16.5% month-over-month. Of the 91 sold homes, 76% were sold under asking, 21% were sold at asking, and 3% were sold over asking.

Days on Market for 29579, SC

How long does it take to sell a home in 29579, SC?

Average Sale Time

Oct 2023Oct 2024CHANGE
128 Days109 Days-15.0%

Summary: Homes in 29579 had an average of 109 days on market in Oct 2024, down by 15% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

44 Homes Were Sold
In 30 - 90 Days

43 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 29579 has remained consistent over time.

Summary: During October 2024, 91 homes were sold in 29579; 4% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 47% 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 14 Days Ago

Newest Listings in 29579, SC

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