Is 29582, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29582 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 29582 was a Seller's Market.

Key Takeaway

29582 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 29582, SC

How much do homes in 29582, SC cost?

Median Sold Price

$405,825

$300/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$17,203(+4.4%)

Key Takeaway

Homes in 29582 have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in 29582 was $405,825 in October 2024, up 4.4% from last year, and the median price per square foot was $300.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $238.8K$210.5K
-11.9%
2 $275K$275K
0.0%
3 $449.9K$465K
+3.3%
4 $605K$672.5K
+11.2%
5+ $884.9K$894.2K
+1.1%

Summary: 29582 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.9%, 2 bedroom homes did not change, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 1.1%.

Median Sold Price Compared To Nearby Zip Codes

29572
+11.2%
29582
+4.4%
28467
+3.6%
29568
0.1%
29566
-2.1%

Housing Supply in 29582, SC

How many homes are available in 29582, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
938966+3.0%

Summary: The 29582 real estate market had 966 homes for sale in October 2024, a 3.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 98101
+3.1%
2 311325
+4.5%
3 329329
0.0%
4 131138
+5.3%
5+ 6973
+5.8%

Summary: The 29582 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 4.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 5.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
107118+10.3%

Asking Price vs. Sold Price

102 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29582, you may be able to get a good deal. 86.4% of homes here sold below asking price last month.

Summary: A total of 118 homes were sold or pending in 29582 in October 2024, up by 10.3% month-over-month. Of the 118 sold homes, 86% were sold under asking, 13% were sold at asking, and 1% were sold over asking.

Days on Market for 29582, SC

How long does it take to sell a home in 29582, SC?

Average Sale Time

Oct 2023Oct 2024CHANGE
72 Days106 Days+47.2%

Summary: Homes in 29582 had an average of 106 days on market in Oct 2024, up by 47.2% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

55 Homes Were Sold
In 30 - 90 Days

57 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 29582 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 118 homes were sold in 29582; 5% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 48% 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 22 Days Ago

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