Is 29607, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29607 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 29607 was a Neutral Market.

Key Takeaway

29607 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 29607, SC

How much do homes in 29607, SC cost?

Median Sold Price

$375,000

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$38,550(+11.5%)

Key Takeaway

Homes in 29607 have sold for 11.5% more than they did a year ago.

Summary: The median home sold price in 29607 was $375,000 in October 2024, up 11.5% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $235K$280K
+19.1%
3 $326.2K$349K
+7.0%
4 $400K$410K
+2.5%
5+ $349.4K$562.4K
+61.0%

Summary: 29607 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.1%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 61%.

Median Sold Price Compared To Nearby Zip Codes

29607
+11.5%
29605
+3.2%

Housing Supply in 29607, SC

How many homes are available in 29607, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
198230+16.2%

Summary: The 29607 real estate market had 230 homes for sale in October 2024, a 16.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1618
+12.5%
3 113132
+16.8%
4 5762
+8.8%
5+ 1218
+50.0%

Summary: The 29607 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 12.5%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3149+58.1%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29607, you may be able to get a good deal. 55.3% of homes here sold below asking price last month.

Summary: A total of 49 homes were sold or pending in 29607 in October 2024, up by 58.1% month-over-month. Of the 47 sold homes, 55% were sold under asking, 28% were sold at asking, and 17% were sold over asking.

Days on Market for 29607, SC

How long does it take to sell a home in 29607, SC?

Average Sale Time

Oct 2023Oct 2024CHANGE
55 Days29 Days-47.6%

Summary: Homes in 29607 had an average of 29 days on market in Oct 2024, down by 47.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 29607 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 49 homes were sold in 29607; 6% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% 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

Newest Listings in 29607, SC

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