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 4 Days Ago

Newest Listings in 29607, SC

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