Is 29624, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29624 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 29624 was a Seller's Market.

Key Takeaway

29624 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 29624, SC

How much do homes in 29624, SC cost?

Median Sold Price

$165,000

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,000(+13.8%)

Key Takeaway

Homes in 29624 have sold for 13.8% more than they did a year ago.

Summary: The median home sold price in 29624 was $165,000 in November 2024, up 13.8% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $14.7K$48.5K
+229.5%
2 $107K$115K
+7.5%
3 $163.5K$185K
+13.1%
4 $277K$269.9K
-2.6%
5+ $88K$359.4K
+308.4%

Summary: 29624 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 229.5%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 13.1%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 308.4%.

Median Sold Price Compared To Nearby Zip Codes

29684
+27.7%
29624
+13.8%
29625
+5.7%
29621
+3.9%
29626
+2.9%

Housing Supply in 29624, SC

How many homes are available in 29624, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9699+3.1%

Summary: The 29624 real estate market had 99 homes for sale in November 2024, a 3.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 2324
+4.3%
3 5454
0.0%
4 1317
+30.8%
5+ 53
-40.0%

Summary: The 29624 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2112-42.9%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29624, expect to pay close to the asking price. 58.3% of homes here sold near the asking price last month.

Summary: A total of 12 homes were sold or pending in 29624 in November 2024, down by 42.9% month-over-month. Of the 12 sold homes, 42% were sold under asking, 58% were sold at asking, and 0% were sold over asking.

Days on Market for 29624, SC

How long does it take to sell a home in 29624, SC?

Average Sale Time

Nov 2023Nov 2024CHANGE
40 Days86 Days+114.4%

Summary: Homes in 29624 had an average of 86 days on market in Nov 2024, up by 114.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 29624 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 12 homes were sold in 29624; 0% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% 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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