Is 29631, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29631 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 29631 was a Seller's Market.

Key Takeaway

29631 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 29631, SC

How much do homes in 29631, SC cost?

Median Sold Price

$435,000

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$81,500(+23.1%)

Key Takeaway

Homes in 29631 have sold for 23.1% more than they did a year ago.

Summary: The median home sold price in 29631 was $435,000 in November 2024, up 23.1% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $287K-
N/A
2 $186.7K$275K
+47.3%
3 $360K$452K
+25.6%
4 $350K$442.7K
+26.5%
5+ $669.9K$705K
+5.2%

Summary: 29631 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 47.3%, 3 bedroom homes increased by 25.6%, 4 bedroom homes increased by 26.5%, and 5+ bedroom homes increased by 5.2%.

Median Sold Price Compared To Nearby Zip Codes

29631
+23.1%
29678
+18.3%
29630
+6.0%
29670
-1.3%

Housing Supply in 29631, SC

How many homes are available in 29631, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8880-9.1%

Summary: The 29631 real estate market had 80 homes for sale in November 2024, a 9.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1315
+15.4%
3 3326
-21.2%
4 3332
-3.0%
5+ 97
-22.2%

Summary: The 29631 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 15.4%, 3 bedroom homes decreased by 21.2%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2212-45.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29631, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 29631 in November 2024, down by 45.5% month-over-month. Of the 12 sold homes, 42% were sold under asking, 33% were sold at asking, and 25% were sold over asking.

Days on Market for 29631, SC

How long does it take to sell a home in 29631, SC?

Average Sale Time

Nov 2023Nov 2024CHANGE
39 Days114 Days+189.4%

Summary: Homes in 29631 had an average of 114 days on market in Nov 2024, up by 189.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 29631 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 12 homes were sold in 29631; 42% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 17 Days Ago

Newest Listings in 29631, SC

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