Is 29640, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29640 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 29640 has remained a Seller's Market.

Key Takeaway

29640 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 29640, SC

How much do homes in 29640, SC cost?

Median Sold Price

$275,000

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$11,745(-4.1%)

Key Takeaway

Homes in 29640 have sold for 4.1% less than they did a year ago.

Summary: The median home sold price in 29640 was $275,000 in November 2024, down 4.1% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $256.2K$192K
-25.1%
2 $182.5K$199K
+9.0%
3 $256.5K$268K
+4.5%
4 $299.9K$372.4K
+24.2%
5+ $303.9K$367K
+20.7%

Summary: 29640 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.1%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes increased by 20.7%.

Median Sold Price Compared To Nearby Zip Codes

29671
+12.4%
29642
+6.3%
29611
-0.4%
29640
-4.1%

Housing Supply in 29640, SC

How many homes are available in 29640, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
151167+10.6%

Summary: The 29640 real estate market had 167 homes for sale in November 2024, a 10.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 1319
+46.2%
3 8692
+7.0%
4 3236
+12.5%
5+ 1717
0.0%

Summary: The 29640 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 46.2%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2538+52.0%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29640, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in 29640 in November 2024, up by 52.0% month-over-month. Of the 38 sold homes, 58% were sold under asking, 29% were sold at asking, and 13% were sold over asking.

Days on Market for 29640, SC

How long does it take to sell a home in 29640, SC?

Average Sale Time

Nov 2023Nov 2024CHANGE
107 Days33 Days-69.1%

Summary: Homes in 29640 had an average of 33 days on market in Nov 2024, down by 69.1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 29640 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 38 homes were sold in 29640; 16% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% 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

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