Is 29651, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29651 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 29651 was a Neutral Market.

Key Takeaway

29651 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 29651, SC

How much do homes in 29651, SC cost?

Median Sold Price

$359,966

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$34,966(+10.8%)

Key Takeaway

Homes in 29651 have sold for 10.8% more than they did a year ago.

Summary: The median home sold price in 29651 was $359,966 in October 2024, up 10.8% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$650K
N/A
2 $219.9K$230K
+4.6%
3 $272.4K$279K
+2.4%
4 $365K$395K
+8.2%
5+ $458.4K$454.9K
-0.8%

Summary: 29651 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 4.6%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes decreased by 0.8%.

Median Sold Price Compared To Nearby Zip Codes

29687
+16.3%
29651
+10.8%
29650
+3.5%
29365
0%
29334
-7.2%

Housing Supply in 29651, SC

How many homes are available in 29651, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
323329+1.9%

Summary: The 29651 real estate market had 329 homes for sale in October 2024, a 1.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 99
0.0%
3 169168
-0.6%
4 9499
+5.3%
5+ 5153
+3.9%

Summary: The 29651 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 remained the same, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 3.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6156-8.2%

Asking Price vs. Sold Price

40 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29651, you may be able to get a good deal. 74.1% of homes here sold below asking price last month.

Summary: A total of 56 homes were sold or pending in 29651 in October 2024, down by 8.2% month-over-month. Of the 54 sold homes, 74% were sold under asking, 15% were sold at asking, and 11% were sold over asking.

Days on Market for 29651, SC

How long does it take to sell a home in 29651, SC?

Average Sale Time

Oct 2023Oct 2024CHANGE
69 Days26 Days-61.1%

Summary: Homes in 29651 had an average of 26 days on market in Oct 2024, down by 61.1% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 29651 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 56 homes were sold in 29651; 14% of homes were sold within 30 days, 9% 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 21 Days Ago

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