Is 29685, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29685 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 29685 was a Buyer's Market.

Key Takeaway

29685 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 29685, SC

How much do homes in 29685, SC cost?

Median Sold Price

$1,732,500

$454/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$52,500(+3.1%)

Key Takeaway

Homes in 29685 have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in 29685 was $1,732,500 in October 2024, up 3.1% from last year, and the median price per square foot was $454.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $205K-
N/A
2 $285K$899K
+215.4%
3 $850K$951K
+11.9%
4 $1.5M$3.1M
+93.9%
5+ $2.7M$2.9M
+5.7%

Summary: 29685 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 215.4%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 93.9%, and 5+ bedroom homes increased by 5.7%.

Median Sold Price Compared To Nearby Zip Codes

29682
+31.4%
29671
+12.4%
29685
+3.1%
29676
-5.3%

Housing Supply in 29685, SC

How many homes are available in 29685, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4746-2.1%

Summary: The 29685 real estate market had 46 homes for sale in October 2024, a 2.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 20
-100.0%
3 1312
-7.7%
4 1515
0.0%
5+ 1719
+11.8%

Summary: The 29685 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 decreased by 100%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
770.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29685, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 29685 in October 2024, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.

Days on Market for 29685, SC

How long does it take to sell a home in 29685, SC?

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days75 Days+241.8%

Summary: Homes in 29685 had an average of 75 days on market in Oct 2024, up by 241.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 29685 has remained consistent over time.

Summary: During October 2024, 7 homes were sold in 29685; 0% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% 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 14 Days Ago

Newest Listings in 29685, SC

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