Is 29687, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29687 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 29687 was a Buyer's Market.

Key Takeaway

29687 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 29687, SC

How much do homes in 29687, SC cost?

Median Sold Price

$349,966

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$48,966(+16.3%)

Key Takeaway

Homes in 29687 have sold for 16.3% more than they did a year ago.

Summary: The median home sold price in 29687 was $349,966 in October 2024, up 16.3% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $252.5K$230K
-8.9%
3 $267K$315K
+18.0%
4 $430K$415.7K
-3.3%
5+ $405K$492.4K
+21.6%

Summary: 29687 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 decreased by 8.9%, 3 bedroom homes increased by 18%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 21.6%.

Median Sold Price Compared To Nearby Zip Codes

29687
+16.3%
29651
+10.8%
29650
+3.5%

Housing Supply in 29687, SC

How many homes are available in 29687, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
221236+6.8%

Summary: The 29687 real estate market had 236 homes for sale in October 2024, a 6.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1716
-5.9%
3 125139
+11.2%
4 5762
+8.8%
5+ 2219
-13.6%

Summary: The 29687 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 5.9%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 13.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
49490.0%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29687, you may be able to get a good deal. 64.9% of homes here sold below asking price last month.

Summary: A total of 49 homes were sold or pending in 29687 in October 2024, the same as the previous month. Of the 37 sold homes, 65% were sold under asking, 22% were sold at asking, and 14% were sold over asking.

Days on Market for 29687, SC

How long does it take to sell a home in 29687, SC?

Average Sale Time

Oct 2023Oct 2024CHANGE
33 Days15 Days-53.9%

Summary: Homes in 29687 had an average of 15 days on market in Oct 2024, down by 53.9% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 29687 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 49 homes were sold in 29687; 16% of homes were sold within 30 days, 2% 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 4 Days Ago

Newest Listings in 29687, SC

Nearby Markets to 29687, SC