Is 29697, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29697 is a neutral's market

Buyer's
Market

Difference Since October 2023

Since last year, 29697 has remained a Neutral Market.

Key Takeaway

29697 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 29697, SC

How much do homes in 29697, SC cost?

Median Sold Price

$265,245

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,295(+2.0%)

Key Takeaway

Homes in 29697 have sold for 2% more than they did a year ago.

Summary: The median home sold price in 29697 was $265,245 in October 2024, up 2% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $190.5K$197K
+3.4%
3 $258K$262K
+1.6%
4 $320.5K$310K
-3.3%
5+ $575K$530K
-7.8%

Summary: 29697 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 3.4%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 7.8%.

Median Sold Price Compared To Nearby Zip Codes

29669
+25.7%
29627
+12.6%
29621
+3.4%
29697
+2.0%
29673
-0.7%

Housing Supply in 29697, SC

How many homes are available in 29697, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7375+2.7%

Summary: The 29697 real estate market had 75 homes for sale in October 2024, a 2.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 3432
-5.9%
4 2933
+13.8%
5+ 78
+14.3%

Summary: The 29697 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 33.3%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1612-25.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29697, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 29697 in October 2024, down by 25.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for 29697, SC

How long does it take to sell a home in 29697, SC?

Average Sale Time

Oct 2023Oct 2024CHANGE
33 Days25 Days-24.7%

Summary: Homes in 29697 had an average of 25 days on market in Oct 2024, down by 24.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 29697 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 12 homes were sold in 29697; 25% of homes were sold within 30 days, 17% 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 22 Days Ago

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