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 13 Days Ago

Newest Listings in 29697, SC

Nearby Markets to 29697, SC