Is 29706, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29706 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 29706 was a Seller's Market.

Key Takeaway

29706 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 29706, SC

How much do homes in 29706, SC cost?

Median Sold Price

$219,900

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,400(+16.0%)

Key Takeaway

Homes in 29706 have sold for 16% more than they did a year ago.

Summary: The median home sold price in 29706 was $219,900 in October 2024, up 16% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $29.9K$35K
+17.1%
2 $125.1K$134K
+7.1%
3 $202.2K$228K
+12.7%
4 $272.5K$220K
-19.3%
5+ $245K$210K
-14.3%

Summary: 29706 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.1%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 12.7%, 4 bedroom homes decreased by 19.3%, and 5+ bedroom homes decreased by 14.3%.

Housing Supply in 29706, SC

How many homes are available in 29706, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7873-6.4%

Summary: The 29706 real estate market had 73 homes for sale in October 2024, a 6.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 1612
-25.0%
3 5146
-9.8%
4 59
+80.0%
5+ 33
0.0%

Summary: The 29706 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 25%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes increased by 80%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
248-66.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29706, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 29706 in October 2024, down by 66.7% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for 29706, SC

How long does it take to sell a home in 29706, SC?

Average Sale Time

Oct 2023Oct 2024CHANGE
52 Days78 Days+49.3%

Summary: Homes in 29706 had an average of 78 days on market in Oct 2024, up by 49.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 29706 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 8 homes were sold in 29706; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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

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