Is 29720, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29720 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 29720 has remained a Seller's Market.

Key Takeaway

29720 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 29720, SC

How much do homes in 29720, SC cost?

Median Sold Price

$312,250

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,000(+4.0%)

Key Takeaway

Homes in 29720 have sold for 4% more than they did a year ago.

Summary: The median home sold price in 29720 was $312,250 in October 2024, up 4% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $160K$105K
-34.4%
2 $177.5K$190K
+7.0%
3 $267.2K$291.5K
+9.1%
4 $400K$420K
+5.0%
5+ $535K$561.8K
+5.0%

Summary: 29720 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.4%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 5%.

Median Sold Price Compared To Nearby Zip Codes

29704
+15.6%
28173
+11.8%
29720
+4.0%
29714
+1.1%
29058
-3.1%

Housing Supply in 29720, SC

How many homes are available in 29720, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
281295+5.0%

Summary: The 29720 real estate market had 295 homes for sale in October 2024, a 5.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 3637
+2.8%
3 148159
+7.4%
4 7677
+1.3%
5+ 1920
+5.3%

Summary: The 29720 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 increased by 2.8%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 5.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5558+5.5%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29720, you may be able to get a good deal. 51.7% of homes here sold below asking price last month.

Summary: A total of 58 homes were sold or pending in 29720 in October 2024, up by 5.5% month-over-month. Of the 58 sold homes, 52% were sold under asking, 24% were sold at asking, and 24% were sold over asking.

Days on Market for 29720, SC

How long does it take to sell a home in 29720, SC?

Average Sale Time

Oct 2023Oct 2024CHANGE
40 Days27 Days-30.8%

Summary: Homes in 29720 had an average of 27 days on market in Oct 2024, down by 30.8% compared to last year.

Breakdown of Home Sale Times

40 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 29720 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 58 homes were sold in 29720; 69% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 7% 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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