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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29720 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 29720 was a Seller's Market.

Key Takeaway

29720 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 29720, SC

How much do homes in 29720, SC cost?

Median Sold Price

$316,375

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$13,782(+4.6%)

Key Takeaway

Homes in 29720 have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in 29720 was $316,375 in November 2024, up 4.6% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $160K$105K
-34.4%
2 $179.9K$195.5K
+8.7%
3 $270K$291.5K
+8.0%
4 $407.4K$419K
+2.8%
5+ $535.7K$565K
+5.5%

Summary: 29720 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.4%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 5.5%.

Median Sold Price Compared To Nearby Zip Codes

28173
+9.6%
29714
+7.4%
29720
+4.6%
29058
-3.0%

Housing Supply in 29720, SC

How many homes are available in 29720, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
300285-5.0%

Summary: The 29720 real estate market had 285 homes for sale in November 2024, a 5.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 3632
-11.1%
3 157157
0.0%
4 8072
-10.0%
5+ 2523
-8.0%

Summary: The 29720 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6147-23.0%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29720, expect to pay close to the asking price. 38.3% of homes here sold near the asking price last month.

Summary: A total of 47 homes were sold or pending in 29720 in November 2024, down by 23.0% month-over-month. Of the 47 sold homes, 34% were sold under asking, 38% were sold at asking, and 28% 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

Nov 2023Nov 2024CHANGE
39 Days29 Days-25.1%

Summary: Homes in 29720 had an average of 29 days on market in Nov 2024, down by 25.1% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

13 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 November 2024, 47 homes were sold in 29720; 60% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 9% 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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