29707 Housing Market Report January 2025•Lancaster County, South Carolina

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Housing Prices in 29707, SC

How much do homes in 29707, SC cost?

Housing Market Conditions

Is 29707, SC a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

29707 is a Seller's Market

Difference Since January 2024

Since last year, 29707 has remained a Seller's Market.

Insight

29707 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$513,960$220/SqFt
+$17,751
+3.6%

Based on all homes sold in the last 12 months

Insight

Homes in 29707 have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in 29707 was $513,960 in January 2025, up 3.6% from last year, and the median price per square foot was $220.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
28277
+17.3%
29715
+10.4%
28173
+8.4%
28134
+3.9%
29707
+3.6%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1--
N/A
2$407.2K$395K
-3.0%
3$425K$451.4K
+6.2%
4$558.5K$568.8K
+1.8%
5$670K$750K
+11.9%

Summary: 29707 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -3.0%. The home price for 3 bedroom homes increased by +6.2%. The home price for 4 bedroom homes increased by +1.8%. The home price for 5 bedroom homes increased by +11.9%.

Housing supply in 29707, SC

How many homes are available in 29707, SC?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
177Last MonthJan 2025
1762 months agoDec 2024
+0.6 %
Change MoMDec – Jan

Summary: The 29707 real estate market had 177 homes for sale in Jan 2025, a 0.6 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
39Last MonthJan 2025
462 months agoDec 2024
-15.2 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
100
0.0%
24137
-9.8%
36268
+9.7%
44342
-2.3%
53030
0.0%

Summary: 29707 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -9.8%. The inventory for 3 bedroom homes increased by +9.7%. The inventory for 4 bedroom homes decreased by -2.3%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 29707, SC cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price9 Homes

Under Asking Price30 Homes

Insight

If you're buying a home in 29707, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in 29707 in January 2025, down by 15.2% month-over-month. Of the 39 sold homes, 77% were sold under asking, 23% were sold at asking, and and 0% were sold over asking.

Days on Market for 29707, SC

How long does it take to sell a home in 29707, SC?

Breakdown of Home Sale Times

Under 30 Days14 Homes

30 – 90 Days16 Homes

Over 90 Days9 Homes

Insight

Avg time on Rocket Homes in 29707 has remained consistent over time.

Summary: During January 2025, 39 homes were sold in 29707; 36% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
53 DaysThis YearJan 2025
40 Days1 year agoJan 2024
+33.2 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in 29707 had an average listing age of 53 days in Jan 2025, up by 33.2% compared to the previous year.

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Newest Listings in 29707, SC

What homes are available in 29707, SC?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from Canopy MLS, and CHS MLS for the period 02/01/2023 - 02/01/2025

IDX Listings courtesy of Canopy MLS as distributed by MLS GRID.

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Copyright © 2025 MLS GRID.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/6/2025, 10:51:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the CHS Multiple Listing Service. Those properties marked with the CHS MLS Approved logo are provided courtesy of the CHS MLS Broker Reciprocity Database. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data deemed reliable but not guaranteed accurate by the MLS.
Copyright © 2025 Charleston Trident Association of REALTORS®
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/6/2025, 11:55:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.