Pendleton, SC 29670 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market indicator, the $232,500 median sold price, points to a modestly appreciating value base for recent transactions and, when compared to the $304,950 median listing price, suggests a meaningful gap between seller expectations and transaction levels that may indicate pricing friction.
2. Liquidity appears muted given the 329 median days on market, which suggests slower sales velocity and that properties are taking considerably longer to transact than typical fast-moving markets; this dynamic may indicate constrained buyer urgency.
3. Pricing quality remains mixed: the $180 median price per square foot supports a consistent per-unit valuation across recent sales, offering a useful benchmark for appraisals and targeted pricing strategies while the $1,675 median market rent is trending downward year-over-year, indicating softening rent pressure that could influence investor interest.
4. Market context is broadly balanced: the market temperature is reported as neutral, and mortgage costs are elevated with a current 30-year fixed rate of 6.41%, which, combined with elevated interest rate pressure, creates headwinds for affordability even as transaction prices show upward movement (up).

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.