Wando, SC 29492 Real Estate Market Report

ZIP Code: 29492
Report Date: March 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Wando market in ZIP 29492 is characterized by a median sold price of $975,000, reflecting a robust demand despite elevated interest rate pressures. The neighborhood has increased 15% since 2023, indicating a strong appreciation in property values. This upward trend in sold prices suggests a competitive environment where buyers are willing to meet or exceed seller expectations, despite the median listing price of $849,500 indicating potential pricing friction between seller aspirations and market realities.

Transaction activity appears moderate, with median days on market at 248, suggesting slower sales velocity. The elevated inventory levels relative to sales activity indicate a market that may be experiencing excess supply, which could lead to longer selling periods. However, the overall market temperature remains hot, fueled by strong local economic growth and continued migration into the Charleston area, sustaining demand in both sales and rental segments.

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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.

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Market Metrics

Note: 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.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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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.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Wando SC market average around 6.38% to 6.50%, which is slightly higher than the early 2026 average of approximately 6.18%.

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

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Key Findings

1. The median sold price of $975,000 reflects strong buyer demand in the hot market.

2. With a median listing price of $849,500, there is notable pricing friction, suggesting sellers may need to adjust expectations.

3. The median days on market of 248 indicates slower sales velocity, which may impact liquidity for sellers.

4. The median market rent stands at $3,190, showing a rising trend that supports sustained rental demand in the area.

5. Overall, the market is experiencing elevated interest rate pressure, which may influence buyer behavior moving forward.

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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.