Is Great Falls, SC 29055 a buyer’s or seller’s market?
Great Falls is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Great Falls housing market right now
In the three months ending August 31, 2026, 13% of homes in Great Falls, SC 29055 sold above their list price, the typical home went under contract in 82 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 8 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (75 days then) and the median sale price held steady to $212,908. Overall, Great Falls is more competitive than a year ago, so tougher for buyers.
Within Chester County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell less often over asking than in 60%.
Nearby, buyers who want less competition could look at Carlisle 29031 (0% sold over asking) or Richburg 29729 (10% sold over asking), while Edgemoor 29712 (25% sold over asking) and Chester 29706 (17% sold over asking) are even more competitive.
Run the numbers for 29055
Nearby markets
Carlisle 29031Seller’s market $63 /sq ftChester 29706Balanced $163 /sq ftEdgemoor 29712Balanced $224 /sq ftFort Lawn 29714Seller’s market $210 /sq ft Browse all markets →Towns like Great Falls nearby
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Questions about Great Falls real estate
Is Great Falls a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Great Falls, SC 29055 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Great Falls?
The typical home went under contract in 82 days in the latest three months.
Do homes in Great Falls sell over asking?
13% of homes sold above their original list price, and the typical sale closed at 93.2% of the list price.
What are property taxes in Great Falls?
About 0.56% of a home’s value a year in Chester County, or roughly $2,240 on a $400,000 home.
What is the median home price in Great Falls?
The median sale price was $212,908 in the three months ending August 31, 2026, about $132 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology