Is Effingham, SC 29541 a buyer’s or seller’s market?

The Effingham housing market right now

In the three months ending August 31, 2026, 18% of homes in Effingham, SC 29541 sold above their list price, the typical home went under contract in 127 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 11 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (20% then), homes sold more slowly (68 days then) and the median sale price rose 33% to $298,871. Overall, Effingham is less competitive than a year ago, which gives buyers more room.

Within Florence County, homes here sell more slowly than in any other ZIP code in the county, and sell more often over asking than in 80%.

Nearby, buyers who want less competition could look at Lake City 29560 (0% sold over asking) or Johnsonville 29555 (0% sold over asking), while Scranton 29591 (50% sold over asking) and Pamplico 29583 (29% sold over asking) are even more competitive.