29550 — Lee County, South Carolina Market Snapshot
Housing market data for zip code 29550 in Lee County, South Carolina. Updated monthly with median prices, days on market, and more.
Market Sales Data
69 sales in 2026 (year to date)
Median Sale Price
$240,000
Days to Sell
86
Homes Sold
69
Inventory
106
Sale-to-List
95.2%
New Listings
93
Price/SqFt
$155
Pending Sales
80
Conforming Loan Available
Most homebuyers in 29550 can comfortably use conventional financing. The median home price of $240,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 86 days on average, 29550 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 29550 sells for 4.8% below asking price (95.2% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 29550 can comfortably use conventional financing. The median home price of $240,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 29550 are set at the county level.
2026 Loan Limits — Lee County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 29550
To purchase the median home at $240,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,989.
Monthly Payment
$1,989
Income Required
$85,234
Principal & Interest
$1,479/mo
Down Payment (5%)
$12,000
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 29550.
Estimated Monthly Payment
$1,635
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 29550. Tell us what you're looking for.