Soil organic carbon (SOC) assessment is crucial for evaluating soil health and supporting carbon sequestration efforts. Traditional methods like wet digestion and dry combustion are time-consuming and labor-intensive, necessitating the development of non-destructive, cost-efficient, and real-time in situ measurements. This review focuses on handheld in situ methodologies for SOC estimation, underscoring their practicality and reasonable accuracy. Spectroscopic techniques, like visible and near-infrared, mid-infrared, laser-induced breakdown spectroscopy, and inelastic neutron scattering each offer unique advantages. Preprocessing techniques, such as external parameter orthogonalization and standard normal variate, are employed to eliminate soil moisture content and particle size effects on SOC estimation. Calibration methods, like partial least squares regression and support vector machine, establish relationships between spectral reflectance, soil properties, and SOC. Among the 32 studies selected in this review, 14 exhibited a coefficient of determination (R2) of 0.80 or higher, indicating the potential for accurate SOC content estimation using in situ approaches. Each study meticulously adjusted factors such as spectral range, pretreatment method, and calibration model to improve the accuracy of SOC content, highlighting both the methodological diversity and a continuous pursuit of precision in direct field measurements. Continued research and validation are imperative to ensure accurate in situ SOC assessment across diverse environments. Thus, this review underscores the potential of handheld devices for in situ SOC estimation with good accuracy and leveraging factors that influence its precision. Crucial for optimizing carbon farming, these devices offer real-time soil measurements, empowering land managers to enhance carbon sequestration and promote sustainable land management across diverse agricultural landscapes.