Is Summerville, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Summerville has remained a Seller's Market.
Housing Prices in Summerville, SC
How much do homes in Summerville, SC cost?
Median Sold Price
$385,057
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Summerville was $385,057 in May 2024, up 0.1% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $203.2K | $202.4K | -0.4% |
2 Bedrooms | $336.2K | $348.4K | +3.6% |
3 Bedrooms | $339.9K | $342.5K | +0.8% |
4 Bedrooms | $395.3K | $407K | +3.0% |
5+ Bedrooms | $454.3K | $460.1K | +1.3% |
Summary: Summerville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
North Charleston | $324.9K | $334.9K | +3.1% |
Ladson | $300K | $309K | +3.0% |
Goose Creek-Hanahan | $373.4K | $374.4K | 0.3% |
Summerville | $384.4K | $385K | 0.1% |
Housing Supply in Summerville, SC
How many homes are available in Summerville, SC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,523 | 1,627 | +6.8% |
Summary: The Summerville real estate market had 1,627 homes for sale in May 2024, a 6.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 127 | 128 | +0.8% |
3 Bedrooms | 603 | 644 | +6.8% |
4 Bedrooms | 553 | 610 | +10.3% |
5+ Bedrooms | 239 | 245 | +2.5% |
Summary: The Summerville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 2.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
349 | 347 | -0.6% |
Asking Price vs. Sold Price
151 Homes Were Sold
Under Asking
124 Homes Were Sold
At Asking
72 Homes Were Sold
Over Asking
Summary: A total of 347 homes were sold or pending in Summerville in May 2024, down by 0.6% month-over-month. Of the 347 sold homes, 44% were sold under asking, 36% were sold at asking, and 21% were sold over asking.
Days on Market for Summerville, SC
How long does it take to sell a home in Summerville, SC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
2 Days | 41 Days | +1283.1% |
Summary: Homes in Summerville had an average of 41 days on market in May 2024, up by 1283.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 347 homes were sold in Summerville; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.