$534 Closing Credit*
$45,000
924 SqFt
3 Beds
•2 Full Baths
Wendy Connors, Listing Office: Atlanta Communities
Is Summerville, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Summerville was a Buyer's Market.
Key Takeaway
Summerville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Summerville, GA
How much do homes in Summerville, GA cost?
Median Sold Price
$217,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$27,000(+14.2%)
Key Takeaway
Homes in Summerville have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in Summerville was $217,000 in December 2024, up 14.2% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $39K | $67K | +71.8% |
| 2 Bedrooms | $105K | $135K | +28.6% |
| 3 Bedrooms | $205K | $220K | +7.3% |
| 4 Bedrooms | $283K | $333K | +17.7% |
| 5+ Bedrooms | $464.1K | $460K | -0.9% |
Summary: Summerville housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 71.8%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes decreased by 0.9%.
Housing Supply in Summerville, GA
How many homes are available in Summerville, GA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 73 | 57 | -21.9% |
Summary: The Summerville real estate market had 57 homes for sale in December 2024, a 21.9% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 21 | 18 | -14.3% |
| 3 Bedrooms | 37 | 24 | -35.1% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Summerville housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 35.1%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 21 | 11 | -47.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Summerville, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Summerville in December 2024, down by 47.6% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.
Days on Market for Summerville, GA
How long does it take to sell a home in Summerville, GA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 12 Days | 56 Days | +349.6% |
Summary: Homes in Summerville had an average of 56 days on market in Dec 2024, up by 349.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Summerville has remained consistent over time.
Summary: During December 2024, 11 homes were sold in Summerville; 27% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please