$3,028 Closing Credit*
$255,000
1,630 SqFt
2 Beds
•2 Full Baths
Jeffery Allen Keen, Jr., Listing Office: Allen Keen Realty, LLC
Is Summerville, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Summerville has remained a Seller'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
$218,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,900(+17.1%)
Key Takeaway
Homes in Summerville have sold for 17.1% more than they did a year ago.
Summary: The median home sold price in Summerville was $218,000 in November 2024, up 17.1% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $71.4K | $70K | -2.0% |
| 2 Bedrooms | $109K | $135K | +23.9% |
| 3 Bedrooms | $192.2K | $220K | +14.4% |
| 4 Bedrooms | $285K | $333K | +16.8% |
| 5+ Bedrooms | $464.1K | $460K | -0.9% |
Summary: Summerville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes increased by 23.9%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 16.8%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 89 | 71 | -20.2% |
Summary: The Summerville real estate market had 71 homes for sale in November 2024, a 20.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 21 | 20 | -4.8% |
| 3 Bedrooms | 53 | 39 | -26.4% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Summerville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 26.4%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 21 | +10.5% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Summerville, you may be able to get a good deal. 84.2% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Summerville in November 2024, up by 10.5% month-over-month. Of the 19 sold homes, 84% were sold under asking, 5% were sold at asking, and 11% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 72 Days | 52 Days | -27.2% |
Summary: Homes in Summerville had an average of 52 days on market in Nov 2024, down by 27.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Summerville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in Summerville; 29% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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