Is Summerton, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Summerton is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Summerton was a Neutral Market.

Key Takeaway

Summerton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Summerton, SC

How much do homes in Summerton, SC cost?

Median Sold Price

$395,000

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$52,500(+15.3%)

Key Takeaway

Homes in Summerton have sold for 15.3% more than they did a year ago.

Summary: The median home sold price in Summerton was $395,000 in October 2024, up 15.3% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$201K
N/A
2 $328.7K$310K
-5.7%
3 $327.2K$301.5K
-7.9%
4 $460K$557.5K
+21.2%
5+ $485K$495K
+2.1%

Summary: Summerton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 2.1%.

Housing Supply in Summerton, SC

How many homes are available in Summerton, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2224+9.1%

Summary: The Summerton real estate market had 24 homes for sale in October 2024, a 9.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 55
0.0%
3 68
+33.3%
4 88
0.0%
5+ 22
0.0%

Summary: The Summerton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Summerton, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Summerton in October 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Summerton, SC

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Summerton, SC

Nearby Markets to Summerton, SC