Is Summerhill, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Summerhill was a Buyer's Market.
Key Takeaway
Summerhill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Summerhill, GA
How much do homes in Summerhill, GA cost?
Median Sold Price
$640,000
$335/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Summerhill have sold for 20.8% more than they did a year ago.
Summary: The median home sold price in Summerhill was $640,000 in April 2024, up 20.8% from last year, and the median price per square foot was $335.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $433.7K | $495K | +14.1% |
| 3 Bedrooms | $521.5K | $672K | +28.9% |
| 4 Bedrooms | $658K | $645.5K | -1.9% |
| 5+ Bedrooms | - | $995K | N/A |
Summary: Summerhill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 28.9%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes did not change.
Housing Supply in Summerhill, GA
How many homes are available in Summerhill, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 30 | +11.1% |
Summary: The Summerhill real estate market had 30 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Summerhill housing inventory by bedroom type for April 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 14.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Summerhill, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Summerhill in April 2024, up by 100.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.
Days on Market for Summerhill, GA
How long does it take to sell a home in Summerhill, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 82 Days | +165.7% |
Summary: Homes in Summerhill had an average of 82 days on market in Apr 2024, up by 165.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Summerhill are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Summerhill; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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