Is Summerhill, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Summerhill has remained a Buyer's Market.
Key Takeaway
Summerhill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Summerhill, GA
How much do homes in Summerhill, GA cost?
Median Sold Price
$630,500
$338/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Summerhill have sold for 16.2% more than they did a year ago.
Summary: The median home sold price in Summerhill was $630,500 in June 2024, up 16.2% from last year, and the median price per square foot was $338.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $496K | $497K | 0.2% |
| 3 Bedrooms | $570K | $672K | +17.9% |
| 4 Bedrooms | $630K | $645.5K | +2.5% |
| 5+ Bedrooms | - | $995K | N/A |
Summary: Summerhill housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 2.5%, 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
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 21 | 36 | +71.4% |
Summary: The Summerhill real estate market had 36 homes for sale in June 2024, a 71.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 11 | 22 | +100.0% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Summerhill housing inventory by bedroom type for June 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 100%, 4 bedroom homes increased by 80%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 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. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Summerhill in June 2024, down by 50.0% month-over-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 Summerhill, GA
How long does it take to sell a home in Summerhill, GA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 2 Days | 15 Days | +650.0% |
Summary: Homes in Summerhill had an average of 15 days on market in Jun 2024, up by 650% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 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 June 2024, 2 homes were sold in Summerhill; 100% 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.
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.