Is Summerhill, GA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Summerhill is a seller's market


Difference Since May 2023

Since last year, Summerhill has remained a Seller'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



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in Summerhill have sold for 21.2% more than they did a year ago.

Summary: The median home sold price in Summerhill was $640,000 in May 2024, up 21.2% from last year, and the median price per square foot was $338.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
2 $433.7K$499K
3 $540K$670.5K
4 $645K$645.5K
5+ -$995K

Summary: Summerhill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 24.2%, 4 bedroom homes increased by 0.1%, 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

Apr 2024May 2024CHANGE

Summary: The Summerhill real estate market had 28 homes for sale in May 2024, a 21.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
2 86
3 914
4 68
5+ 00

Summary: The Summerhill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 55.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Summerhill, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Summerhill in May 2024, down by 28.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% 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

May 2023May 2024CHANGE
57 Days94 Days+64.4%

Summary: Homes in Summerhill had an average of 94 days on market in May 2024, up by 64.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Summerhill has remained consistent over time.

Summary: During May 2024, 5 homes were sold in Summerhill; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.

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

Report Updated 12 Days Ago

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