Is Summerville, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$182,000
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Summerville have sold for 3.3% less than they did a year ago.
Summary: The median home sold price in Summerville was $182,000 in March 2024, down 3.3% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89.5K | $25K | -72.1% |
| 2 Bedrooms | $109K | $85.5K | -21.6% |
| 3 Bedrooms | $194.2K | $189K | -2.7% |
| 4 Bedrooms | $197.2K | $330K | +67.3% |
| 5+ Bedrooms | $213K | $530K | +148.8% |
Summary: Summerville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 72.1%, 2 bedroom homes decreased by 21.6%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 67.3%, and 5+ bedroom homes increased by 148.8%.
Housing Supply in Summerville, GA
How many homes are available in Summerville, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 56 | 64 | +14.3% |
Summary: The Summerville real estate market had 64 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 14 | 21 | +50.0% |
| 3 Bedrooms | 25 | 23 | -8.0% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Summerville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 17 | +88.9% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Summerville, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Summerville in March 2024, up by 88.9% month-over-month. Of the 16 sold homes, 56% were sold under asking, 25% were sold at asking, and 19% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 57 Days | +160.6% |
Summary: Homes in Summerville had an average of 57 days on market in Mar 2024, up by 160.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 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 March 2024, 17 homes were sold in Summerville; 29% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 12% 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.