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 Last Month

Since last month, Summerton has remained a Buyer's 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

$512,500

$308/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$297,500(+138.4%)

Key Takeaway

Homes in Summerton have sold for 138.4% more than they did a month ago.

Summary: The median home sold price in Summerton was $512,500 in March 2024, up 138.4% from last month, and the median price per square foot was $308.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 $215K$410K
+90.7%
3 --
N/A
4 -$615K
N/A
5+ --
N/A

Summary: Summerton housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 90.7%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Summerton, SC

How many homes are available in Summerton, SC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1117+54.5%

Summary: The Summerton real estate market had 17 homes for sale in March 2024, a 54.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 25
+150.0%
4 35
+66.7%
5+ 13
+200.0%

Summary: The Summerton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 150%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
12+100.0%

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 March 2024, up by 100.0% 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 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 30 Days Ago

Newest Listings in Summerton, SC

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