Is Summerville, SC 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, SC
How much do homes in Summerville, SC cost?
Median Sold Price
$384,775
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Summerville has remained the same since last year.
Summary: The median home sold price in Summerville was $384,775 in March 2024, up 0.1% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $432.4K | $199.9K | -53.8% |
| 2 Bedrooms | $325K | $338.9K | +4.3% |
| 3 Bedrooms | $339.9K | $340.2K | 0.1% |
| 4 Bedrooms | $396.9K | $403.3K | +1.6% |
| 5+ Bedrooms | $453.9K | $461.4K | +1.7% |
Summary: Summerville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.8%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
| North Charleston | $321.9K | $334.8K | +4.0% |
| Ladson | $298.3K | $309.9K | +3.9% |
| Summerville | $384.4K | $384.7K | 0.1% |
| Goose Creek-Hanahan | $374.6K | $369.9K | -1.2% |
Housing Supply in Summerville, SC
How many homes are available in Summerville, SC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,310 | 1,446 | +10.4% |
Summary: The Summerville real estate market had 1,446 homes for sale in March 2024, a 10.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 136 | 133 | -2.2% |
| 3 Bedrooms | 498 | 557 | +11.8% |
| 4 Bedrooms | 486 | 534 | +9.9% |
| 5+ Bedrooms | 190 | 221 | +16.3% |
Summary: The Summerville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 16.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 265 | 281 | +6.0% |
Asking Price vs. Sold Price
119 Homes Were Sold
Under Asking
97 Homes Were Sold
At Asking
65 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Summerville, you may be able to get a good deal. 42.3% of homes here sold below asking price last month.
Summary: A total of 281 homes were sold or pending in Summerville in March 2024, up by 6.0% month-over-month. Of the 281 sold homes, 42% were sold under asking, 35% were sold at asking, and 23% were sold over asking.
Days on Market for Summerville, SC
We’re sorry, we don't have information for this market at the moment
