Is Summerville, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Summerville was a Seller's Market.
Housing Prices in Summerville, GA
How much do homes in Summerville, GA cost?
Median Sold Price
$184,900
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Summerville was $184,900 in April 2024, down 1.1% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $24.5K | $71.9K | +193.7% |
2 Bedrooms | $111.9K | $85.5K | -23.6% |
3 Bedrooms | $198.5K | $196.6K | -1.0% |
4 Bedrooms | $197.2K | $307.5K | +55.9% |
5+ Bedrooms | $210K | $520K | +147.6% |
Summary: Summerville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 193.7%, 2 bedroom homes decreased by 23.6%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 55.9%, and 5+ bedroom homes increased by 147.6%.
Housing Supply in Summerville, GA
How many homes are available in Summerville, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
66 | 60 | -9.1% |
Summary: The Summerville real estate market had 60 homes for sale in April 2024, a 9.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 21 | 19 | -9.5% |
3 Bedrooms | 26 | 26 | 0.0% |
4 Bedrooms | 10 | 6 | -40.0% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Summerville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 9 | -50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Summerville in April 2024, down by 50.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
5 Days | 63 Days | +1025.0% |
Summary: Homes in Summerville had an average of 63 days on market in Apr 2024, up by 1025% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Summerville; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.