Is Summerville, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Summerville has remained a Seller's Market.
Housing Prices in Summerville, SC
How much do homes in Summerville, SC cost?
Median Sold Price
$385,305
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Summerville was $385,305 in April 2024, up 0.1% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $178.9K | $205K | +14.6% |
2 Bedrooms | $328K | $344.3K | +5.0% |
3 Bedrooms | $339.9K | $342.5K | +0.8% |
4 Bedrooms | $399.3K | $404.4K | +1.3% |
5+ Bedrooms | $456.6K | $460K | +0.7% |
Summary: Summerville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.6%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Cities
North Charleston | $322.4K | $336.4K | +4.4% |
Ladson | $300K | $307.5K | +2.5% |
Summerville | $384.9K | $385.3K | 0.1% |
Goose Creek-Hanahan | $374.3K | $373.3K | -0.3% |
Housing Supply in Summerville, SC
How many homes are available in Summerville, SC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,376 | 1,540 | +11.9% |
Summary: The Summerville real estate market had 1,540 homes for sale in April 2024, a 11.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 122 | 121 | -0.8% |
3 Bedrooms | 534 | 602 | +12.7% |
4 Bedrooms | 517 | 576 | +11.4% |
5+ Bedrooms | 202 | 240 | +18.8% |
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 0.8%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
274 | 355 | +29.6% |
Asking Price vs. Sold Price
159 Homes Were Sold
Under Asking
127 Homes Were Sold
At Asking
69 Homes Were Sold
Over Asking
Summary: A total of 355 homes were sold or pending in Summerville in April 2024, up by 29.6% month-over-month. Of the 355 sold homes, 45% were sold under asking, 36% were sold at asking, and 19% were sold over asking.
Days on Market for Summerville, SC
We’re sorry, we don't have information for this market at the moment