Summerville SC Real Estate Market Report

March 2018- What Happened in Summerville SC Real Estate?

Homes for Sale in Summerville, SC

With the beginning of April, the spring real estate market in Summerville is in full swing. Last month, we saw 320 homes for sale in Summerville find new owners after an average of 45 days on the market. 

The average sales price for a home in Summerville continues to climb upwards and is up four percent compared to this time last year.  Here is a quick look to demonstrate what the average sales price in Summerville, SC has done over the last three years. 




The average price per square foot for a home in Summerville has also increased greatly, 

rising 3.5% from last year to $118.



The demand for homes for sale in Summerville has greatly increased as more people move to the Charleston, SC area and, as a result, homes are moving quickly. The real estate market has seen a tremendous increase in new homes for sale in Summerville as the demand grows and the supply of resale homes dwindles.  

New home developments and master planned communities, such as Cane Bay Plantation, Nexton, and Summers Corner are meeting the needs of many people desiring to live in Summerville with amenity centers and schools within the communities.

 According to our Summerville real estate market reports, we'v risen to 2.5 months supply of homes for sale in Summerville .

 




Find Homes for Sale in Summerville, SC

Make sure you are set up to be notified when Summerville homes come on the market.

To find out what your Summerville home is worth in the current market fill out a What's My Home Worth Form.

Foster Smith
Foster Smith
Realtor