Summerville SC Real Estate Market Report

August 2018- What Happened in Summerville SC Real Estate Last Month?

Summerville Real Estate Market Reports

Last month we saw 380 homes for sale in Summerville find new owners after an average of 42 days on the market. The average sales price for a home in Summerville continues to climb upwards and is up 9 percent compared to this time last year.




The average price per square foot for a home in Summerville has also increased to $124.



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've risen to 2.5 months supply of homes for sale in Summerville .

 




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Foster Smith
Foster Smith
Realtor