Summerville SC Real Estate Market Report

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

Summerville Real Estate Market Reports

Last month we prepared as Hurricane Florence barreled toward the South Carolina coast and most of our area evacuated and life came to a standstill for around a week.  Many of us remember Hurricane Hugo in 1989 and the lasting impact it had on our town and lives. As a result, Summerville was quiet for many days during September. We are praying and working to support our neighbors further up the coast that did get the impact of the Hurricane this time around.

Last month we saw only 238 homes for sale in Summerville find new owners after an average of 40 days on the market. (Homes sold last month was down 20% .) 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 held steady around $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 .


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