Is Summerville, SC 29485 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Summerville is a seller’s market. With about 3.3 months of supply and 12% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Competition score36/ 100

More competitive than 35% of U.S. ZIP codes, and #45 of 191 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply3.3Under 4 months = seller’s market
Sold above original list12.4%Share of sales, last 3 months
Median sale-to-list99%Sold price ÷ list price
Median days on market64Listing to accepted offer
Median price per sq ft$183▲ +0.3% vs. last year

The Summerville housing market right now

In the three months ending August 31, 2026, 12% of homes in Summerville, SC 29485 sold above their list price, the typical home went under contract in 64 days and there were 3.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 458 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 15%, homes sold more slowly (59 days then) and the median sale price rose 3% to $398,418. Overall, Summerville is less competitive than a year ago, which gives buyers more room.

Within Dorchester County, homes here sell faster than in 86% of the county’s ZIP codes, and sell less often over asking than in 57%. On our competition score, Summerville ranks #45 of 191 SC ZIP codes with enough sales (score 36 out of 100).

Nearby, buyers who want less competition could look at Reevesville 29471 (0% sold over asking) or Harleyville 29448 (0% sold over asking), while Dorchester 29437 (50% sold over asking) and Ridgeville 29472 (20% sold over asking) are even more competitive.

Nearby markets

Dorchester 29437Buyer’s market $171 /sq ftHarleyville 29448Balanced $154 /sq ftNorth Charleston 29420Seller’s market $190 /sq ftReevesville 29471Seller’s market $207 /sq ft Browse all markets →

Where Summerville is

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Questions about Summerville real estate

Is Summerville a buyer’s or seller’s market?

A seller’s market: there were 3.3 months of supply in Summerville, SC 29485 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Summerville?

The typical home went under contract in 64 days in the latest three months.

Do homes in Summerville sell over asking?

12% of homes sold above their original list price, and the typical sale closed at 99.0% of the list price.

What are property taxes in Summerville?

About 0.56% of a home’s value a year in Dorchester County, or roughly $2,240 on a $400,000 home.

What is the median home price in Summerville?

The median sale price was $398,418 in the three months ending August 31, 2026, about $183 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology