Lake Keowee Real Estate Market Update – August 2025 🏡📊

The July 2025 Lake Keowee real estate market saw some big shifts 📉📈 compared to last year, reflecting changes in buyer activity, seasonal patterns, and broader economic trends. Here’s the breakdown for both waterfront 🌊 and off-water single-family homes around Lake Keowee.

📅 July 2025 Market Highlights

• 💰 Median Sales Price: $1,797,500 — down 16.4% from July 2024

• 🏠 New Listings: 22 — up 15.8% year-over-year

• ✍️ Homes Under Contract: 5 — down 72.2%

• 🔑 Closed Sales: 10 — down 52.4%

• ⏳ Average Days on Market: 54 — down 42.6%

• 📦 Months of Inventory: 7.8 — up 110.8%

• 📏 List-to-Sold Price Ratio: 96.3% — unchanged year-over-year

💡 What This Means for Buyers

Buyers are seeing more choices on the market 📋, with inventory climbing to 7.8 months — the highest in years. This means more negotiating power 💬, especially as pending sales have dropped sharply.

While prices remain high at nearly $1.8M, the 16.4% drop compared to last year signals a potential shift toward a more balanced market ⚖️. For serious buyers, now may be the moment to make a move — especially on properties that have been sitting for a while. Just remember: competitively priced homes still move fast 🚤.

📢 What This Means for Sellers

Home values remain strong 💎, but the sharp decline in contracts and closings means buyers are being more selective 🎯. With inventory up more than 110%, sellers face more competition than in past summer seasons.

The 96.3% list-to-sold ratio shows well-presented, properly priced homes are still commanding close to asking price 💵. This makes strategic pricing, professional marketing 📸, and top-notch staging 🛋️ more important than ever.

🔮 Looking Ahead

If trends continue, we may see a more balanced market for the rest of 2025. Increased inventory and slower contract activity could put some downward pressure on prices 📊, while motivated buyers may find better terms 📝.

That said, Lake Keowee’s unique appeal — limited waterfront availability, scenic views 🌄, and year-round recreation 🚤 — means demand is unlikely to disappear. Long-term, this market remains a desirable and valuable investment.

📲 Thinking of buying or selling on Lake Keowee?
Whether you’re ready to list your home or start your search for the perfect lake property, I’ll help you navigate the market with confidence and a clear plan.