Lake Keowee Real Estate Market Update - June 2025

🏡 Lake Keowee Real Estate Market Report – June 2025

Waterfront & Off-Water Single-Family Homes

As we move into the heart of summer, the Lake Keowee real estate market is showing clear signs of a shift. Whether you're buying or selling, understanding the current dynamics—especially in a high-value area like Lake Keowee—is critical to making confident real estate decisions. Here's a deep dive into the latest market trends for June 2025.

📉 Median Sales Price Drops 27.3%

The median sales price for single-family homes in the Lake Keowee area fell significantly to $1,435,000, down 27.3% compared to June 2024. This price shift is largely driven by adjustments in the luxury waterfront market, where sellers are responding to buyer expectations and longer days on market. It presents a potential opportunity for buyers looking to secure premium properties at more competitive values.

📈 New Listings Surge 58.8%

Inventory growth is one of the most notable market developments this month. With 27 new listings—up nearly 59% from last year—sellers are entering the market at a higher rate, likely attempting to take advantage of recent years' equity gains. For buyers, more options mean more negotiating power and less urgency.

🕒 Pending Sales Decline 55%

Despite the increase in inventory, only 9 homes went under contract, marking a steep 55% decrease from last June. This drop points to buyer hesitation—likely due to pricing adjustments, higher interest rates, or a growing sense that better deals may be on the horizon.

📊 Closed Sales Hold Steady

10 homes sold in June—exactly the same number as June 2024. While this shows consistency in closings, it also highlights how slower pending activity today could translate into fewer closings in the months ahead.

⏱️ Homes Are Selling Slightly Faster

The average days on market has dropped to 60 days, a 10.4% improvement over last year. This indicates that when homes are priced correctly and well-presented, buyers are still ready to move quickly. However, overpriced or poorly marketed homes are likely to sit longer.

💸 List-to-Sold Price Ratio Dips to 93%

Sellers received 93% of their asking price, a decline of 2.8% from last year. This trend confirms what the rest of the data suggests—buyers are negotiating more aggressively, and sellers must be prepared to meet the market where it is.

📦 Months Supply Doubles – A Buyer’s Market Arrives

The months supply of inventory now sits at 7.4 months, up 100% from June 2024. This officially places Lake Keowee in a buyer’s market for the first time in several years. More choices, longer negotiations, and increased leverage favor buyers—for now.

🧭 What This Means for You

If You’re a Seller:

You’ll need a pricing and marketing strategy grounded in today’s realities. While demand remains strong for well-staged, appropriately priced homes—especially waterfront and golf community properties—buyers are no longer rushing. Presentation, local market knowledge, and timing will be key to standing out.

If You’re a Buyer:

Now is your window. Prices are adjusting, inventory is climbing, and motivated sellers are increasingly open to negotiation. Whether you're eyeing a primary residence, second home, or retirement escape, this is the time to explore with confidence.

✅ Local Insight from a Trusted Lake Keowee Expert

Navigating this market takes more than data—it takes experience, strategy, and an understanding of what makes each Lake Keowee property truly special. Whether you're looking to list or buy, I’d love to help you make your next move a successful one.

📞 Call or text: 864-903-5719
🌐 Visit: www.lakekeoweerealestatepro.com
📲 Follow on Instagram: @lakekeoweerealestatepro