Lake Keowee Real Estate Market Update - November 2025 - Lake Keowee Real Estate Pro

by Eric Stegall

🏡 Lake Keowee Real Estate Market Update – November 2025

(Based on October 2025 single-family home data: waterfront and off-water properties)

📊 At a Glance – Key Numbers

Median Sales Price: $2,700,000 (▲ 98.5%)
New Listings: 26 (▲ 160%)
Pending Sales: 10 (▲ 11.1%)
Closed Sales: 21 (no change year-over-year)
Average Days on Market: 79 (▼ 11.2%)
List-to-Sold Price Ratio: 94.1% (▼ 1.7%)
Months of Supply: 7.1 (▲ 91.9%)

🌊 Market Overview

The Lake Keowee real estate market took an impressive turn this October, with the median sales price nearly doubling from the same time last year. That’s a strong signal that luxury lakefront inventory is driving the market, and buyers continue to pay a premium for homes that offer quality, location, and water access.

At the same time, we’re seeing a notable jump in new listings—a 160% increase year-over-year—suggesting that more homeowners are taking advantage of rising values and testing the market before winter. Despite this surge in supply, sales volume held steady and pending contracts increased, which speaks to healthy ongoing demand for Lake Keowee properties.

🏠 What It Means for Sellers

For sellers, the market remains strong but competitive. Prices have surged, but with inventory up sharply and months of supply at 7.1 months, we’re inching toward a more balanced market where buyers have more choices.

That means accurate pricing and property presentation are key. Homes that are staged well, marketed strategically, and priced realistically are still selling quickly and near asking price. With the average days on market down 11%, motivated sellers who align with market conditions can still achieve excellent outcomes.

If you’re considering selling your Lake Keowee home, this is a strategic window before spring competition heats up—especially if your property offers waterfront access, modern updates, or exceptional views.

💼 What It Means for Buyers

For buyers, the shift toward higher inventory is welcome news. After years of limited choices and heavy competition, the growing selection is giving buyers more time and leverage.

However, the luxury price surge underscores that the best homes still command top dollar. Waterfront listings remain limited and tend to move fast when priced correctly.

Buyers should be financially ready and well-prepared—with pre-approval in hand—to act quickly when the right home appears. With 7+ months of supply, we’re seeing a few more negotiation opportunities, especially for properties that have been on the market longer or are slightly off the water.

🔮 Looking Ahead

As we move into late 2025 and early 2026, expect the Lake Keowee market to stabilize after this year’s price surge. The combination of:

Expanding inventory,
Moderating mortgage rates, and
Continued demand from out-of-state buyers seeking luxury lake living,

…should lead to a balanced and sustainable environment.

While we may see price growth slow, the fundamentals—desirability, limited waterfront land, and lifestyle appeal—will continue to support long-term property values around Lake Keowee.

⚓ Bottom Line

Lake Keowee remains one of South Carolina’s premier destinations for luxury lake living. Whether you’re buying or selling, understanding how market dynamics are shifting is essential to making the right move.

📞 Thinking about buying or selling at Lake Keowee?
Let’s talk strategy. I’ll help you navigate today’s evolving market and position you for success.

Eric Stegall
Lake Keowee Real Estate Pro – eXp Realty Luxury Realtor
📱 864-903-5719
🌐 www.LakeKeoweeRealEstatePro.com