Lake Keowee Real Estate Market Update - October 2025

by Eric Stegall

🏡 Lake Keowee Real Estate Market Update – October 2025

(Based on September 2025 single-family home data: waterfront + off-water)

📊 At a Glance – Key Numbers

Median Sold Price: $1,867,785 ( ▼ 5.4% year-over-year )
New Listings: 19 ( no change year-over-year )
Pending Sales: 4 ( ▼ 71.4% year-over-year )
Closed Sales: 24 ( ▲ 100% year-over-year )
Average Days on Market: 136 ( ▲ 2.5% )
List-to-Sold Price Ratio: 95.5% ( ▲ 1.1% )
Months of Inventory: 7.4 months (slight buyer-tilted balance)

💬 What the Numbers Mean for Sellers

The median sold price dipped 5.4%, a modest correction following several years of double-digit appreciation. However, the 95.5% list-to-sold ratio signals that homes are still commanding strong offers when priced accurately and well-presented.

Inventory now sits at 7.4 months of supply, edging into a balanced-to-buyer-leaning market. Sellers can no longer expect bidding wars on day one—but well-maintained, correctly priced, and move-in-ready homes continue to attract qualified buyers, especially waterfront properties offering docks, long-range views, or updated interiors.

For those considering listing this winter, preparation is key:

Pre-inspection & minor updates prevent price erosion.
Professional photography + video marketing maximize exposure during slower months.
Strategic pricing—anchored slightly below recent comps—creates momentum and can draw multiple buyers even in cooler conditions.

🧭 What the Numbers Mean for Buyers

Buyers are finally seeing breathing room. The 7.4-month supply offers more selection and leverage in negotiations, especially on properties that have lingered beyond 90 days.

Yet, the average price level remains elevated—Lake Keowee continues to attract high-net-worth relocators and retirees seeking lifestyle and investment value. The rise in closed sales (+100%) shows that motivated buyers are acting when the right home appears, particularly those who locked rates early or are cash-positioned.

Takeaway: this fall and winter present rare opportunities to secure prime lakefront locations before demand typically rebounds in early spring.

🔮 Forward-Looking Market Analysis

Several forces will shape the market heading into 2026:

Interest Rates & Confidence:
Rates have stabilized after mid-year fluctuations. If the Fed eases in Q1 2026, pent-up demand could ignite a brisk spring season, especially under $1.5 million.
Inventory Momentum:
Builders and sellers who delayed listings in 2024 are re-entering, which will keep supply near balanced levels through winter. Expect price moderation vs. decline—steady, sustainable values are more likely than steep drops.
Luxury Demand & Migration:
Lake Keowee remains a top-tier destination for second-home and relocation buyers from the Southeast, Mid-Atlantic, and Midwest. Lifestyle migration continues to offset local slowdowns, maintaining long-term stability.
Seasonal Trend:
Historically, Q4 into Q1 offers motivated sellers and opportunistic buyers. Listings often relaunch or refresh in March, pushing competition upward by April.

🏠 Bottom Line

Lake Keowee’s real-estate market in fall 2025 is showing signs of normalization—not weakness.
Prices are holding near record levels, buyer activity is selective, and both sides must navigate with strategy and patience.

Whether you’re planning to sell before spring 2026 or buy a waterfront home while inventory is ample, working with an experienced agent who understands hyper-local trends is more important than ever.

📞 Thinking of Buying or Selling at Lake Keowee?

I’m Eric Stegall, your local Lake Keowee Real Estate Pro with eXp Luxury Realty.
Let’s talk about your goals and build a plan that positions you ahead of the market.

📱 Call/Text: 864-903-5719
🌐 www.LakeKeoweeRealEstatePro.com
Lakekeoweesales@gmail.com