Lake Keowee Waterfront Home Market Analysis - 29672 - Mid Lake South

by Eric Stegall

🏡 Lake Keowee Waterfront Market Analysis – 29672 - Mid Lake South

Market Overview (Last 6 Months)

Homes Currently for Sale: 24
Homes Sold: 43
Average Sold Price: $1,735,687
Average Home Size: 4,621 sq. ft.
List-to-Sold Ratio: 96.32%
Average Days on Market: 64

📈 What These Numbers Mean

1. Strong Demand with Limited Supply

With 43 homes sold vs. 24 active listings, absorption remains healthy—indicating a balanced to slightly seller-leaning market. The turnover rate suggests that Lake Keowee waterfront properties continue to draw steady buyer interest, especially in the luxury and move-in-ready segments.

2. Pricing Trends Show Market Stability

An average sold price of $1.73M aligns closely with recent months’ waterfront activity, confirming that buyers are still willing to pay premium prices for well-located, updated homes with desirable water depth, views, and dock setups. The 96.32% list-to-sold ratio indicates most sellers are pricing realistically, with minimal discounting.

3. Faster Sales Reflect High Buyer Motivation

The average of just 64 days on market is quick for luxury lake properties, showing that homes positioned correctly—both in price and presentation—are moving efficiently. Homes with modern finishes, gentle slopes, and covered docks often sell fastest.

4. Market Dynamics Moving Toward Balance

Inventory levels remain moderate. At the current pace of sales, there’s roughly a 3.3-month supply, suggesting the market is leaning toward sellers but showing early signs of normalization as new listings come online. Buyers have slightly more leverage than last year but still face competition for high-quality properties.

💡 Forward-Looking Insight

Heading into late 2025, expect continued stability in pricing with a gradual increase in inventory. If interest rates hold or ease, pent-up demand from cash and move-up buyers could push sales activity even higher. For sellers, the window remains excellent to list before further inventory increases create more competition.

📞 Thinking of Buying or Selling on Lake Keowee?

Work with a local expert who knows every cove and community.
Eric Stegall – Lake Keowee Real Estate Pro, eXp Luxury Realtor
📱 864-903-5719
🌐 www.lakekeoweerealestatepro.com