Lake Keowee Real Estate Market Update: August 2026

July 2026 Lake Keowee Market Snapshot

• 🏠 Median Sales Price: $1,611,303 ▼ 10.3%
• 🆕 New Listings: 21 ▼ 12.5%
• ⏳ Pending Sales: 6 ▼ 60%
• ✅ Closed Sales: 14 ▲ 40%
• 🕒 Avg. Days on Market: 78 ▲ 44.4%
• 💰 List-to-Sold Ratio: 98.8% ▲ 2.6%

Lake Keowee Market Update: A Look Back at July 2026

The Lake Keowee real estate market saw a mix of slowing prices and stronger closed sales in July 2026. The median sales price for single-family homes was $1,611,303, down 10.3% from July 2025, while closed sales increased 40%. Homes also took longer to sell, averaging 78 days on the market. Here's what the latest Lake Keowee market numbers mean for buyers and sellers. 

Home Prices: A Shift in the Market

The median sales price for single-family homes in July was $1,611,303, marking a 10.3% decrease compared to last July. This adjustment may reflect a cooling from the record highs we’ve seen in recent years, offering new opportunities for buyers who’ve been waiting on the sidelines.

Inventory and Activity

• New Listings: 21 homes hit the market in July, down 12.5% from last year. With fewer fresh options, competition remains steady for desirable properties.
• Pending Sales: Only 6 homes went under contract, a significant 60% drop year-over-year. This slowdown is simply a pause as families enjoy summer vacations.
• Closed Sales: On a brighter note, 14 homes closed in July—a 40% increase over last year. This uptick suggests that while fewer homes are going under contract, those that do are making it to the finish line.

Market Dynamics

• Average Days on Market: Homes spent an average of 78 days on the market, up 44.4%. Patience is key for sellers, but this also means buyers have a bit more breathing room to make decisions.
• List-to-Sold Price Ratio: Sellers received an average of 98.8% of their asking price, up 2.6% from last year. Even with price adjustments, strong offers are still the norm for well-presented homes.

What Does This Mean for You?

The Lake Keowee market is showing signs of balancing out after a period of rapid growth. Buyers may find more negotiating power as prices adjust and homes linger a bit longer, while sellers can take comfort in the strong list-to-sold ratios and increased closed sales. Whether you’re considering a move or simply keeping tabs on the market, staying informed is your best strategy.

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