Sumter, SC Foreclosures
How much do homes sell for in Sumter, SC?
The average home price is currently $187,212.
What’s the average rental cost in Sumter, SC?
The average rental price in Sumter is $971.
What is the most expensive home in Sumter?
The most expensive home sold in Sumter had a price of $32,932,924.
What is currently the cheapest priced home in Sumter, SC?
The cheapest home for sale in Sumter is priced at $6,414.
Living in Sumter, SC
Sumter, SC is a delightful city that combines the warmth of Southern culture with modern conveniences. Residents enjoy a vibrant community with ample recreational opportunities, educational institutions, and proximity to beautiful parks. With its rich history and friendly atmosphere, Sumter is a wonderful place to call home.
Current Market Conditions in Sumter, SC
The real estate market in Sumter, SC is currently showing healthy signs of growth. Demand for housing has remained steady, particularly as more buyers discover the affordability and charm of this city. Home values have increased over the past year, reflecting the area's appeal and the ongoing development within the community.
As of now, inventory levels are somewhat limited due to a growing population and increasing interest in homeownership, which has led to competitive pricing. However, with new construction projects underway, more options are expected to come onto the market, balancing supply and demand.
Home Value Estimator For Sumter, SC
There are currently 39,547 real estate properties
in Sumter, SC,
with a median automated valuation model (AVM) price
of $150,734.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Sumter, SC, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Sumter, SC,
is $187,212.00, with the most expensive house
in Sumter, SC, topping out
at $32,932,924.00 and the cheapest home
in Sumter, SC,
clocking in at $6,414.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Sumter, SC!
Rent Prices
In Sumter, SC
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Sumter, SC, is on
a rollercoaster ride. The
average rent price in Sumter, SC,
is $971.00. Indeed, when looking to rent in
Sumter, SC, you can expect to pay as little
as $440.00 or as much
as $2,720.00,
with the average rent median estimated to
be $880.00. The good news is that finding
an affordable and desirable property to rent in Sumter, SC
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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