Is Kiawah Island-Seabrook Island, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Kiawah Island-Seabrook Island has remained a Seller's Market.
Key Takeaway
Kiawah Island-Seabrook Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kiawah Island-Seabrook Island, SC
How much do homes in Kiawah Island-Seabrook Island, SC cost?
Median Sold Price
$994,566
$594/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Kiawah Island-Seabrook Island has remained the same since last year.
Summary: The median home sold price in Kiawah Island-Seabrook Island was $994,566 in May 2024, down 0.3% from last year, and the median price per square foot was $594.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $470K | $449K | -4.5% |
| 2 Bedrooms | $679.5K | $652.5K | -4.0% |
| 3 Bedrooms | $1.1M | $1.1M | -0.8% |
| 4 Bedrooms | $1.9M | $1.9M | -1.8% |
| 5+ Bedrooms | $2.7M | $3.0M | +9.4% |
Summary: Kiawah Island-Seabrook Island housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.5%, 2 bedroom homes decreased by 4%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Cities
| Kiawah Island-Seabrook Island | $997.5K | $994.5K | -0.3% |
| Seabrook Island | $839K | $835K | -0.5% |
| Kiawah Island | $1.4M | $1.3M | -9.6% |
Housing Supply in Kiawah Island-Seabrook Island, SC
How many homes are available in Kiawah Island-Seabrook Island, SC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 149 | 154 | +3.4% |
Summary: The Kiawah Island-Seabrook Island real estate market had 154 homes for sale in May 2024, a 3.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 17 | 0.0% |
| 2 Bedrooms | 37 | 34 | -8.1% |
| 3 Bedrooms | 38 | 40 | +5.3% |
| 4 Bedrooms | 34 | 35 | +2.9% |
| 5+ Bedrooms | 23 | 28 | +21.7% |
Summary: The Kiawah Island-Seabrook Island housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 21.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 32 | +10.3% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kiawah Island-Seabrook Island, you may be able to get a good deal. 78.1% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Kiawah Island-Seabrook Island in May 2024, up by 10.3% month-over-month. Of the 32 sold homes, 78% were sold under asking, 16% were sold at asking, and 6% were sold over asking.
Days on Market for Kiawah Island-Seabrook Island, SC
We’re sorry, we don't have information for this market at the moment
