Is Kiawah Island, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Kiawah Island was a Seller's Market.
Key Takeaway
Kiawah Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Kiawah Island, SC
How much do homes in Kiawah Island, SC cost?
Median Sold Price
$1,325,000
$778/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Kiawah Island have sold for 9.6% less than they did a year ago.
Summary: The median home sold price in Kiawah Island was $1,325,000 in May 2024, down 9.6% from last year, and the median price per square foot was $778.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $470K | $501.7K | +6.8% |
| 2 Bedrooms | $747.5K | $799K | +6.9% |
| 3 Bedrooms | $1.3M | $1.2M | -11.2% |
| 4 Bedrooms | $2.6M | $2.1M | -15.7% |
| 5+ Bedrooms | $4.3M | $3.2M | -25.3% |
Summary: Kiawah Island housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 6.9%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes decreased by 15.7%, and 5+ bedroom homes decreased by 25.3%.
Median Sold Price Compared To Nearby Cities
| James Island | $530.1K | $585K | +10.3% |
| Johns Island | $621.6K | $645K | +3.8% |
| 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, SC
How many homes are available in Kiawah Island, SC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 57 | 59 | +3.5% |
Summary: The Kiawah Island real estate market had 59 homes for sale in May 2024, a 3.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The Kiawah Island housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Kiawah Island, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Kiawah Island in May 2024, down by 36.4% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Kiawah Island, SC
We’re sorry, we don't have information for this market at the moment
