Is James Island, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing James Island is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, James Island has remained a Seller's Market.

Key Takeaway

James Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in James Island, SC

How much do homes in James Island, SC cost?

Median Sold Price

$585,000

$351/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$54,833(+10.3%)

Key Takeaway

Homes in James Island have sold for 10.3% more than they did a year ago.

Summary: The median home sold price in James Island was $585,000 in May 2024, up 10.3% from last year, and the median price per square foot was $351.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $231.2K$240K
+3.8%
2 $338.7K$380.5K
+12.3%
3 $535K$566.5K
+5.9%
4 $665K$766.5K
+15.3%
5+ $859.7K$1.1M
+27.9%

Summary: James Island housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 27.9%.

Median Sold Price Compared To Nearby Cities

Charleston Central
+10.8%
James Island
+10.3%
Charleston
+10.2%
Johns Island
+3.8%
Folly Beach
+3.5%

Housing Supply in James Island, SC

How many homes are available in James Island, SC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
274312+13.9%

Summary: The James Island real estate market had 312 homes for sale in May 2024, a 13.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 68
+33.3%
2 4756
+19.1%
3 119127
+6.7%
4 7688
+15.8%
5+ 2633
+26.9%

Summary: The James Island housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 19.1%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 26.9%.

Number of Homes Sold

Apr 2024May 2024CHANGE
5164+25.5%

Asking Price vs. Sold Price

34 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in James Island, you may be able to get a good deal. 53.1% of homes here sold below asking price last month.

Summary: A total of 64 homes were sold or pending in James Island in May 2024, up by 25.5% month-over-month. Of the 64 sold homes, 53% were sold under asking, 17% were sold at asking, and 30% were sold over asking.

Days on Market for James Island, SC

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in James Island, SC

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What housing markets are near James Island, SC?