Is Isle of Palms, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Isle of Palms was a Seller's Market.
Housing Prices in Isle of Palms, FL
How much do homes in Isle of Palms, FL cost?
Median Sold Price
$675,000
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Isle of Palms was $675,000 in April 2024, down 9.9% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $457K | $493.4K | +8.0% |
3 Bedrooms | $617.5K | $600K | -2.8% |
4 Bedrooms | $972.5K | $890K | -8.5% |
5+ Bedrooms | $1.0M | $2.9M | +180.9% |
Summary: Isle of Palms housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes increased by 180.9%.
Housing Supply in Isle of Palms, FL
How many homes are available in Isle of Palms, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 28 | +55.6% |
Summary: The Isle of Palms real estate market had 28 homes for sale in April 2024, a 55.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 6 | 12 | +100.0% |
4 Bedrooms | 6 | 9 | +50.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Isle of Palms housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Isle of Palms in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Isle of Palms, FL
How long does it take to sell a home in Isle of Palms, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
139 Days | 7 Days | -94.6% |
Summary: Homes in Isle of Palms had an average of 7 days on market in Apr 2024, down by 94.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Isle of Palms; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.