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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Edisto Island is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Edisto Island, SC

How much do homes in Edisto Island, SC cost?

Median Sold Price

$700,000

$464/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$25,500(-3.5%)

Key Takeaway

Homes in Edisto Island have sold for 3.5% less than they did a year ago.

Summary: The median home sold price in Edisto Island was $700,000 in March 2024, down 3.5% from last year, and the median price per square foot was $464.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $235K$234K
-0.4%
2 $375K$390K
+4.0%
3 $725K$582.5K
-19.7%
4 $837K$899K
+7.4%
5+ $1.2M$1.7M
+36.4%

Summary: Edisto Island housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes increased by 4%, 3 bedroom homes decreased by 19.7%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 36.4%.

Median Sold Price Compared To Nearby Cities

Kiawah Island-Seabrook Island
+13.7%
Wadmalaw Island
+1.4%
Edisto Island
-3.5%
Edisto Beach
-8.7%
Green Pond
-14.5%

Housing Supply in Edisto Island, SC

How many homes are available in Edisto Island, SC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4962+26.5%

Summary: The Edisto Island real estate market had 62 homes for sale in March 2024, a 26.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 22
0.0%
2 1014
+40.0%
3 1315
+15.4%
4 1722
+29.4%
5+ 79
+28.6%

Summary: The Edisto Island housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
416+300.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Edisto Island, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Edisto Island in March 2024, up by 300.0% month-over-month. Of the 16 sold homes, 56% were sold under asking, 25% were sold at asking, and 19% were sold over asking.

Days on Market for Edisto 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 24 Days Ago

Newest Listings in Edisto Island, SC

Nearby Markets to Edisto Island, SC

What housing markets are near Edisto Island, SC?