Is Edisto Island, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Edisto Island was a Seller's Market.
Key Takeaway
Edisto Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Edisto Island, SC
How much do homes in Edisto Island, SC cost?
Median Sold Price
$825,000
$512/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Edisto Island have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in Edisto Island was $825,000 in June 2024, up 14.7% from last year, and the median price per square foot was $512.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $229.4K | $257.5K | +12.2% |
| 2 Bedrooms | $369.7K | $410K | +10.9% |
| 3 Bedrooms | $722K | $595K | -17.6% |
| 4 Bedrooms | $858.5K | $1.0M | +19.8% |
| 5+ Bedrooms | $1.3M | $1.6M | +24.5% |
Summary: Edisto Island housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.2%, 2 bedroom homes increased by 10.9%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes increased by 24.5%.
Median Sold Price Compared To Nearby Cities
| Green Pond | $672.5K | $825K | +22.7% |
| Edisto Island | $719.5K | $825K | +14.7% |
| Edisto Beach | $650K | $740.5K | +13.9% |
| Kiawah Island-Seabrook Island | $992.4K | $955K | -3.8% |
Housing Supply in Edisto Island, SC
How many homes are available in Edisto Island, SC?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 59 | 55 | -6.8% |
Summary: The Edisto Island real estate market had 55 homes for sale in June 2024, a 6.8% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 22 | 20 | -9.1% |
| 4 Bedrooms | 16 | 13 | -18.8% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Edisto Island housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 16 | 7 | -56.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edisto Island, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Edisto Island in June 2024, down by 56.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% 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
