$10,000 Closing Credit*
$2,150,000
1,644 SqFt
3 Beds
•3 Full Baths
Listing Office: The Cassina Group
Is Isle of Palms, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Isle of Palms was a Seller's Market.
Key Takeaway
Isle of Palms is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Isle of Palms, SC
How much do homes in Isle of Palms, SC cost?
Median Sold Price
$1,662,500
$828/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$137,500(+9.0%)
Key Takeaway
Homes in Isle of Palms have sold for 9% more than they did a year ago.
Summary: The median home sold price in Isle of Palms was $1,662,500 in September 2024, up 9% from last year, and the median price per square foot was $828.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $550K | $536.5K | -2.5% |
| 2 Bedrooms | $762K | $850K | +11.5% |
| 3 Bedrooms | $1.3M | $1.3M | -2.2% |
| 4 Bedrooms | $1.9M | $2.0M | +2.6% |
| 5+ Bedrooms | $3.5M | $2.9M | -16.8% |
Summary: Isle of Palms housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.5%, 2 bedroom homes increased by 11.5%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 16.8%.
Housing Supply in Isle of Palms, SC
How many homes are available in Isle of Palms, SC?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 102 | 103 | +1.0% |
Summary: The Isle of Palms real estate market had 103 homes for sale in September 2024, a 1.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 9 | +28.6% |
| 2 Bedrooms | 18 | 16 | -11.1% |
| 3 Bedrooms | 24 | 23 | -4.2% |
| 4 Bedrooms | 27 | 27 | 0.0% |
| 5+ Bedrooms | 26 | 28 | +7.7% |
Summary: The Isle of Palms housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Isle of Palms, you may be able to get a good deal. 93.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Isle of Palms in September 2024, the same as the previous month. Of the 16 sold homes, 94% were sold under asking, 0% were sold at asking, and 6% were sold over asking.
Days on Market for Isle of Palms, SC
We’re sorry, we don't have information for this market at the moment
