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 March 2023
Since last year, Isle of Palms has remained a Seller's Market.
Housing Prices in Isle of Palms, SC
How much do homes in Isle of Palms, SC cost?
Median Sold Price
$1,600,000
$807/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Isle of Palms was $1,600,000 in March 2024, up 6.7% from last year, and the median price per square foot was $807.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $548.7K | $470K | -14.4% |
2 Bedrooms | $792K | $810K | +2.3% |
3 Bedrooms | $1.4M | $1.3M | -10.3% |
4 Bedrooms | $2.0M | $1.9M | -2.5% |
5+ Bedrooms | $3.4M | $3.1M | -9.2% |
Summary: Isle of Palms housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.4%, 2 bedroom homes increased by 2.3%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 9.2%.
Median Sold Price Compared To Nearby Cities
Isle of Palms | $1.5M | $1.6M | +6.7% |
Sullivan's Island | $4.7M | $2.9M | -39.3% |
Housing Supply in Isle of Palms, SC
How many homes are available in Isle of Palms, SC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
96 | 116 | +20.8% |
Summary: The Isle of Palms real estate market had 116 homes for sale in March 2024, a 20.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 7 | +75.0% |
2 Bedrooms | 19 | 20 | +5.3% |
3 Bedrooms | 21 | 29 | +38.1% |
4 Bedrooms | 23 | 27 | +17.4% |
5+ Bedrooms | 29 | 33 | +13.8% |
Summary: The Isle of Palms housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 38.1%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 13.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 21 | +75.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Isle of Palms in March 2024, up by 75.0% month-over-month. Of the 21 sold homes, 90% were sold under asking, 5% were sold at asking, and 5% 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