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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing James Island is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in James Island, SC

How much do homes in James Island, SC cost?

Median Sold Price

$550,000

$337/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$20,041(+3.8%)

Key Takeaway

Homes in James Island have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in James Island was $550,000 in March 2024, up 3.8% from last year, and the median price per square foot was $337.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $233.7K$240K
+2.7%
2 $330K$372.5K
+12.9%
3 $535K$540K
+0.9%
4 $683K$709.5K
+3.9%
5+ $899.9K$1.1M
+22.2%

Summary: James Island housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 22.2%.

Median Sold Price Compared To Nearby Cities

Charleston
+9.4%
Charleston Central
+7.3%
Johns Island
+6.6%
James Island
+3.8%
Folly Beach
-1.2%

Housing Supply in James Island, SC

How many homes are available in James Island, SC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
232256+10.3%

Summary: The James Island real estate market had 256 homes for sale in March 2024, a 10.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 87
-12.5%
2 4852
+8.3%
3 97105
+8.2%
4 6067
+11.7%
5+ 1925
+31.6%

Summary: The James Island housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 31.6%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
4251+21.4%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in James Island, you may be able to get a good deal. 56.9% of homes here sold below asking price last month.

Summary: A total of 51 homes were sold or pending in James Island in March 2024, up by 21.4% month-over-month. Of the 51 sold homes, 57% were sold under asking, 16% were sold at asking, and 27% were sold over asking.

Days on Market for James 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 20 Days Ago

Newest Listings in James Island, SC

Nearby Markets to James Island, SC

What housing markets are near James Island, SC?