Is Kiawah Island, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Kiawah Island has remained a Seller's Market.
Key Takeaway
Kiawah Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Kiawah Island, SC cost?
Median Sold Price
$1,320,000
$778/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Kiawah Island have sold for 10% more than they did a year ago.
Summary: The median home sold price in Kiawah Island was $1,320,000 in August 2023, up 10% from last year, and the median price per square foot was $778.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $470K | +17.5% |
| 2 Bedrooms | $717K | $764.5K | +6.6% |
| 3 Bedrooms | $1.1M | $1.3M | +17.4% |
| 4 Bedrooms | $2.2M | $2.2M | +3.1% |
| 5+ Bedrooms | $2.1M | $4.3M | +99.8% |
Summary: Kiawah Island housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 17.5%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 99.8%.
Median Sold Price Compared To Nearby Cities
| Kiawah Island-Seabrook Island | $836.5K | $1.0M | +22.9% |
| Seabrook Island | $715K | $875K | +22.4% |
| Johns Island | $531K | $641.7K | +20.8% |
| Kiawah Island | $1.2M | $1.3M | +10.0% |
| James Island | $498K | $535K | +7.4% |
Housing Supply
How many homes are available in Kiawah Island, SC?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 37 | 45 | +21.6% |
Summary: The Kiawah Island real estate market had 45 homes for sale in August 2023, a 21.6% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 9 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Kiawah Island housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Kiawah Island, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Kiawah Island in August 2023, up by 66.7% month-over-month. Of the 10 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% were sold over asking.
