Is Kiawah Island, 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, 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 in Kiawah Island, SC
How much do homes in Kiawah Island, SC cost?
Median Sold Price
$1,240,000
$786/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Kiawah Island have sold for 17.2% less than they did a year ago.
Summary: The median home sold price in Kiawah Island was $1,240,000 in March 2024, down 17.2% from last year, and the median price per square foot was $786.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $455K | $505K | +11.0% |
| 2 Bedrooms | $775K | $799K | +3.1% |
| 3 Bedrooms | $1.5M | $1.1M | -20.1% |
| 4 Bedrooms | $2.5M | $2.2M | -13.1% |
| 5+ Bedrooms | $4.2M | $3.0M | -27.4% |
Summary: Kiawah Island housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 20.1%, 4 bedroom homes decreased by 13.1%, and 5+ bedroom homes decreased by 27.4%.
Median Sold Price Compared To Nearby Cities
| Kiawah Island-Seabrook Island | $958.5K | $1.0M | +13.7% |
| Johns Island | $608.8K | $649.1K | +6.6% |
| James Island | $529.9K | $550K | +3.8% |
| Seabrook Island | $815K | $845K | +3.7% |
| Kiawah Island | $1.4M | $1.2M | -17.2% |
Housing Supply in Kiawah Island, SC
How many homes are available in Kiawah Island, SC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 44 | 61 | +38.6% |
Summary: The Kiawah Island real estate market had 61 homes for sale in March 2024, a 38.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 9 | +125.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 10 | 15 | +50.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 10 | 16 | +60.0% |
Summary: The Kiawah Island housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 125%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 11 | +450.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kiawah Island, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Kiawah Island in March 2024, up by 450.0% month-over-month. Of the 11 sold homes, 82% were sold under asking, 18% were sold at asking, and 0% were sold over asking.
Days on Market for Kiawah Island, SC
We’re sorry, we don't have information for this market at the moment
