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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kiawah Island is a 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

+$120,000(+10.0%)

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

# BEDSAug 2022Aug 2023CHANGE
1 $400K$470K
+17.5%
2 $717K$764.5K
+6.6%
3 $1.1M$1.3M
+17.4%
4 $2.2M$2.2M
+3.1%
5+ $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
+22.9%
Seabrook Island
+22.4%
Johns Island
+20.8%
Kiawah Island
+10.0%
James Island
+7.4%

Housing Supply

How many homes are available in Kiawah Island, SC?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
3745+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

# BEDSJul 2023Aug 2023CHANGE
1 99
0.0%
2 87
-12.5%
3 710
+42.9%
4 912
+33.3%
5+ 47
+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 2023Aug 2023CHANGE
610+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

Asking vs Sold - buyer

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 25 Days Ago

Newest Listings

Nearby Markets

What housing markets are near Kiawah Island, SC?