Is Kiawah Island-Seabrook Island, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2022
At the same time last year, Kiawah Island-Seabrook Island was a Seller's Market.
Key Takeaway
Kiawah Island-Seabrook Island is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices
How much do homes in Kiawah Island-Seabrook Island, SC cost?
Median Sold Price
$1,061,000
$624/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2022
Key Takeaway
Homes in Kiawah Island-Seabrook Island have sold for 21.8% more than they did a year ago.
Summary: The median home sold price in Kiawah Island-Seabrook Island was $1,061,000 in October 2023, up 21.8% from last year, and the median price per square foot was $624.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2022 | Oct 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $469K | $440K | -6.2% |
| 2 Bedrooms | $675K | $702.2K | +4.0% |
| 3 Bedrooms | $925K | $1.1M | +26.5% |
| 4 Bedrooms | $1.6M | $1.8M | +8.9% |
| 5+ Bedrooms | $1.8M | $3.1M | +71.6% |
Summary: Kiawah Island-Seabrook Island housing prices by bedroom type for October 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 6.2%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 26.5%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 71.6%.
Median Sold Price Compared To Nearby Cities
| Kiawah Island-Seabrook Island | $870.9K | $1.0M | +21.8% |
| Seabrook Island | $749.1K | $875K | +16.8% |
| Kiawah Island | $1.2M | $1.2M | +7.0% |
Housing Supply
How many homes are available in Kiawah Island-Seabrook Island, SC?
Number of Homes For Sale
| Sep 2023 | Oct 2023 | CHANGE |
|---|---|---|
| 122 | 134 | +9.8% |
Summary: The Kiawah Island-Seabrook Island real estate market had 134 homes for sale in October 2023, a 9.8% increase compared to September 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Oct 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 23 | +15.0% |
| 2 Bedrooms | 26 | 30 | +15.4% |
| 3 Bedrooms | 23 | 26 | +13.0% |
| 4 Bedrooms | 33 | 35 | +6.1% |
| 5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The Kiawah Island-Seabrook Island housing inventory by bedroom type for October 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 15%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2023 | Oct 2023 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kiawah Island-Seabrook Island, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Kiawah Island-Seabrook Island in October 2023, down by 4.3% month-over-month. Of the 22 sold homes, 50% were sold under asking, 32% were sold at asking, and 18% were sold over asking.
