Is Ocean Keyes, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Ocean Keyes has remained a Seller's Market.
Key Takeaway
Ocean Keyes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ocean Keyes, SC
How much do homes in Ocean Keyes, SC cost?
Median Sold Price
$424,900
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ocean Keyes have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in Ocean Keyes was $424,900 in May 2024, up 11.8% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $335K | $333.8K | -0.3% |
| 3 Bedrooms | $429K | $450K | +4.9% |
| 4 Bedrooms | $718.4K | $682.9K | -4.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Ocean Keyes housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Tilghman Estates | $390K | $620K | +59.0% |
| Ocean Keyes | $380K | $424.9K | +11.8% |
Housing Supply in Ocean Keyes, SC
How many homes are available in Ocean Keyes, SC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Summary: The Ocean Keyes real estate market had 11 homes for sale in May 2024, a 15.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ocean Keyes housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ocean Keyes, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Ocean Keyes in May 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Ocean Keyes, SC
How long does it take to sell a home in Ocean Keyes, SC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 94 Days | 110 Days | +16.6% |
Summary: Homes in Ocean Keyes had an average of 110 days on market in May 2024, up by 16.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Ocean Keyes are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 3 homes were sold in Ocean Keyes; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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