Is Pawleys 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, Pawleys Island has remained a Seller's Market.
Housing Prices in Pawleys Island, SC
How much do homes in Pawleys Island, SC cost?
Median Sold Price
$524,142
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Pawleys Island was $524,142 in March 2024, up 23.3% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $222K | $287.5K | +29.5% |
2 Bedrooms | $256.5K | $305K | +18.9% |
3 Bedrooms | $395.1K | $482K | +22.0% |
4 Bedrooms | $614.4K | $722.2K | +17.5% |
5+ Bedrooms | $916.5K | $1.2M | +40.5% |
Summary: Pawleys Island housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.5%, 2 bedroom homes increased by 18.9%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 40.5%.
Median Sold Price Compared To Nearby Cities
Pawleys Island | $425.2K | $524.1K | +23.3% |
Waccamaw Neck | $463.2K | $542.4K | +17.1% |
Housing Supply in Pawleys Island, SC
How many homes are available in Pawleys Island, SC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
264 | 302 | +14.4% |
Summary: The Pawleys Island real estate market had 302 homes for sale in March 2024, a 14.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 9 | +12.5% |
2 Bedrooms | 45 | 47 | +4.4% |
3 Bedrooms | 134 | 155 | +15.7% |
4 Bedrooms | 56 | 66 | +17.9% |
5+ Bedrooms | 21 | 25 | +19.0% |
Summary: The Pawleys Island housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 19%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 61 | +74.3% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 61 homes were sold or pending in Pawleys Island in March 2024, up by 74.3% month-over-month. Of the 61 sold homes, 72% were sold under asking, 18% were sold at asking, and 10% were sold over asking.
Days on Market for Pawleys Island, SC
How long does it take to sell a home in Pawleys Island, SC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
89 Days | 95 Days | +7.3% |
Summary: Homes in Pawleys Island had an average of 95 days on market in Mar 2024, up by 7.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Summary: During March 2024, 61 homes were sold in Pawleys Island; 16% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.