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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Seabrook Island is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Seabrook Island was a Seller's Market.

Key Takeaway

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 in Seabrook Island, SC

How much do homes in Seabrook Island, SC cost?

Median Sold Price

$845,000

$551/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$30,000(+3.7%)

Key Takeaway

Homes in Seabrook Island have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in Seabrook Island was $845,000 in March 2024, up 3.7% from last year, and the median price per square foot was $551.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $422.5K$415K
-1.8%
2 $649.7K$632.7K
-2.6%
3 $987K$1.0M
+11.3%
4 $1.4M$1.5M
+11.9%
5+ $1.2M$2.3M
+84.1%

Summary: Seabrook Island housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 84.1%.

Median Sold Price Compared To Nearby Cities

Kiawah Island-Seabrook Island
+13.7%
Seabrook Island
+3.7%
Wadmalaw Island
+1.4%
Kiawah Island
-17.2%

Housing Supply in Seabrook Island, SC

How many homes are available in Seabrook Island, SC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
7288+22.2%

Summary: The Seabrook Island real estate market had 88 homes for sale in March 2024, a 22.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1214
+16.7%
2 2025
+25.0%
3 1419
+35.7%
4 1920
+5.3%
5+ 710
+42.9%

Summary: The Seabrook Island housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 35.7%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 42.9%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1013+30.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Seabrook Island, you may be able to get a good deal. 84.6% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Seabrook Island in March 2024, up by 30.0% month-over-month. Of the 13 sold homes, 85% were sold under asking, 8% were sold at asking, and 8% were sold over asking.

Days on Market for Seabrook Island, SC

We’re sorry, we don't have information for this market at the moment

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

Report Updated 24 Days Ago

Newest Listings in Seabrook Island, SC

Nearby Markets to Seabrook Island, SC

What housing markets are near Seabrook Island, SC?