Is Sullivan's 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, Sullivan's Island has remained a Seller's Market.
Housing Prices in Sullivan's Island, SC
How much do homes in Sullivan's Island, SC cost?
Median Sold Price
$2,900,000
$1,308/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sullivan's Island was $2,900,000 in March 2024, down 39.3% from last year, and the median price per square foot was $1,308.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $647.5K | - | N/A |
2 Bedrooms | $1.3M | $2.4M | +78.4% |
3 Bedrooms | $2.7M | $2.6M | -1.9% |
4 Bedrooms | $4.8M | $3.9M | -20.0% |
5+ Bedrooms | $5.5M | $4.7M | -14.5% |
Summary: Sullivan's Island housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 78.4%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 14.5%.
Median Sold Price Compared To Nearby Cities
Mount Pleasant | $735.2K | $801.1K | +9.0% |
Isle of Palms | $1.5M | $1.6M | +6.7% |
Sullivan's Island | $4.7M | $2.9M | -39.3% |
Housing Supply in Sullivan's Island, SC
How many homes are available in Sullivan's Island, SC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 22 | +57.1% |
Summary: The Sullivan's Island real estate market had 22 homes for sale in March 2024, a 57.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 2 | 4 | +100.0% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Sullivan's Island housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
0 | 5 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Sullivan's Island in March 2024, up by 100.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Sullivan's Island, SC
We’re sorry, we don't have information for this market at the moment