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 June 2023
At the same time last year, Sullivan's Island was a Seller's Market.
Housing Prices in Sullivan's Island, SC
How much do homes in Sullivan's Island, SC cost?
Median Sold Price
$2,825,000
$1,305/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Sullivan's Island was $2,825,000 in June 2024, down 37.2% from last year, and the median price per square foot was $1,305.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $647.5K | - | N/A |
2 Bedrooms | $2.2M | $1.8M | -17.5% |
3 Bedrooms | $2.9M | $2.5M | -13.0% |
4 Bedrooms | $4.8M | $3.5M | -28.2% |
5+ Bedrooms | $5.2M | $5.7M | +8.8% |
Summary: Sullivan's Island housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.5%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 28.2%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Cities
Isle of Palms | $1.4M | $1.6M | +16.5% |
Mount Pleasant | $739.4K | $840.8K | +13.7% |
Sullivan's Island | $4.5M | $2.8M | -37.2% |
Housing Supply in Sullivan's Island, SC
How many homes are available in Sullivan's Island, SC?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
23 | 33 | +43.5% |
Summary: The Sullivan's Island real estate market had 33 homes for sale in June 2024, a 43.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 6 | 8 | +33.3% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 6 | 11 | +83.3% |
Summary: The Sullivan's Island housing inventory by bedroom type for June 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 33.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 83.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Sullivan's Island in June 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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