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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wadmalaw Island is a buyer's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

Wadmalaw Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Wadmalaw Island, SC

How much do homes in Wadmalaw Island, SC cost?

Median Sold Price

$1,165,000

$503/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$510,000(+77.9%)

Key Takeaway

Homes in Wadmalaw Island have sold for 77.9% more than they did a year ago.

Summary: The median home sold price in Wadmalaw Island was $1,165,000 in September 2024, up 77.9% from last year, and the median price per square foot was $503.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $1.0M$1.0M
+7.4%
3 $536.5K$1.1M
+105.0%
4 $761.5K$900K
+18.2%
5+ $1.3M$1.5M
+12.4%

Summary: Wadmalaw Island housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 105%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 12.4%.

Median Sold Price Compared To Nearby Cities

Wadmalaw Island
+77.9%
Kiawah Island-Seabrook Island
+4.8%
Seabrook Island
+2.3%
Johns Island
-0.4%

Housing Supply in Wadmalaw Island, SC

How many homes are available in Wadmalaw Island, SC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1316+23.1%

Summary: The Wadmalaw Island real estate market had 16 homes for sale in September 2024, a 23.1% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 57
+40.0%
4 22
0.0%
5+ 55
0.0%

Summary: The Wadmalaw Island housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wadmalaw Island, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Wadmalaw Island in September 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Wadmalaw 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 30 Days Ago

Newest Listings in Wadmalaw Island, SC

Nearby Markets to Wadmalaw Island, SC

What housing markets are near Wadmalaw Island, SC?