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 March 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

$897,500

$322/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$12,500(+1.4%)

Key Takeaway

Homes in Wadmalaw Island have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Wadmalaw Island was $897,500 in March 2024, up 1.4% from last year, and the median price per square foot was $322.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $650K$1.2M
+92.3%
3 $885K$480K
-45.8%
4 $909K$775K
-14.7%
5+ $2.1M$1.3M
-36.8%

Summary: Wadmalaw 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 92.3%, 3 bedroom homes decreased by 45.8%, 4 bedroom homes decreased by 14.7%, and 5+ bedroom homes decreased by 36.8%.

Median Sold Price Compared To Nearby Cities

Kiawah Island-Seabrook Island
+13.7%
Johns Island
+6.6%
Seabrook Island
+3.7%
Wadmalaw Island
+1.4%

Housing Supply in Wadmalaw Island, SC

How many homes are available in Wadmalaw Island, SC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1516+6.7%

Summary: The Wadmalaw Island real estate market had 16 homes for sale in March 2024, a 6.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 46
+50.0%
4 55
0.0%
5+ 55
0.0%

Summary: The Wadmalaw Island housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 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, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Wadmalaw Island in March 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% 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 20 Days Ago

Newest Listings in Wadmalaw Island, SC

Nearby Markets to Wadmalaw Island, SC

What housing markets are near Wadmalaw Island, SC?