Is Wadmalaw Island, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
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
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $650K | $1.2M | +92.3% |
| 3 Bedrooms | $885K | $480K | -45.8% |
| 4 Bedrooms | $909K | $775K | -14.7% |
| 5+ Bedrooms | $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 | $958.5K | $1.0M | +13.7% |
| Johns Island | $608.8K | $649.1K | +6.6% |
| Seabrook Island | $815K | $845K | +3.7% |
| Wadmalaw Island | $885K | $897.5K | +1.4% |
Housing Supply in Wadmalaw Island, SC
How many homes are available in Wadmalaw Island, SC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +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
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 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 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
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
