Is Edisto Island, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Edisto Island was a Seller's Market.
Key Takeaway
Edisto Island is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Edisto Island, SC
How much do homes in Edisto Island, SC cost?
Median Sold Price
$723,000
$464/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Edisto Island has remained the same since last year.
Summary: The median home sold price in Edisto Island was $723,000 in April 2024, down 0.3% from last year, and the median price per square foot was $464.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $234K | -0.4% |
| 2 Bedrooms | $375K | $399K | +6.4% |
| 3 Bedrooms | $725K | $580.7K | -19.9% |
| 4 Bedrooms | $799K | $902.6K | +13.0% |
| 5+ Bedrooms | $1.2M | $1.7M | +42.4% |
Summary: Edisto Island housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes increased by 6.4%, 3 bedroom homes decreased by 19.9%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 42.4%.
Median Sold Price Compared To Nearby Cities
| Kiawah Island-Seabrook Island | $953.5K | $1.0M | +11.3% |
| Wadmalaw Island | $868K | $948.5K | +9.3% |
| Edisto Island | $725K | $723K | -0.3% |
| Green Pond | $690K | $685K | -0.7% |
| Edisto Beach | $704.5K | $650K | -7.7% |
Housing Supply in Edisto Island, SC
How many homes are available in Edisto Island, SC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 58 | 56 | -3.4% |
Summary: The Edisto Island real estate market had 56 homes for sale in April 2024, a 3.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 13 | 10 | -23.1% |
| 3 Bedrooms | 14 | 19 | +35.7% |
| 4 Bedrooms | 20 | 18 | -10.0% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Edisto Island housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 23.1%, 3 bedroom homes increased by 35.7%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 9 | -47.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edisto Island, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Edisto Island in April 2024, down by 47.1% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for Edisto Island, SC
We’re sorry, we don't have information for this market at the moment
