Is Hanahan, 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, Hanahan was a Seller's Market.
Key Takeaway
Hanahan is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hanahan, SC
How much do homes in Hanahan, SC cost?
Median Sold Price
$405,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hanahan have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Hanahan was $405,000 in April 2024, up 5.2% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $166K | +32.8% |
| 2 Bedrooms | $250K | $270K | +8.0% |
| 3 Bedrooms | $375K | $385K | +2.7% |
| 4 Bedrooms | $465K | $486.4K | +4.6% |
| 5+ Bedrooms | $552.5K | $606.2K | +9.7% |
Summary: Hanahan housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.8%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Cities
| Hanahan | $385K | $405K | +5.2% |
| North Charleston | $322.4K | $336.4K | +4.4% |
| Goose Creek | $324.9K | $326K | 0.3% |
| Goose Creek-Hanahan | $374.3K | $373.3K | -0.3% |
Housing Supply in Hanahan, SC
How many homes are available in Hanahan, SC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 60 | 74 | +23.3% |
Summary: The Hanahan real estate market had 74 homes for sale in April 2024, a 23.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 27 | 34 | +25.9% |
| 4 Bedrooms | 17 | 22 | +29.4% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Hanahan 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 remained the same, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 8 | -57.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hanahan, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Hanahan in April 2024, down by 57.9% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for Hanahan, SC
We’re sorry, we don't have information for this market at the moment
