Is Kiawah Island-Seabrook 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, Kiawah Island-Seabrook Island was a Seller's Market.
Key Takeaway
Kiawah Island-Seabrook 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 Kiawah Island-Seabrook Island, SC
How much do homes in Kiawah Island-Seabrook Island, SC cost?
Median Sold Price
$1,090,000
$618/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Kiawah Island-Seabrook Island have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in Kiawah Island-Seabrook Island was $1,090,000 in March 2024, up 13.7% from last year, and the median price per square foot was $618.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $435K | $498.5K | +14.6% |
| 2 Bedrooms | $690K | $695K | +0.7% |
| 3 Bedrooms | $1.1M | $1.1M | +2.2% |
| 4 Bedrooms | $1.9M | $1.8M | -7.5% |
| 5+ Bedrooms | $2.2M | $2.5M | +15.9% |
Summary: Kiawah Island-Seabrook Island housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.6%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 15.9%.
Median Sold Price Compared To Nearby Cities
| Kiawah Island-Seabrook Island | $958.5K | $1.0M | +13.7% |
| Seabrook Island | $815K | $845K | +3.7% |
| Wadmalaw Island | $885K | $897.5K | +1.4% |
| Kiawah Island | $1.4M | $1.2M | -17.2% |
Housing Supply in Kiawah Island-Seabrook Island, SC
How many homes are available in Kiawah Island-Seabrook Island, SC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 119 | 152 | +27.7% |
Summary: The Kiawah Island-Seabrook Island real estate market had 152 homes for sale in March 2024, a 27.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 23 | +43.8% |
| 2 Bedrooms | 33 | 39 | +18.2% |
| 3 Bedrooms | 24 | 34 | +41.7% |
| 4 Bedrooms | 28 | 29 | +3.6% |
| 5+ Bedrooms | 18 | 27 | +50.0% |
Summary: The Kiawah Island-Seabrook Island housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 43.8%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 41.7%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 25 | +108.3% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Kiawah Island-Seabrook Island, you may be able to get a good deal. 84% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Kiawah Island-Seabrook Island in March 2024, up by 108.3% month-over-month. Of the 25 sold homes, 84% were sold under asking, 12% were sold at asking, and 4% were sold over asking.
Days on Market for Kiawah Island-Seabrook Island, SC
We’re sorry, we don't have information for this market at the moment
