Is Pawleys 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, Pawleys Island was a Seller's Market.
Key Takeaway
Pawleys 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 Pawleys Island, SC
How much do homes in Pawleys Island, SC cost?
Median Sold Price
$523,000
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pawleys Island have sold for 21.6% more than they did a year ago.
Summary: The median home sold price in Pawleys Island was $523,000 in April 2024, up 21.6% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $224.9K | $345.5K | +53.6% |
| 2 Bedrooms | $256.5K | $306.2K | +19.4% |
| 3 Bedrooms | $405K | $480.6K | +18.7% |
| 4 Bedrooms | $621K | $727.5K | +17.1% |
| 5+ Bedrooms | $852.5K | $1.1M | +35.5% |
Summary: Pawleys Island housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.6%, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 18.7%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 35.5%.
Median Sold Price Compared To Nearby Cities
| Pawleys Island | $430.1K | $523K | +21.6% |
| Waccamaw Neck | $465K | $538.2K | +15.8% |
Housing Supply in Pawleys Island, SC
How many homes are available in Pawleys Island, SC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 309 | 308 | -0.3% |
Summary: The Pawleys Island real estate market had 308 homes for sale in April 2024, a 0.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 15 | +36.4% |
| 2 Bedrooms | 50 | 54 | +8.0% |
| 3 Bedrooms | 156 | 144 | -7.7% |
| 4 Bedrooms | 68 | 70 | +2.9% |
| 5+ Bedrooms | 24 | 25 | +4.2% |
Summary: The Pawleys Island housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 36.4%, 2 bedroom homes increased by 8%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 4.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 66 | 46 | -30.3% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pawleys Island, you may be able to get a good deal. 67.4% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in Pawleys Island in April 2024, down by 30.3% month-over-month. Of the 46 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Pawleys Island, SC
How long does it take to sell a home in Pawleys Island, SC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 121 Days | 95 Days | -22.0% |
Summary: Homes in Pawleys Island had an average of 95 days on market in Apr 2024, down by 22% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pawleys Island has remained consistent over time.
Summary: During April 2024, 46 homes were sold in Pawleys Island; 2% of homes were sold within 30 days, 65% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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