Is 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, Seabrook Island was a Seller's Market.
Key Takeaway
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 Seabrook Island, SC
How much do homes in Seabrook Island, SC cost?
Median Sold Price
$845,000
$551/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Seabrook Island have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Seabrook Island was $845,000 in March 2024, up 3.7% from last year, and the median price per square foot was $551.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $422.5K | $415K | -1.8% |
| 2 Bedrooms | $649.7K | $632.7K | -2.6% |
| 3 Bedrooms | $987K | $1.0M | +11.3% |
| 4 Bedrooms | $1.4M | $1.5M | +11.9% |
| 5+ Bedrooms | $1.2M | $2.3M | +84.1% |
Summary: Seabrook Island housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 84.1%.
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 Seabrook Island, SC
How many homes are available in Seabrook Island, SC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 72 | 88 | +22.2% |
Summary: The Seabrook Island real estate market had 88 homes for sale in March 2024, a 22.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 14 | +16.7% |
| 2 Bedrooms | 20 | 25 | +25.0% |
| 3 Bedrooms | 14 | 19 | +35.7% |
| 4 Bedrooms | 19 | 20 | +5.3% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Seabrook Island housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 35.7%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Seabrook Island, you may be able to get a good deal. 84.6% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Seabrook Island in March 2024, up by 30.0% month-over-month. Of the 13 sold homes, 85% were sold under asking, 8% were sold at asking, and 8% were sold over asking.
Days on Market for Seabrook Island, SC
We’re sorry, we don't have information for this market at the moment
