Hilton Head Real Estate Partners Weekly Market Update

Okatie, SC 29909

Single-Family Homes

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Okatie, SC 29909

Sun May 29 2022
This week the median list price for Okatie, SC 29909 is $782,450 with the market action index hovering around 75. This is less than last month's market action index of 77. Inventory has increased to 50. Click here to stay informed with the Okatie market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Okatie, SC 29909

Sun May 29 2022
This week the median list price for Okatie, SC 29909 is $782,450 with the market action index hovering around 75. This is less than last month's market action index of 77. Inventory has increased to 50. Click here to stay informed with the Okatie market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Okatie market.
Median List Price $782,450
Median Price of New Listings $550,000
Per Square Foot $301
Average Days on Market 43
Median Days on Market 18
Price Decreased 18%
Price Increased 4%
Relisted 22%
Inventory 50
Median Rent
Market Action 75
Strong Seller's Market

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,925,000 4,882 1 - 2.5 acres 4 4.5 19 1 2 35
$1,087,005 3,228 0.25 - 0.5 acre 4 3.5 16 2 0 31
$619,000 2,328 8,000 - 10,000 sqft 3 2.5 15 7 8 0
$440,000 1,931 8,000 - 10,000 sqft 3 2 17 7 7 0