Hilton Head Real Estate Partners Weekly Market Update

Okatie, SC 29909

Single-Family Homes

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Okatie, SC 29909

Sun Aug 01 2021
This week the median list price for Okatie, SC 29909 is $660,000 with the market action index hovering around 77. This is less than last month's market action index of 80. Inventory has held steady at or around 46. 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 conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Okatie, SC 29909

Sun Aug 01 2021
This week the median list price for Okatie, SC 29909 is $660,000 with the market action index hovering around 77. This is less than last month's market action index of 80. Inventory has held steady at or around 46. 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 conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Okatie market.
Median List Price $660,000
Median Price of New Listings $535,000
Per Square Foot $258
Average Days on Market 32
Median Days on Market 18
Price Decreased 17%
Price Increased 4%
Relisted 13%
Inventory 46
Median Rent $1,838
Market Action 77
Strong Seller's Market

You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$1,589,000 4,644 0.5 - 1 acre 4 4 15 1 1 49
$1,175,000 3,680 0.5 - 1 acre 4 3 11 0 2 28
$550,395 2,712 0.25 - 0.5 acre 3 3 10 5 4 7
$394,500 1,868 6,500 - 8,000 sqft 2 2 15 5 8 10