Hilton Head Real Estate Partners Weekly Market Update

Hilton Head Island, SC 29928

Single-Family Homes

www.hiltonheadrealestatepartners.com | team@hiltonheadrealestatepartners.com



Hilton Head Island, SC 29928

Sun May 29 2022
This week the median list price for Hilton Head Island, SC 29928 is $2,157,500 with the market action index hovering around 55. This is less than last month's market action index of 58. Inventory has increased to 80. Click here to stay informed with the Hilton Head Island 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.

Hilton Head Island, SC 29928

Sun May 29 2022
This week the median list price for Hilton Head Island, SC 29928 is $2,157,500 with the market action index hovering around 55. This is less than last month's market action index of 58. Inventory has increased to 80. Click here to stay informed with the Hilton Head Island 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 Hilton Head Island market.
Median List Price $2,157,500
Median Price of New Listings $1,037,500
Per Square Foot $691
Average Days on Market 40
Median Days on Market 28
Price Decreased 33%
Price Increased 5%
Relisted 6%
Inventory 80
Median Rent
Market Action 55
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
$3,997,500 4,639 0.25 - 0.5 acre 6 6.3 25 1 4 24
$2,272,500 3,223 8,000 - 10,000 sqft 5 4.3 27 1 3 28
$1,820,000 2,944 0.25 - 0.5 acre 4 4 24 1 2 35
$866,000 2,365 8,000 - 10,000 sqft 3 2.5 30 7 6 21