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 Aug 01 2021
This week the median list price for Hilton Head Island, SC 29928 is $1,850,000 with the market action index hovering around 51. This is less than last month's market action index of 52. Inventory has increased to 69. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Hilton Head Island, SC 29928

Sun Aug 01 2021
This week the median list price for Hilton Head Island, SC 29928 is $1,850,000 with the market action index hovering around 51. This is less than last month's market action index of 52. Inventory has increased to 69. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Hilton Head Island market.
Median List Price $1,850,000
Median Price of New Listings $1,499,900
Per Square Foot $511
Average Days on Market 74
Median Days on Market 35
Price Decreased 19%
Price Increased 7%
Relisted 6%
Inventory 69
Median Rent $4,900
Market Action 51
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$4,275,000 4,842 0.5 - 1 acre 6 6 18 3 0 42
$2,495,000 4,022 0.25 - 0.5 acre 5 5 28 2 1 49
$1,499,000 3,040 0.25 - 0.5 acre 4 4 34 3 1 28
$772,000 2,419 6,500 - 8,000 sqft 3 2 38 5 1 21