Collins Group Realty

Hilton Head Island, SC 29926

Single-Family Homes

Hilton Head, Bluffton & Beaufort Area Real Estate Specialists | (843) 341-6300


Hilton Head Island, SC 29926

Sat Sep 07 2024
This week the median list price for Hilton Head Island, SC 29926 is $872,000 with the market action index hovering around 41. This is less than last month's market action index of 43. Inventory has decreased to 64. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Hilton Head Island, SC 29926

Sat Sep 07 2024
This week the median list price for Hilton Head Island, SC 29926 is $872,000 with the market action index hovering around 41. This is less than last month's market action index of 43. Inventory has decreased to 64. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Hilton Head Island market.
Median List Price $872,000
Median Price of New Listings $869,000
Per Square Foot $369
Average Days on Market 74
Median Days on Market 53
Price Decreased 63%
Price Increased 0%
Relisted 5%
Inventory 64
Median Rent
Market Action 41
Slight Seller's Advantage

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$1,999,499 5,099 0.25 - 0.5 acre 5 4.8 18 1 0 84
$1,049,500 2,675 0.5 - 1 acre 3 3.3 28 1 4 59
$780,000 2,127 8,000 - 10,000 sqft 3 2.5 30 2 1 45
$623,950 1,773 4,500 - 6,500 sqft 3 2.3 27 1 2 35