Collins Group Realty
Hilton Head Island, SC 29926
Condos/Townhomes
Hilton Head, Bluffton & Beaufort Area Real Estate Specialists | (843) 341-6300
Hilton Head Island, SC 29926
Thu Mar 23 2023
This week the median list price for Hilton Head Island, SC 29926 is $369,000 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has increased to 33.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $369,000 | |
| Median Price of New Listings | $295,000 | |
| Per Square Foot | $309 | |
| Average Days on Market | 92 | |
| Median Days on Market | 49 | |
| Price Decreased | 30% | |
| Price Increased | 3% | |
| Relisted | 3% | |
| Inventory | 33 | |
| Median Rent | ||
| Market Action | 44 | |
| Slight Seller's Advantage | ||
Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move 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 |
|---|---|---|---|---|---|---|---|---|
| $1,210,000 | 2,317 | 0 - 4,500 sqft | 3 | 3 | 1 | 1 | 0 | 322 |
| $769,500 | 2,391 | 0 - 4,500 sqft | 3 | 3 | 25 | 1 | 0 | 70 |
| $295,000 | 1,025 | 0 - 4,500 sqft | 2 | 2 | 39 | 2 | 1 | 10 |
| $230,000 | 1,025 | 0 - 4,500 sqft | 2 | 2 | 41 | 3 | 1 | 14 |