Collins Group Realty

Hilton Head Island, SC 29928

Condos/Townhomes

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


Hilton Head Island, SC 29928

Thu Dec 26 2024
This week the median list price for Hilton Head Island, SC 29928 is $485,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has decreased to 275. 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 Buyer's Advantage

Market Narrative

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Hilton Head Island, SC 29928

Thu Dec 26 2024
This week the median list price for Hilton Head Island, SC 29928 is $485,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has decreased to 275. 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 Buyer's Advantage

Market Narrative

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Hilton Head Island market.
Median List Price $485,000
Median Price of New Listings $477,500
Per Square Foot $488
Average Days on Market 125
Median Days on Market 91
Price Decreased 40%
Price Increased 1%
Relisted 5%
Inventory 275
Median Rent
Market Action 29
Slight Buyer's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices 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
$850,000 1,404 0 - 4,500 sqft 2 2 44 4 2 77
$549,000 1,129 N/A 2 2 43 2 3 84
$389,500 885 0 - 4,500 sqft 2 2 44 4 1 84
$295,000 831 - 2 2 43 3 2 105