Collins Group Realty
Hilton Head Island, SC 29928
Single-Family Homes
Hilton Head, Bluffton & Beaufort Area Real Estate Specialists | (843) 341-6300
Hilton Head Island, SC 29928
Tue Apr 16 2024
This week the median list price for Hilton Head Island, SC 29928 is $2,339,500 with the market action index hovering around 37. This is an increase over last month's market action index of 34. Inventory has increased to 100.
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 | $2,339,500 | |
| Median Price of New Listings | $1,790,000 | |
| Per Square Foot | $659 | |
| Average Days on Market | 134 | |
| Median Days on Market | 56 | |
| Price Decreased | 30% | |
| Price Increased | 6% | |
| Relisted | 10% | |
| Inventory | 100 | |
| Median Rent | ||
| Market Action | 37 | |
| 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.
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 |
|---|---|---|---|---|---|---|---|---|
| $5,695,000 | 5,418 | 0.25 - 0.5 acre | 6 | 6 | 25 | 2 | 0 | 168 |
| $2,895,000 | 4,285 | 0.25 - 0.5 acre | 5 | 5.5 | 34 | 2 | 3 | 42 |
| $1,850,000 | 3,333 | 0.25 - 0.5 acre | 5 | 4 | 30 | 3 | 5 | 56 |
| $949,000 | 2,014 | 8,000 - 10,000 sqft | 3 | 2.5 | 37 | 4 | 3 | 28 |