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

Thu Mar 23 2023
This week the median list price for Hilton Head Island, SC 29928 is $1,784,835 with the market action index hovering around 32. This is less than last month's market action index of 37. Inventory has increased to 107. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Hilton Head Island, SC 29928

Thu Mar 23 2023
This week the median list price for Hilton Head Island, SC 29928 is $1,784,835 with the market action index hovering around 32. This is less than last month's market action index of 37. Inventory has increased to 107. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Hilton Head Island market.
Median List Price $1,784,835
Median Price of New Listings $1,497,500
Per Square Foot $646
Average Days on Market 136
Median Days on Market 98
Price Decreased 24%
Price Increased 1%
Relisted 2%
Inventory 107
Median Rent
Market Action 32
Slight Seller's Advantage

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$4,245,000 4,694 0.25 - 0.5 acre 6 6.5 20 3 1 203
$2,299,000 3,316 0.25 - 0.5 acre 5 4.5 31 1 1 161
$1,359,000 2,690 0.25 - 0.5 acre 4 3.5 39 5 1 42
$40,000 2,416 0.25 - 0.5 acre 2 2 32 3 1 77