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 Dec 26 2024
This week the median list price for Hilton Head Island, SC 29928 is $2,149,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has increased to 121. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Hilton Head Island, SC 29928

Thu Dec 26 2024
This week the median list price for Hilton Head Island, SC 29928 is $2,149,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has increased to 121. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Hilton Head Island market.
Median List Price $2,149,000
Median Price of New Listings $1,699,000
Per Square Foot $632
Average Days on Market 133
Median Days on Market 70
Price Decreased 39%
Price Increased 0%
Relisted 2%
Inventory 121
Median Rent
Market Action 33
Slight Seller's Advantage

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.

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
$4,197,000 5,161 0.25 - 0.5 acre 5 6.3 22 2 1 87
$2,772,000 3,950 0.25 - 0.5 acre 5 5 25 2 1 80
$1,699,000 3,152 0.25 - 0.5 acre 4 4 32 5 2 56
$1,299,000 2,103 0.25 - 0.5 acre 3 3 37 2 2 70