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

Fri Dec 01 2023
This week the median list price for Hilton Head Island, SC 29928 is $2,099,000 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has decreased to 105. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Hilton Head Island, SC 29928

Fri Dec 01 2023
This week the median list price for Hilton Head Island, SC 29928 is $2,099,000 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has decreased to 105. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Hilton Head Island market.
Median List Price $2,099,000
Median Price of New Listings $1,147,500
Per Square Foot $599
Average Days on Market 128
Median Days on Market 70
Price Decreased 44%
Price Increased 2%
Relisted 5%
Inventory 105
Median Rent
Market Action 31
Slight Seller's Advantage

We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$5,275,000 4,836 0.25 - 0.5 acre 6 6 20 0 0 91
$2,625,000 4,503 0.25 - 0.5 acre 5 5.5 21 1 3 87
$1,759,500 2,836 0.25 - 0.5 acre 4 3.5 35 1 1 49
$949,000 2,097 0.25 - 0.5 acre 3 3 37 4 2 70