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

Sun Feb 09 2025
This week the median list price for Hilton Head Island, SC 29928 is $485,450 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 250. 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

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Hilton Head Island, SC 29928

Sun Feb 09 2025
This week the median list price for Hilton Head Island, SC 29928 is $485,450 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 250. 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

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Hilton Head Island market.
Median List Price $485,450
Median Price of New Listings $574,450
Per Square Foot $508
Average Days on Market 122
Median Days on Market 91
Price Decreased 35%
Price Increased 0%
Relisted 6%
Inventory 250
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 1,386 0 - 4,500 sqft 2 2 44 7 5 77
$549,450 1,093 - 2 2 45 3 3 105
$385,000 885 0 - 4,500 sqft 2 2 45 2 7 84
$299,000 757 - 2 1.5 45 4 3 112