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 Sep 15 2024
This week the median list price for Hilton Head Island, SC 29928 is $519,000 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has decreased to 277. 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

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

Sun Sep 15 2024
This week the median list price for Hilton Head Island, SC 29928 is $519,000 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has decreased to 277. 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

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 $519,000
Median Price of New Listings $525,000
Per Square Foot $513
Average Days on Market 123
Median Days on Market 84
Price Decreased 47%
Price Increased 1%
Relisted 5%
Inventory 277
Median Rent
Market Action 31
Slight Seller'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
$969,000 1,442 0 - 4,500 sqft 2 2 43 5 5 98
$599,000 1,200 0 - 4,500 sqft 2 2 44 3 5 77
$429,500 885 - 2 2 44 2 3 112
$299,900 609 - 1 1 44 5 2 91