Condos/Townhomes
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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
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.
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.
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 |