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

Mon Dec 04 2023
This week the median list price for Hilton Head Island, SC 29928 is $449,900 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has held steady at or around 243. 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

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Hilton Head Island, SC 29928

Mon Dec 04 2023
This week the median list price for Hilton Head Island, SC 29928 is $449,900 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has held steady at or around 243. 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

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Hilton Head Island market.
Median List Price $449,900
Median Price of New Listings $569,000
Per Square Foot $492
Average Days on Market 97
Median Days on Market 70
Price Decreased 45%
Price Increased 1%
Relisted 4%
Inventory 243
Median Rent
Market Action 29
Slight Buyer's Advantage

Prices in this zip are remaining at a plateau, albeit significantly below the market’s peak. This week prices bumped down a bit, but not enough to indicate a resumed downward trend. Look for a persistent up-shift in the Market Action Index before we see prices significantly 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
$795,000 1,526 - 2 2.5 44 4 4 63
$533,500 1,164 - 2 2 43 1 3 84
$392,000 800 - 2 2 43 2 2 49
$319,000 592 - 1 1 43 2 1 91