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

Thu Mar 23 2023
This week the median list price for Hilton Head Island, SC 29928 is $572,000 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has decreased to 94. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Hilton Head Island, SC 29928

Thu Mar 23 2023
This week the median list price for Hilton Head Island, SC 29928 is $572,000 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has decreased to 94. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, 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 $572,000
Median Price of New Listings $674,000
Per Square Foot $585
Average Days on Market 99
Median Days on Market 56
Price Decreased 29%
Price Increased 4%
Relisted 6%
Inventory 94
Median Rent
Market Action 42
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. 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
$1,175,000 1,576 4,500 - 6,500 sqft 3 3 37 3 1 49
$659,000 1,210 - 2 2 43 3 1 28
$502,250 996 0 - 4,500 sqft 2 2 43 0 2 115
$339,000 717 - 1 1 43 2 4 77