Is Pawleys Island, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Pawleys Island has remained a Seller's Market.
Key Takeaway
Pawleys Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pawleys Island, SC
How much do homes in Pawleys Island, SC cost?
Median Sold Price
$518,500
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pawleys Island have sold for 20.7% more than they did a year ago.
Summary: The median home sold price in Pawleys Island was $518,500 in May 2024, up 20.7% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $224.9K | $330K | +46.7% |
| 2 Bedrooms | $265K | $305K | +15.1% |
| 3 Bedrooms | $394.5K | $485K | +22.9% |
| 4 Bedrooms | $621K | $739.9K | +19.1% |
| 5+ Bedrooms | $805K | $1.2M | +59.9% |
Summary: Pawleys Island housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.7%, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes increased by 59.9%.
Median Sold Price Compared To Nearby Cities
| Pawleys Island | $429.4K | $518.5K | +20.7% |
| Waccamaw Neck | $452.4K | $537.6K | +18.8% |
Housing Supply in Pawleys Island, SC
How many homes are available in Pawleys Island, SC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 322 | 336 | +4.3% |
Summary: The Pawleys Island real estate market had 336 homes for sale in May 2024, a 4.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 14 | -6.7% |
| 2 Bedrooms | 59 | 62 | +5.1% |
| 3 Bedrooms | 153 | 159 | +3.9% |
| 4 Bedrooms | 67 | 72 | +7.5% |
| 5+ Bedrooms | 28 | 29 | +3.6% |
Summary: The Pawleys Island housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 3.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 50 | 61 | +22.0% |
Asking Price vs. Sold Price
50 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pawleys Island, you may be able to get a good deal. 82% of homes here sold below asking price last month.
Summary: A total of 61 homes were sold or pending in Pawleys Island in May 2024, up by 22.0% month-over-month. Of the 61 sold homes, 82% were sold under asking, 11% were sold at asking, and 7% were sold over asking.
Days on Market for Pawleys Island, SC
How long does it take to sell a home in Pawleys Island, SC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 89 Days | 113 Days | +27.3% |
Summary: Homes in Pawleys Island had an average of 113 days on market in May 2024, up by 27.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pawleys Island has remained consistent over time.
Summary: During May 2024, 61 homes were sold in Pawleys Island; 2% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 48% of homes were sold over 90 days.
Provided courtesy of © Copyright 2024 Coastal Carolinas Multiple Listing Service, Inc.®. Information Deemed Reliable but Not Guaranteed. © Copyright 2024 Coastal Carolinas Multiple Listing Service, Inc.® MLS. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Images related to data from the MLS is the sole property of the MLS and not the responsibility of the owner of this website. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes name of the listing brokers. Any images related to data from the MLS is the sole property of the MLS and not the responsibility of the owner of this website.