Is Isle of Palms, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Isle of Palms has remained a Seller's Market.
Key Takeaway
Isle of Palms is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Isle of Palms, SC
How much do homes in Isle of Palms, SC cost?
Median Sold Price
$1,563,500
$831/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Isle of Palms have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Isle of Palms was $1,563,500 in April 2024, up 2.1% from last year, and the median price per square foot was $831.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $547.5K | $487K | -11.1% |
| 2 Bedrooms | $785K | $810K | +3.2% |
| 3 Bedrooms | $1.3M | $1.3M | -5.3% |
| 4 Bedrooms | $2.0M | $1.9M | -3.8% |
| 5+ Bedrooms | $3.5M | $3.0M | -15.2% |
Summary: Isle of Palms housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 15.2%.
Median Sold Price Compared To Nearby Cities
| Isle of Palms | $1.5M | $1.5M | +2.1% |
| Sullivan's Island | $4.8M | $3.0M | -37.8% |
Housing Supply in Isle of Palms, SC
How many homes are available in Isle of Palms, SC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 109 | 124 | +13.8% |
Summary: The Isle of Palms real estate market had 124 homes for sale in April 2024, a 13.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 12 | +71.4% |
| 2 Bedrooms | 18 | 21 | +16.7% |
| 3 Bedrooms | 25 | 23 | -8.0% |
| 4 Bedrooms | 28 | 30 | +7.1% |
| 5+ Bedrooms | 31 | 38 | +22.6% |
Summary: The Isle of Palms housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 71.4%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 22.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Isle of Palms, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Isle of Palms in April 2024, the same as the previous month. Of the 21 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for Isle of Palms, SC
We’re sorry, we don't have information for this market at the moment
