Is Edisto 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, Edisto Island has remained a Seller's Market.
Key Takeaway
Edisto Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Edisto Island, SC
How much do homes in Edisto Island, SC cost?
Median Sold Price
$810,000
$498/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Edisto Island have sold for 15% more than they did a year ago.
Summary: The median home sold price in Edisto Island was $810,000 in May 2024, up 15% from last year, and the median price per square foot was $498.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $234.5K | $217.5K | -7.2% |
| 2 Bedrooms | $375K | $400K | +6.7% |
| 3 Bedrooms | $722K | $588.7K | -18.5% |
| 4 Bedrooms | $837K | $976.2K | +16.6% |
| 5+ Bedrooms | $1.2M | $1.8M | +53.7% |
Summary: Edisto Island housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.2%, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 18.5%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes increased by 53.7%.
Median Sold Price Compared To Nearby Cities
| Green Pond | $670K | $783.5K | +16.9% |
| Edisto Island | $704.5K | $810K | +15.0% |
| Edisto Beach | $675K | $723K | +7.1% |
| Kiawah Island-Seabrook Island | $997.5K | $994.5K | -0.3% |
Housing Supply in Edisto Island, SC
How many homes are available in Edisto Island, SC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 55 | 62 | +12.7% |
Summary: The Edisto Island real estate market had 62 homes for sale in May 2024, a 12.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 19 | 22 | +15.8% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Edisto Island housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 16 | +60.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edisto Island, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Edisto Island in May 2024, up by 60.0% month-over-month. Of the 16 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Edisto Island, SC
We’re sorry, we don't have information for this market at the moment
