Is Wadmalaw Island, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Wadmalaw Island has remained a Seller's Market.
Key Takeaway
Wadmalaw Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wadmalaw Island, SC
How much do homes in Wadmalaw Island, SC cost?
Median Sold Price
$1,547,500
$558/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Wadmalaw Island have sold for 55.2% more than they did a month ago.
Summary: The median home sold price in Wadmalaw Island was $1,547,500 in May 2024, up 55.2% from last month, and the median price per square foot was $558.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $997K | $1.5M | +55.2% |
| 4 Bedrooms | $1.5M | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Wadmalaw Island housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 55.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Wadmalaw Island, SC
How many homes are available in Wadmalaw Island, SC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Summary: The Wadmalaw Island real estate market had 11 homes for sale in May 2024, a 26.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Wadmalaw Island housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wadmalaw Island, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Wadmalaw Island in May 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Wadmalaw Island, SC
We’re sorry, we don't have information for this market at the moment
