$10,000 Closing Credit*
$1,150,000
1,768 SqFt
3 Beds
•2 Full Baths, 1 Partial
Matthew Burkel, Listing Office: CHARLES RUTENBERG REALTY INC
Is Isle of Palms, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Isle of Palms was a Buyer'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, FL
How much do homes in Isle of Palms, FL cost?
Median Sold Price
$697,500
$389/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$162,500(-18.9%)
Key Takeaway
Homes in Isle of Palms have sold for 18.9% less than they did a month ago.
Summary: The median home sold price in Isle of Palms was $697,500 in October 2024, down 18.9% from last month, and the median price per square foot was $389.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $697.5K | N/A |
| 4 Bedrooms | $860K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Isle of Palms housing prices by bedroom type for October 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Isle of Palms, FL
How many homes are available in Isle of Palms, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 23 | +76.9% |
Summary: The Isle of Palms real estate market had 23 homes for sale in October 2024, a 76.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 7 | +250.0% |
| 3 Bedrooms | 5 | 11 | +120.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Isle of Palms housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 250%, 3 bedroom homes increased by 120%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was 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. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Isle of Palms in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Isle of Palms, FL
How long does it take to sell a home in Isle of Palms, FL?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 58 Days | +179.8% |
Summary: Homes in Isle of Palms had an average of 58 days on market in Oct 2024, up by 179.8% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Isle of Palms are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Isle of Palms; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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