Is Edisto Island, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Edisto Island is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Edisto Island was a Seller's Market.

Key Takeaway

Edisto Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Edisto Island, SC

How much do homes in Edisto Island, SC cost?

Median Sold Price

$848,500

$512/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$153,500(+22.1%)

Key Takeaway

Homes in Edisto Island have sold for 22.1% more than they did a year ago.

Summary: The median home sold price in Edisto Island was $848,500 in October 2024, up 22.1% from last year, and the median price per square foot was $512.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $229.4K$301.4K
+31.4%
2 $372.5K$471.4K
+26.6%
3 $663.7K$670K
+0.9%
4 $895K$1.2M
+39.7%
5+ $1.5M$1.8M
+18.2%

Summary: Edisto Island housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.4%, 2 bedroom homes increased by 26.6%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 39.7%, and 5+ bedroom homes increased by 18.2%.

Median Sold Price Compared To Nearby Cities

Green Pond
+38.6%
Edisto Beach
+35.3%
Edisto Island
+22.1%
Kiawah Island-Seabrook Island
+5.1%

Housing Supply in Edisto Island, SC

How many homes are available in Edisto Island, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6167+9.8%

Summary: The Edisto Island real estate market had 67 homes for sale in October 2024, a 9.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 43
-25.0%
2 1317
+30.8%
3 1514
-6.7%
4 2222
0.0%
5+ 711
+57.1%

Summary: The Edisto Island housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 30.8%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 57.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
109-10.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Edisto Island, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Edisto Island in October 2024, down by 10.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% 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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Edisto Island, SC

Nearby Markets to Edisto Island, SC

What housing markets are near Edisto Island, SC?