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 neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Edisto Island is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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 November 2023

+$178,500(+26.6%)

Key Takeaway

Homes in Edisto Island have sold for 26.6% more than they did a year ago.

Summary: The median home sold price in Edisto Island was $848,500 in November 2024, up 26.6% from last year, and the median price per square foot was $512.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $224.9K$293.9K
+30.7%
2 $375K$437.4K
+16.7%
3 $620K$650K
+4.8%
4 $895K$1.2M
+39.7%
5+ $1.8M$1.8M
-2.8%

Summary: Edisto Island housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.7%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 39.7%, and 5+ bedroom homes decreased by 2.8%.

Median Sold Price Compared To Nearby Cities

Green Pond
+41.7%
Edisto Beach
+38.1%
Wadmalaw Island
+37.7%
Edisto Island
+26.6%
Kiawah Island-Seabrook Island
+6.4%

Housing Supply in Edisto Island, SC

How many homes are available in Edisto Island, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6366+4.8%

Summary: The Edisto Island real estate market had 66 homes for sale in November 2024, a 4.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 1615
-6.3%
3 1215
+25.0%
4 2225
+13.6%
5+ 109
-10.0%

Summary: The Edisto Island housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
910+11.1%

Asking Price vs. Sold Price

8 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. 80% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Edisto Island in November 2024, up by 11.1% month-over-month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% 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 20 Days Ago

Newest Listings in Edisto Island, SC

Nearby Markets to Edisto Island, SC

What housing markets are near Edisto Island, SC?