Is Hanahan, 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, Hanahan has remained a Seller's Market.
Key Takeaway
Hanahan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hanahan, SC
How much do homes in Hanahan, SC cost?
Median Sold Price
$400,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hanahan have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Hanahan was $400,000 in May 2024, up 1.3% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $166K | +32.8% |
| 2 Bedrooms | $250K | $265K | +6.0% |
| 3 Bedrooms | $375K | $382.5K | +2.0% |
| 4 Bedrooms | $483K | $478.5K | -0.9% |
| 5+ Bedrooms | $542.5K | $615K | +13.4% |
Summary: Hanahan housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.8%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 13.4%.
Median Sold Price Compared To Nearby Cities
| North Charleston | $324.9K | $334.9K | +3.1% |
| Hanahan | $395K | $400K | +1.3% |
| Goose Creek | $324.9K | $329.3K | +1.3% |
| Goose Creek-Hanahan | $373.4K | $374.4K | 0.3% |
Housing Supply in Hanahan, SC
How many homes are available in Hanahan, SC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 69 | 96 | +39.1% |
Summary: The Hanahan real estate market had 96 homes for sale in May 2024, a 39.1% increase 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 | 9 | 13 | +44.4% |
| 3 Bedrooms | 29 | 42 | +44.8% |
| 4 Bedrooms | 22 | 28 | +27.3% |
| 5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The Hanahan 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 increased by 44.4%, 3 bedroom homes increased by 44.8%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 18 | +125.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hanahan, you may be able to get a good deal. 38.9% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Hanahan in May 2024, up by 125.0% month-over-month. Of the 18 sold homes, 39% were sold under asking, 33% were sold at asking, and 28% were sold over asking.
Days on Market for Hanahan, SC
We’re sorry, we don't have information for this market at the moment
