$10,000 Closing Credit*
$1,990,000
3,010 SqFt
5 Beds
•4 Full Baths, 1 Partial
Listing Office: The Boulevard Company
Is Isle of Palms, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Isle of Palms was a Seller's Market.
Key Takeaway
Isle of Palms is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Isle of Palms, SC
How much do homes in Isle of Palms, SC cost?
Median Sold Price
$1,650,000
$836/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$86,500(+5.5%)
Key Takeaway
Homes in Isle of Palms have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Isle of Palms was $1,650,000 in November 2024, up 5.5% from last year, and the median price per square foot was $836.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $585K | $587.5K | 0.4% |
| 2 Bedrooms | $770K | $854K | +10.9% |
| 3 Bedrooms | $1.3M | $1.3M | +4.9% |
| 4 Bedrooms | $1.9M | $2.0M | +2.6% |
| 5+ Bedrooms | $3.4M | $3.1M | -9.4% |
Summary: Isle of Palms housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 9.4%.
Housing Supply in Isle of Palms, SC
How many homes are available in Isle of Palms, SC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 94 | 89 | -5.3% |
Summary: The Isle of Palms real estate market had 89 homes for sale in November 2024, a 5.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 8 | -27.3% |
| 2 Bedrooms | 13 | 16 | +23.1% |
| 3 Bedrooms | 21 | 19 | -9.5% |
| 4 Bedrooms | 20 | 16 | -20.0% |
| 5+ Bedrooms | 29 | 30 | +3.4% |
Summary: The Isle of Palms housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 27.3%, 2 bedroom homes increased by 23.1%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 3.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 7 | -65.0% |
Asking Price vs. Sold Price
6 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. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Isle of Palms in November 2024, down by 65.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Isle of Palms, SC
We’re sorry, we don't have information for this market at the moment
