$10,000 Closing Credit*
$1,790,000
1,635 SqFt
3 Beds
•3 Full Baths
Listing Office: Realty One Group Freedom
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 October 2023
Since last year, Isle of Palms has remained a Seller'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, 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 October 2023
+$97,500(+6.3%)
Key Takeaway
Homes in Isle of Palms have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Isle of Palms was $1,650,000 in October 2024, up 6.3% from last year, and the median price per square foot was $836.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $585K | $550K | -6.0% |
| 2 Bedrooms | $770K | $859.5K | +11.6% |
| 3 Bedrooms | $1.3M | $1.3M | +4.5% |
| 4 Bedrooms | $1.9M | $1.9M | +1.9% |
| 5+ Bedrooms | $3.4M | $3.0M | -9.2% |
Summary: Isle of Palms housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 9.2%.
Housing Supply in Isle of Palms, SC
How many homes are available in Isle of Palms, SC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 99 | 100 | +1.0% |
Summary: The Isle of Palms real estate market had 100 homes for sale in October 2024, a 1.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 11 | +22.2% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 24 | 23 | -4.2% |
| 4 Bedrooms | 24 | 20 | -16.7% |
| 5+ Bedrooms | 28 | 31 | +10.7% |
Summary: The Isle of Palms housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 10.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 20 | +25.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
2 Homes Were 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. 90% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Isle of Palms in October 2024, up by 25.0% month-over-month. Of the 20 sold homes, 90% were sold under asking, 10% 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
