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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pawleys Island is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Pawleys Island, SC

How much do homes in Pawleys Island, SC cost?

Median Sold Price

$524,333

$281/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$35,583(+7.3%)

Key Takeaway

Homes in Pawleys Island have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in Pawleys Island was $524,333 in November 2024, up 7.3% from last year, and the median price per square foot was $281.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $257.5K$235K
-8.7%
2 $289.9K$314K
+8.3%
3 $458.3K$481K
+4.9%
4 $710K$740K
+4.2%
5+ $1.1M$1.4M
+25.8%

Summary: Pawleys Island housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.7%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 25.8%.

Median Sold Price Compared To Nearby Cities

Pawleys Island
+7.3%
Waccamaw Neck
+4.2%

Housing Supply in Pawleys Island, SC

How many homes are available in Pawleys Island, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
271257-5.2%

Summary: The Pawleys Island real estate market had 257 homes for sale in November 2024, a 5.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1718
+5.9%
2 3736
-2.7%
3 135122
-9.6%
4 5758
+1.8%
5+ 2523
-8.0%

Summary: The Pawleys Island housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.9%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4626-43.5%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pawleys Island, you may be able to get a good deal. 73.1% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Pawleys Island in November 2024, down by 43.5% month-over-month. Of the 26 sold homes, 73% were sold under asking, 19% were sold at asking, and 8% were sold over asking.

Days on Market for Pawleys Island, SC

How long does it take to sell a home in Pawleys Island, SC?

Average Sale Time

Nov 2023Nov 2024CHANGE
101 Days97 Days-3.3%

Summary: Homes in Pawleys Island had an average of 97 days on market in Nov 2024, down by 3.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Pawleys Island has remained consistent over time.

Summary: During November 2024, 26 homes were sold in Pawleys Island; 0% of homes were sold within 30 days, 62% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.

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

Report Updated 19 Days Ago

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