$10,000 Closing Credit*
$1,135,000
2,326 SqFt
4 Beds
•3 Full Baths
Listing Office: Litchfield Real Estate
Is Pawleys Island, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Pawleys Island was a Seller's Market.
Key Takeaway
Pawleys 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 Pawleys Island, SC
How much do homes in Pawleys Island, SC cost?
Median Sold Price
$517,350
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,016(+4.9%)
Key Takeaway
Homes in Pawleys Island have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Pawleys Island was $517,350 in October 2024, up 4.9% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $236K | -17.2% |
| 2 Bedrooms | $287.4K | $306.2K | +6.5% |
| 3 Bedrooms | $451.6K | $480K | +6.3% |
| 4 Bedrooms | $703.5K | $754.9K | +7.3% |
| 5+ Bedrooms | $1.1M | $1.3M | +19.2% |
Summary: Pawleys Island housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.2%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 19.2%.
Median Sold Price Compared To Nearby Cities
| Pawleys Island | $493.3K | $517.3K | +4.9% |
| Waccamaw Neck | $519.5K | $533.4K | +2.7% |
Housing Supply in Pawleys Island, SC
How many homes are available in Pawleys Island, SC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 279 | 286 | +2.5% |
Summary: The Pawleys Island real estate market had 286 homes for sale in October 2024, a 2.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 17 | 0.0% |
| 2 Bedrooms | 36 | 40 | +11.1% |
| 3 Bedrooms | 134 | 138 | +3.0% |
| 4 Bedrooms | 59 | 63 | +6.8% |
| 5+ Bedrooms | 33 | 28 | -15.2% |
Summary: The Pawleys Island housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 15.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 43 | +19.4% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pawleys Island, you may be able to get a good deal. 69.8% of homes here sold below asking price last month.
Summary: A total of 43 homes were sold or pending in Pawleys Island in October 2024, up by 19.4% month-over-month. Of the 43 sold homes, 70% were sold under asking, 16% were sold at asking, and 14% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 83 Days | 84 Days | +0.6% |
Summary: Homes in Pawleys Island had an average of 84 days on market in Oct 2024, up by 0.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pawleys Island has remained consistent over time.
Summary: During October 2024, 43 homes were sold in Pawleys Island; 7% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
