Isle of Palms Housing Market Report January 2025•Charleston County, South Carolina

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Housing Prices in Isle of Palms, SC

How much do homes in Isle of Palms, SC cost?

Housing Market Conditions

Is Isle of Palms, SC a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Isle of Palms is a Neutral Market

Difference Since January 2024

Since last year, Isle of Palms has remained a Neutral Market.

Insight

Isle of Palms is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$1,639,500$848/SqFt
+$53,500
+3.4%

Based on all homes sold in the last 12 months

Insight

Homes in Isle of Palms have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Isle of Palms was $1,639,500 in January 2025, up 3.4% from last year, and the median price per square foot was $848.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$550K$583.5K
+6.1%
2$820K$810K
-1.2%
3$1.3M$1.3M
+5.8%
4$1.9M$2.0M
+2.6%
5$3.4M$3.2M
-3.7%

Summary: Isle of Palms housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +6.1%. The home price for 2 bedroom homes decreased by -1.2%. The home price for 3 bedroom homes increased by +5.8%. The home price for 4 bedroom homes increased by +2.6%. The home price for 5 bedroom homes decreased by -3.7%.

Housing supply in Isle of Palms, SC

How many homes are available in Isle of Palms, SC?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
91Last MonthJan 2025
822 months agoDec 2024
+11.0 %
Change MoMDec – Jan

Summary: The Isle of Palms real estate market had 91 homes for sale in Jan 2025, a 11.0 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
13Last MonthJan 2025
162 months agoDec 2024
-18.8 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
167
+16.7%
21113
+18.2%
32021
+5.0%
41313
0.0%
53237
+15.6%

Summary: Isle of Palms housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +16.7%. The inventory for 2 bedroom homes increased by +18.2%. The inventory for 3 bedroom homes increased by +5.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +15.6%.

Asking Price vs. Sold Price

How much do homes in Isle of Palms, SC cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price2 Homes

Under Asking Price9 Homes

Insight

If you're buying a home in Isle of Palms, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Isle of Palms in January 2025, down by 18.8% month-over-month. Of the 13 sold homes, 69% were sold under asking, 15% were sold at asking, and and 15% 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.

Home sale times aren’t available for this area.

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Newest Listings in Isle of Palms, SC

What homes are available in Isle of Palms, SC?

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MLS Disclaimers and Copyright

Based on information from CHS MLS, for the period 02/01/2023 - 02/01/2025

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the CHS Multiple Listing Service. Those properties marked with the CHS MLS Approved logo are provided courtesy of the CHS MLS Broker Reciprocity Database. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data deemed reliable but not guaranteed accurate by the MLS.
Copyright © 2025 Charleston Trident Association of REALTORS®
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 1:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.