Is Wadmalaw Island, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Wadmalaw Island has remained a Seller's Market.
Key Takeaway
Wadmalaw Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wadmalaw Island, SC
How much do homes in Wadmalaw Island, SC cost?
Median Sold Price
$948,500
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wadmalaw Island have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Wadmalaw Island was $948,500 in April 2024, up 9.3% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $650K | $1.2M | +92.3% |
| 3 Bedrooms | $562.5K | $625K | +11.1% |
| 4 Bedrooms | $909K | $775K | -14.7% |
| 5+ Bedrooms | $1.8M | $1.4M | -24.3% |
Summary: Wadmalaw Island housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 92.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 14.7%, and 5+ bedroom homes decreased by 24.3%.
Median Sold Price Compared To Nearby Cities
| Kiawah Island-Seabrook Island | $953.5K | $1.0M | +11.3% |
| Wadmalaw Island | $868K | $948.5K | +9.3% |
| Johns Island | $615.9K | $647.7K | +5.2% |
| Seabrook Island | $807.5K | $817.2K | +1.2% |
Housing Supply in Wadmalaw Island, SC
How many homes are available in Wadmalaw Island, SC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The Wadmalaw Island real estate market had 15 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Wadmalaw Island housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
4 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 Wadmalaw Island, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Wadmalaw Island in April 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Wadmalaw Island, SC
We’re sorry, we don't have information for this market at the moment
