Johns Island Q3 2024 Real Estate Market Report

The third quarter of 2024 saw a strong, efficient summer market on Johns Island, with buyer demand remaining active and homes selling quickly when priced correctly. While the pace moderated slightly compared to the intense spring market, overall conditions remained favorable for both buyers and sellers.

Q3 2024 Johns Island Market Overview

From July 1 through August 31, 2024, Johns Island recorded 122 closed residential sales, demonstrating steady summer activity despite seasonal travel and heat-related slowdowns typical for this time of year.

Q3 2024 Quick Market Stats (Johns Island)

• Closed Sales: 122
• Total Sales Volume: $98,263,100
• Average Sold Price: $805,435
• Median Sold Price: $611,000
• Average Days on Market: 39 days
• Median Days on Market: 8.5 days
• Average Sold-to-List Ratio: 98.58%

Source: Charleston Regional MLS. Information deemed reliable but not guaranteed.

Pricing Trends: Values Remain Resilient

Home values on Johns Island held firm and consistent throughout Q3 2024, supported by continued buyer demand and limited inventory.

• The median sold price of $611,000 reflects strength in the core market.

• The average sold price of $805,435 was influenced by a mix of higher-end and luxury transactions.

• Homes sold at 98.58% of list price on average, reinforcing that buyers were still willing to pay close to the asking price for well-positioned homes.

These figures indicate that pricing stability extended beyond the spring surge and into the summer months.

Market Pace: Fast Sales for Well-Priced Homes

While overall days on market increased slightly compared to Q2, many homes still sold quickly:

• 63.9% of homes sold within 30 days

• 78.7% sold within 60 days

• Only 8.2% of listings extended beyond 121 days

The median days on market of just 8.5 days highlights that the most desirable homes—those priced and presented correctly—continued to move rapidly, often within the first two weeks.

Homes that spent 60 days or more on the market typically faced pricing or condition-related challenges.

Buyer & Seller Takeaways - Johns Island Q3 2024

What This Means for Johns Island Buyers:

• Competition remained strong for homes priced correctly from the start.

• Buyers gained slightly more negotiating room on listings that moved past the initial 30-day window.

• Preparation and decisiveness remained key to securing desirable properties.

Buyer Strategy: Act quickly on well-priced homes, but use market time as leverage when appropriate.

What This Means for Johns Island Sellers:

• The first 30 days on the market remained critical.

• Homes priced accurately sold close to the list price and within predictable timeframes.

• Overpricing resulted in longer market times and reduced negotiating leverage.

Seller Strategy: Strategic pricing and strong presentation remained essential to achieving top results in Q3.

Q3 2024 Johns Island Market - Bottom Line

The Johns Island real estate market in Q3 2024 demonstrated stability, strong pricing, and efficient sales activity. While the pace eased slightly from the spring peak, buyer demand remained healthy and values held firm—confirming Johns Island’s position as a highly desirable market within the Charleston area.