The first quarter of 2024 reflected steady buyer activity across Seabrook Island, with strong early absorption in both the detached home and attached villa segments. Well-priced properties attracted prompt interest, while extended days on market led to increased negotiation.

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Q1 2024 Seabrook Island Market Overview

From January 1 through March 31, 2024, Seabrook Island recorded balanced performance across homes, villas, and land, setting a stable foundation for the spring market.

Q1 2024 Snapshot

All Property Types:

• Total Closed Transactions: 42

• Total Residential Closings: 38

  • 17 Single-Family Homes (Detached)

  • 21 Villas & Cottages (Single-Family Attached)

• Vacant Land Closings: 4

Total Sales Volume:

• Single-Family Homes Volume: $23,130,111

• Villas & Cottages Volume: $14,227,500

• Total Residential Volume: $37,357,611

• Vacant Land Volume: $1,460,000

• Total Q1 2024 Market Volume: $38,817,611

Residential Pricing Overview:

• Detached Median Sold Price: $1,300,000

• Attached Median Sold Price: $595,000

• Overall Residential Average Sold-to-List Ratio: Approximately 95%

• Over 50% of Homes Sold Within 30 Days

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

Single-Family Homes (Detached) – Q1 2024

17 Closed Sales | $23,130,111 in Volume

Pricing:

• Average Sold Price: $1,360,594

• Median Sold Price: $1,300,000

• Price Range: $752,000 – $2,485,411

• Average Sold-to-List Ratio: 93.50%

Market Pace:

• Median Days on Market: 7 days

• Average Days on Market: 35 days

• 53% sold within 30 days

Detached homes demonstrated strong early demand, with more than half selling in the first 30 days. However, listings that exceeded 60 days experienced notably lower sale-to-list ratios, reinforcing the importance of strategic pricing at launch.

Villas & Cottages (Single-Family Attached) – Q1 2024

21 Closed Sales | $14,227,500 in Volume

Pricing:

• Average Sold Price: $677,500

• Median Sold Price: $595,000

• Price Range: $400,000 – $1,300,000

• Average Sold-to-List Ratio: 95.81%

Market Pace:

• Median Days on Market: 22 days

• Average Days on Market: 71 days

• 52% sold within 30 days

Villas and cottages supported strong mid-range activity in Q1. Over half sold within 30 days, though properties extending beyond 90 days saw meaningful reductions from the original list price.

Vacant Land – Q1 2024

4 Closed Sales | $1,460,000 in Volume

Pricing:

• Average Sold Price: $365,000

• Median Sold Price: $330,000

• Price Range: $250,000 – $550,000

• Average Sold-to-List Ratio: 93.69%

Market Pace:

• Median Days on Market: 20 days

• Two of the four parcels were sold within 60 days.

Land activity remained measured but stable, with buyers negotiating moderately while maintaining strong pricing integrity.

Q1 2024 Takeaways

• Over half of detached homes and villas sold within 30 days.

• Negotiation increased for properties that had been listed for 60 – 90 days.

• Detached homes drove the majority of total sales volume.

• Villa demand remained consistent in the mid-range segment.

• Land activity was steady with balanced pricing.

What This Meant for Buyers:

Early 2024 provided opportunities, particularly on properties with extended marketing time. Competitive pricing remained essential in the detached segment, while villas offered value stability in mid-tier price ranges.

What This Meant for Sellers:

The first 30 days were critical. Homes priced accurately and launched strategically captured the strongest buyer interest and the highest sale-to-list ratios.

Q1 2024 – Bottom Line

The Seabrook Island housing market entered 2024 with stable demand and disciplined pricing across property types. Detached homes led total volume, villas supported consistent mid-range activity, and land transactions remained balanced. Strategic pricing remained the defining factor between rapid absorption and extended market time.

For more quarterly housing data, visit our Seabrook Island housing market trends hub.

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