Seabrook Island Q3 2024 Housing Market Report

The third quarter of 2024 reflected strong summer activity across Seabrook Island, particularly in the detached home segment. Buyer demand remained active through peak season, though negotiation increased compared to early-year conditions.

Properties priced strategically continued to attract strong early interest, while homes that exceeded typical market timelines experienced more price adjustments. For more Seabrook Island housing market insights and quarterly reports, visit our Seabrook Island Market Reports hub.

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Q3 2024 Seabrook Island Market Overview

From July 1 through September 30, 2024, Seabrook Island recorded consistent transaction volume across homes, villas, and land.

Q3 2024 Snapshot

All Property Types:

• Total Closed Transactions: 47

• Total Residential Closings: 38

  • 25 Single-Family Homes (Detached)

  • 13 Villas & Cottages (Single-Family Attached)

• Vacant Land Closings: 9

Total Sales Volume:

• Single-Family Homes Volume: $43,072,595

• Villas & Cottages Volume: $8,018,000

• Total Residential Volume: $51,090,595

• Vacant Land Volume: $3,465,000

• Total Q3 2024 Market Volume: $54,555,595

Residential Pricing Overview:

• Detached Median Sold Price: $1,625,000

• Attached Median Sold Price: $540,000

• Overall Residential Average Sold-to-List Ratio: Approximately 96%

• 44% of Detached Homes Sold Within 30 Days

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

Single-Family Homes (Detached) – Q3 2024

25 Closed Sales | $43,072,595 in Volume

Pricing:

• Average Sold Price: $1,722,903

• Median Sold Price: $1,625,000

• Price Range: $600,000 – $4,950,000

• Average Sold-to-List Ratio: 96.52%

Market Pace:

• Median Days on Market: 12 days

• Average Days on Market: 59 days

• 44% sold within 30 days

Detached homes drove the majority of Q3 housing market volume. Nearly half sold within the first 30 days; however, 20% took 121+ days on market, highlighting greater pricing sensitivity at higher price points.

Villas & Cottages (Single-Family Attached) – Q3 2024

13 Closed Sales | $8,018,000 in Volume

Pricing:

• Average Sold Price: $616,769

• Median Sold Price: $540,000

• Price Range: $265,000 – $1,585,000

• Average Sold-to-List Ratio: 96.12%

Market Pace:

• Median Days on Market: 36 days

• Average Days on Market: 53 days

• 38% sold within 30 days

Villas and cottages supported steady mid-range activity throughout the quarter. Buyers remained active, though pricing adjustments were more common compared to the detached home segment.

Vacant Land – Q3 2024

9 Closed Sales | $3,465,000 in Volume

Pricing:

• Average Sold Price: $385,000

• Median Sold Price: $375,000

• Price Range: $275,000 – $560,000

• Average Sold-to-List Ratio: 97.31%

Market Pace:

• Median Days on Market: 5 days

• 56% sold within 30 days

Land sales were efficient in Q3, with over half of homesites selling within the first month. Pricing remained stable and buyer confidence was evident in strong sale-to-list ratios.

Q3 2024 Takeaways

• Detached homes accounted for nearly 79% of total market volume.

• Luxury homes remained active but experienced increased negotiation.

• Villas and cottages offered strong mid-tier pricing opportunities.

• Land activity was healthy and absorbed quickly when priced appropriately.

• Pricing strategy became increasingly important for properties that had been on the market for 90+ days.

What This Meant for Buyers:

Summer inventory provided selection across price ranges. Negotiation opportunities increased for homes with extended marketing time, particularly in upper-tier segments.

What This Meant for Sellers:

Accurate launch pricing was critical. Properties selling within the first 30 days achieved the strongest sale-to-list ratios. Overpricing led to measurable price adjustments and longer market times.

Q3 2024 – Bottom Line

The Seabrook Island housing market in Q3 2024 demonstrated strong seasonal demand with disciplined pricing and healthy absorption. Detached homes drove the majority of volume, villas maintained steady mid-range performance, and land sales reflected continued buyer confidence. While negotiation increased in certain segments, overall pricing stability remained intact across property types.

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

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