HILTON HEAD AREA Market Overview information provided by Hilton Head MLS and Hilton Head Area Association of Realtors®
One-year change in closed sales +1.1% One-year change in Median Sales Price -1.0% One-year change in Months Supply +25%
U.S. existing-home sales rose 3.4% month-over-month and 2.9% year-over-year to a seasonally adjusted annual rate of 3.96 million units, exceeding economists’ expectations for the month and marking the first annual gain since July 2021, according to the National Association of REALTORS® (NAR). Lower mortgage rates in late summer and early fall helped sales increase across all four regions.
New Listings were up 3.8 percent to 463. Pending Sales increased 6.4 percent to 368. Inventory grew 25.7 percent to 1,729 units.
Prices moved lower as Median Sales Price was down 1.0 percent to $544,500. Days on Market decreased 7.2 percent to 142 days. Months Supply of Inventory was up 25.0 percent to 4.0 months.
Market Overview
Key market metrics for the current month and year-to-date figures.
Key Metrics
Historical Sparkbars
11-2023 11-2024 Percent Change
YTD 2023 YTD 2024 Percent Change
New Listings
463
6,435
446
+ 3.8%
+ 5.6%
6,092
11-2022
11-2023
11-2024
Pending Sales
368
4,886
346
+ 6.4% 4,932
- 0.9%
11-2022
11-2023
11-2024
Closed Sales
380
5,117
376
+ 1.1% 5,027
+ 1.8%
11-2022
11-2023
11-2024
Days on Market
142
151
+ 1.3%
153
- 7.2% 149
11-2022
11-2023
11-2024
Median Sales Price
$550,000 $544,500
- 1.0% $515,000 $545,000
+ 5.8%
11-2022
11-2023
11-2024
Average Sales Price
$736,045 $770,263
+ 4.6% $694,575 $750,932
+ 8.1%
11-2022
11-2023
11-2024
Pct. of List Price Received
97.5%
97.9%
97.6%
- 0.1% 98.1%
- 0.2%
11-2022
11-2023
11-2024
HILTON HEAD HOMES | 2024 3
Housing Affordability Index
60
60
+ 3.4%
54
+ 11.1% 58
11-2022
11-2023
11-2024
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