HILTON HEAD AREA Market Overview information provided by Hilton Head MLS and Hilton Head Area Association of Realtors®
One-year change in closed sales -0.5% One-year change in Median Sales Price +0.0% One-year change in Months Supply +16.1%
U.S. existing-home sales improved for the second consecutive month, rising 4.8% to a seasonally adjusted annual rate of 4.15 million units, an eight-month high, according to the National Association of REALTORS® (NAR). Sales were up 6.1% compared to the same time last year, marking the largest year-over-year increase since June 2021. Economists had forecast existing-home sales would come in at an annual rate of 4.07 million units for the month.
New Listings were down 7.8 percent to 356. Pending Sales increased 20.2 percent to 345. Inventory grew 16.2 percent to 1,582 units.
Prices were stable as Median Sales Price remained flat at $540,000. Days on Market decreased 7.4 percent to 138 days. Months Supply of Inventory was up 16.1 percent to 3.6 months.
Market Overview
Key market metrics for the current month and year-to-date figures.
Key Metrics
Historical Sparkbars
12-2023 12-2024 Percent Change
YTD 2023 YTD 2024 Percent Change
New Listings
356
6,792
386
- 7.8%
+ 4.8%
6,478
12-2022
12-2023
12-2024
Pending Sales
345
5,213
287
+ 20.2% 5,219
- 0.1%
12-2022
12-2023
12-2024
Closed Sales
385
5,510
387
- 0.5% 5,414
+ 1.8%
12-2022
12-2023
12-2024
Days on Market
138
150
+ 0.7%
149
- 7.4% 149
12-2022
12-2023
12-2024
Median Sales Price
$539,749 $540,000
+ 0.0% $517,500 $544,950
+ 5.3%
12-2022
12-2023
12-2024
Average Sales Price
$717,122 $782,555
+ 9.1% $696,187 $753,195
+ 8.2%
12-2022
12-2023
12-2024
Pct. of List Price Received
97.3%
97.9%
97.9%
- 0.6% 98.1%
- 0.2%
12-2022
12-2023
12-2024
HILTON HEAD HOMES | 2025 3
Housing Affordability Index
60
59
61
- 1.6% 64
- 7.8%
12-2022
12-2023
12-2024
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