Hilton Head Homes 2024 Market Report

HILTON HEAD AREA Market Overview information provided by Hilton Head MLS and Hilton Head Area Association of Realtors®

One-year change in closed sales -10.3% One-year change in Median Sales Price +16.2% One-year change in Months Supply +24.2%

U.S. existing-home sales fell for the first time since September, slipping 4.9% month- over-month to a seasonally adjusted annual rate of 4.08 million units, according to the National Association of REALTORS® (NAR), as elevated home prices and higher interest rates continue to impact buyer activity. Despite the drop, sales were up 2% compared to the same period last year, marking the fourth consecutive monthly year-over-year increase.

New Listings were up 10.4 percent to 681. Pending Sales decreased 3.5 percent to 468. Inventory grew 22.4 percent to 1,715 units.

Prices moved higher as Median Sales Price was up 16.2 percent to $599,450. Days on Market increased 13.0 percent to 61 days. Months Supply of Inventory was up 24.2 percent to 4.1 months.

Market Overview

Key market metrics for the current month and year-to-date figures.

Key Metrics

Historical Sparkbars

02-2024 02-2025 Percent Change

YTD 2024 YTD 2025 Percent Change

New Listings

681

1,302

617

+ 10.4%

+ 12.5%

1,157

2-2023

2-2024

2-2025

Pending Sales

468

860

485

- 3.5% 924

- 6.9%

2-2023

2-2024

2-2025

Closed Sales

366

720

408

- 10.3% 718

+ 0.3%

2-2023

2-2024

2-2025

Days on Market

61

65

+ 22.6%

54

+ 13.0% 53

2-2023

2-2024

2-2025

Median Sales Price

$516,063 $599,450 + 16.2% $534,000 $573,065

+ 7.3%

2-2023

2-2024

2-2025

Average Sales Price

$706,028 $840,000 + 19.0% $738,177 $842,633

+ 14.2%

2-2023

2-2024

2-2025

Pct. of List Price Received

97.7%

97.5%

98.2%

- 0.5% 97.7%

- 0.2%

2-2023

2-2024

2-2025

HILTON HEAD HOMES | 2025 3

Housing Affordability Index

54

57

0.0%

59

- 8.5% 57

2-2023

2-2024

2-2025

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