2023 Year End Hilton Head/Bluffton Housing Report 2023 | Page 6

2023 Annual Report on the Hilton Head Housing Market

Property Type Review

166 101

Top Areas : Condos Market Share in 2023 Folly Field 87.6 % Forest Beach 84.4 %
Average Days on Market Single-Family Homes
Average Days on Market Condos
HH General 78.3 % Shipyard 77.9 %
Days on Market Until Sale
This chart uses a rolling 12-month average for each data point .
Single-Family
Condos
180
170
160
150
140
130
120
110
100
90
80
70
60
1-2020
7-2020
1-2021
7-2021
1-2022
7-2022
1-2023
7-2023
Palmetto Dunes
74.2 %
Windmill Harbour
61.1 %
Sea Pines
41.1 %
Daufuskie Island
27.7 %
Area 9 - Hilton Head Plantation
21.3 %
Fripp Island
16.7 %
Hampton Hall
16.0 %
Hampton Pointe
13.3 %
Mainland
11.7 %
Port Royal
8.1 %

+ 4.9 % + 15.2 % 98.3 % 97.7 %

One-Year Change in Price Single-Family
One-Year Change in Price Condos
Pct . of List Price Received Single-Family
Pct . of List Price Received Condo
Median Sales Price
Percent of List Price Received
2021 2022 2023
2021 2022 2023
$ 520K
$ 540K
99.3 % 99.6 % 98.3 % 99.1 % 99.4 % 97.7 %
$ 450K
$ 432K
$ 320K
$ 375K
Single-Family
Condos
Single-Family
Condos
Current as of January 10 , 2024 . Data © 2024 REsides , INC . All Rights Reserved . Sponsored by South Carolina REALTORS ®. Report © 2024 ShowingTime . | 6