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Monthly Market Report • February 2025

Page 1

The Sun City Hilton Head Monthly Market Report

February 2025 | SECTION B | Volume 14 I Issue 2

Is the Sun City Market is Shifting? All signs point toward a shifting market in Sun City, favoring buyers more than in recent years. New listings are up 14% compared to January 2024, while closed sales have dropped 14%. Most notably, the median sales price for the month of January 2024 compared to January 2025 has dipped nearly 10%. While this is a one-month comparison, the rolling 12-month median sale price remains in positive territory, showing a 0.4% increase over the previous year. The number of homes for sale has surged to 191—a 103% increase from last year. However, with spring bringing more buyers, we anticipate inventory will tighten as demand picks up. For buyers, this presents a prime opportunity—with more homes to choose from and increased negotiating power. For sellers, it’s still a great time to capitalize on equity gains from the post-pandemic price surge. Whether you’re looking to buy or sell in Sun City, understanding the market is key. Contact me for a full Year-in-Review Report, including sales by model and price-per-square-foot data for 2024. If you're considering selling, I offer a FREE comprehensive Market Analysis to help you price strategically and maximize your home’s value in this evolving market. If you're a buyer, reach out to learn how to gain access to "Coming Soon" inventory and my recom-

mended buy list—giving you an edge in this competitive market! How can I assist you? Let’s navigate this market together!

Scan the QR code to receive your copy of the 2024 Year-In-Review Report featuring all Sun City sales by model for the entire year.

Sun City Real Estate January Market Snapshot Key Metrics

January 2024

January 2025

Percent Change

New Listings

40

67

+68%

Closed Sales

36

31

-14%

$538,508

$487,500

-9.5%

98.4%

97.43%

-.99%

94

191

+103.2%

Median Sales Price Monthly Comparison Percent of List Price Received (Sale-to-List Ratio)

Inventory of Homes For Sale

Information provided by the Multiple Listing Service of Hilton Head Island and the Hilton Head Area Association of REALTORS®

GARY SMYTHE Real Estate Advisor (843) 301-1591 | Gary@GarySmythe.com

Raveis.com/Agent/GarySmythe “These Properties were not all listed or sold by William Raveis and were listed and sold by various MLS Participating Offices.” If your property is currently listed with another Realtor this is not intended to be a solicitation. This information is believed to be accurate but not guaranteed.


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