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Monthly Market Report • May 2025

Page 1

The Sun City Hilton Head Monthly Market Report

May 2025 | SECTION B | Volume 14 I Issue 5 The April 2025 market data for Sun City Hilton Head highlights a cooling trend, with several key indicators pointing toward a shift in momentum. New listings dropped 24% year-over-year, with only 75 homes coming to market compared to 99 in April 2024. Closed sales followed suit, falling 15%, signaling softer buyer activity. Despite the slowdown, home values remained remarkably stable. The median sales price ticked up slightly by 0.3% to $512,410, indicating continued buyer confidence in Sun City’s long-term value. Sellers, however, are facing growing competition. Inventory surged 62%—from 136

homes last April to 219 this year—providing buyers with more options and putting pressure on pricing. One of the more telling signs of a market shift is the decline in pending sales, which dropped from 67 in April 2024 to just 50 this April. Additionally, sellers received slightly less of their asking price, with the average percent of list price received slipping to 97.78%, down 0.6%. How Can I Assist You? For buyers, this market presents an excellent opportunity— with more inventory to choose from and increased negotiating power. For sellers, it’s still a great time to capitalize on the significant equity gains built during the pandemic years. Navigating today’s shifting landscape takes insight and preparation, and that’s where having a seasoned real estate professional makes all the difference. If you’re considering selling your home, I invite you to take advantage of a FREE comprehensive market analysis and in-depth market review. Together, we’ll develop a strategy to ensure your home stands out and achieves the best possible value in this evolving market. Contact me today!

19 Pomegranate Ln | 2 Bds/2 Ba w/Den $460,000

Sun City Real Estate April Market Snapshot Key Metrics

April 2024

April 2025

Percent Change

New Listings

97

74

-24%

Closed Sales

48

40

-17%

$510,750

$512,410

+.3%

98.41%

97.78%

-.6%

136

219

+62%

Median Sales Price Rolling 12 month Average 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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