Is Sullivans Island, SC 29482 a buyer’s or seller’s market?
Sullivans Island is a buyer’s market. With about 14.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Sullivans Island housing market right now
In the three months ending August 31, 2026, 0% of homes in Sullivans Island, SC 29482 sold above their list price, the typical home went under contract in 147 days and there were 14.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 7 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 11%, homes sold more slowly (91 days then) and the median sale price fell 17% to $3,598,443. Overall, Sullivans Island is less competitive than a year ago, which gives buyers more room.
Within Charleston County, homes here sell more slowly than in 95% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Charleston 29407 (17% sold over asking) and Awendaw 29429 (17% sold over asking) are even more competitive.
Run the numbers for 29482
Nearby markets
Adams Run 29426Seller’s market $295 /sq ftAwendaw 29429Balanced $343 /sq ftCharleston 29401Balanced $1,028 /sq ftCharleston 29403Seller’s market $586 /sq ft Browse all markets →Towns like Sullivans Island nearby
Find towns like Sullivans Island in other states →Where Sullivans Island is
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Questions about Sullivans Island real estate
Is Sullivans Island a buyer’s or seller’s market?
A buyer’s market: there were 14.6 months of supply in Sullivans Island, SC 29482 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Sullivans Island?
The typical home went under contract in 147 days in the latest three months.
Do homes in Sullivans Island sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.5% of the list price.
What are property taxes in Sullivans Island?
About 0.39% of a home’s value a year in Charleston County, or roughly $1,560 on a $400,000 home.
What is the median home price in Sullivans Island?
The median sale price was $3,598,443 in the three months ending August 31, 2026, about $1,204 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology