Is Wadmalaw Island, SC 29487 a buyer’s or seller’s market?
Wadmalaw Island is a buyer’s market. With about 7.3 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Wadmalaw Island housing market right now
In the three months ending August 31, 2026, 0% of homes in Wadmalaw Island, SC 29487 sold above their list price, the typical home went under contract in 95 days and there were 7.3 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 18%, homes sold more slowly (88 days then) and the median sale price rose 40% to $1,244,462. Overall, Wadmalaw Island is less competitive than a year ago, which gives buyers more room.
Within Charleston County, homes here sell more slowly than in 71% 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 29487
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 Wadmalaw Island nearby
Find towns like Wadmalaw Island in other states →Where Wadmalaw Island is
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Questions about Wadmalaw Island real estate
Is Wadmalaw Island a buyer’s or seller’s market?
A buyer’s market: there were 7.3 months of supply in Wadmalaw Island, SC 29487 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 Wadmalaw Island?
The typical home went under contract in 95 days in the latest three months.
Do homes in Wadmalaw Island sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.3% of the list price.
What are property taxes in Wadmalaw 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 Wadmalaw Island?
The median sale price was $1,244,462 in the three months ending August 31, 2026, about $347 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