Kiawah Island Property Report
YEAR-END ISLAND-WIDE SALES RESULTS FOR 2024
total properties closed 447*
total dollar volume
$1.07B*
single-family home median price
$2.98M (-1% from 2023) homesite median price $673k (-15% from 2023)
villa & cottage median price
$1.45M* (+104% from 2023)
*Includes The Cape Sales
total
*Includes The Cape Sales
• In 2024, Kiawah Island reached a new all-time record with $1.07 billion in sales volume across 447 transactions–a 3% increase from the previous peak in 2021, which saw $1.04 billion across 733 transactions.
• At the close of Q4 2024, inventory on the Island remained limited with only 113 active listings, or 2.4% of the total Islandwide inventory available for sale compared to 3.1% at the end of Q4 2023. The available inventory included 55 single-family homes, 35 villas & cottages, and 23 homesites.
• Median prices for villas & cottages have increased by 104% year-over-year (YOY) including The Cape sales, rising from $710K in 2023 to $1.45M in 2024. Despite this increase, demand has remained exceedingly strong. In contrast, median prices for single-family homes and homesites have stabilized and both decreased slightly YOY: single-family home prices dropped by 1% to $2.98M, while homesite prices fell by 15% to $673K.
• Island-wide sales in 2024 included 130 single-family homes, 241 villas & cottages, and 76 homesites. Of these, 22 homes sold for over $5M, and there was a 37% YOY increase in homesites sold for under $1M. For the first time since 2021, villa & cottage sales surpassed single-family home sales, even after excluding The Cape sales.