Sun City 2024 Year-In-Review
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.
As we wrap up another year, let’s take a closer look at how the Sun City Hilton Head real estate market performed in 2024. Thedata reveals a dynamic year with notable growth in some areas and stabilization in others, offering valuable insights for both buyers and sellers. 2024 saw a significant increase in new listings, with 847 homes hitting the market a 17% rise compared to 2023. This continues a steady rise in inventory over the years, with December figures climbing from 32 homes for sale in 2021, 63 in 2022, 91 2023, and reaching 172 in December 2024. This surge in inventory provided more options for buyers and contributed to a more balanced market, potentially signaling a shift toward a buyer’s market as sellers face increased competition and slower growth. After a dip in 2023, closed sales climbed by 10% in 2024, reaching 665 transactions. This rebound indicates strong demand and a resilient buyer pool despite fluctuating market conditions. The median sales price in Sun City rose slightly to $516,440, a modest 1% increase from 2023. This stability reflects the community’s enduring appeal and the sustained value of homes in the area. KeyTakeaways.The 2024 Sun City market demonstrated resilience and growth, with increased inventory and a rebound in closed sales. Sellers benefited from stable home prices, while buyers enjoyed a wider selection of properties. As we move into 2025, these trends suggest a healthy and balanced market for the year ahead. For buyers, it’s a great opportunity to purchase while there are plenty of homes to choose from and negotiating power is increasing. For sellers, it’s an opportunity to capture the equity gained from the significant increase in home prices since the pandemic. Whether you’re planning to buy or sell in Sun City, understanding the market’s nuances is essential. Feel free to reach out for personalized insights and guidance tailored to your real estate goals! Additionally, contact me for a complete Year-in-ReviewReport, including sales by model and a price per square foot breakdown for 2024. HowCanIAssistYou?For homeowners considering selling their properties in the near future, I invite you to reach out for a FREE comprehensive Market Analysis and an in-depth market review. By understanding the current market dynamics, we can tailor a strategy that ensures your home stands out and fetches the best possible value in this evolving landscape.
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