Homes & Real Estate Properties For Sale Daniel Island SC

Owning a home on Daniel Island offers a blend of luxury living and small-town charm, set against the backdrop of scenicDaniel Island Real Estate brokers marshes, tidal creeks, and the Wando River. Residents enjoy a laid-back yet vibrant lifestyle filled with world-class amenities, including golf courses, private clubs, and miles of walking and biking trails. The island’s commercial areas feature boutique shopping, fine dining, and local cafes, all of which contribute to a welcoming community atmosphere.

The real estate market on Daniel Island, a suburb of Charleston, SC, has been showcasing strong yet complex trends as of 2024. The market is generally considered a "buyer’s market," with inventory levels exceeding demand. However, high-end homes are performing well, reflecting ongoing interest in luxury properties, especially in Daniel Island Park.

For those considering moving or buying real estate on Daniel Island, this detailed overview below provides a comprehensive understanding of Daniel Island’s unique market dynamics in 2024, helping investors and prospective homeowners, navigate the current conditions effectively regardless of type of home: new construction, condos, waterfront homes, golf course club homes, townhouses, or riverfront condos.

MLS Listings Data: Daniel Island

Total Listings: 81
Average Price: $2,098,480
Highest Listing Price: $6,250,000
Average Days On Market: 119

Homes & real estate For Sale Daniel Island SC. MLS real estate listings for sale in the town/city of Daniel Island SC by price, street, age, types: condos, waterfront homes, lakefront, beachfront, golf communities, subdivisions, townhomes, luxury condos, 55+ neighborhoods, list date, bedrooms & more Daniel Island SC. Presently, Daniel Island SC has a total of eighty-one listings on the local MLS for sale with an average price point of $2,098,480, the max being $6,250,000 and the lowest priced house $327,000 to purchase. Homes for sale in the Daniel Island SC have an average size of 2,773 sq ft and the average days on the market in Daniel Island SC is 119 days. Please contact our team to list or sell your home, view or make an offer on one of the properties you see here updated every 5 mins in real-time. 

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For families, Daniel Island’s educational options are among the best in the Charleston area, with highly-rated public and private schools such as the Daniel Island School, serving grades K-8, and Bishop England High School, and Phillip Simmons (K-12). Sports fields, playgrounds, and community events make it a family-friendly destination, while proximity to downtown Charleston and area beaches ensures a wealth of recreational activities year-round. The island’s thoughtful planning and commitment to maintaining natural spaces create an unparalleled quality of life, justifying its higher-than-average home prices.

Median Home Prices:

  • Median Sale Price: $1.6 million, reflecting a slight 0.4% decline compared to last year.
  • Luxury Properties: High-end homes are holding steady, and sales in the $1.5 million to $3 million range are common.
  • Entry-Level Homes: Properties around the $500,000 - $700,000 range are seeing longer days on the market.

Sales Trends:

  • Sales Volume: A total of 96 homes sold in August 2024, up from 76 during the same period in 2023.
  • Price Adjustments: Homes are generally selling for an average of 3% under list price, indicating room for negotiations.

 

 

Time on Market:

  • The average time on the market has decreased slightly, with homes selling within 54 days on average, compared to 58 days last year.

Market Dynamics:

  • Buyer’s Market: While many homes are still selling, the elevated supply relative to demand has created favorable conditions for buyers, with many properties seeing price reductions.
  • Sale-to-List Price Ratio: The sale-to-list price ratio is around 98.99%, meaning that homes are closing just below their asking prices on average.

Key Market Influences:

  • Flooding and Environmental Risk: Daniel Island is at risk for both flooding and wind damage, with 96% of properties vulnerable to flooding with it only anticipated to worsen over the next 30 years. This factor may influence insurance premiums and buyer decisions.
  • Wind Risk: An extreme risk of severe wind events has been identified, which includes hurricane potential, affecting nearly all properties on the island.

Median Sales Price on Daniel Island

 

 


Avg Days On Market Homes Are For Sale on Daniel Island SC

 

 

 

Insights and Recommendations:

  1. Consider the Risk Factors: Environmental risks are significant on Daniel Island, impacting property values and insurance costs.
  2. Monitor Inventory Levels: A slight oversupply can work to a buyer's advantage, making it an opportune time to negotiate.
  3. Focus on Luxury Market Segments: The luxury market is less affected by downturns, making high-end properties a more stable investment option.