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The median home value in Bluffton is $276,800. Bluffton home values have gone up 6.7% over the past year and Zillow predicts they will fall -1.9% within the next year (2019). The median list price per square foot in Bluffton is $155, which is lower than the Hilton Head Island-Bluffton-Beaufort Metro average of $192. The median price of homes currently listed in Bluffton is $349,602 while the median price of homes that sold is $262,400. The median rent price in Bluffton is $1,650, which is the same as the Hilton Head Island-Bluffton-Beaufort Metro median of $1,650.
Demographic Information Bluffton, SC 2017
Population: 23, 097
Median Age: 35.1 Over 65: 12.3%
Race: 76.9% White, 2.4% Asian, 0.6% Native American, 14.2% Hispanic/Latino
Income Per capita: $30,929
Median Household: $67,157
Below Poverty Level: 8.4%
Education: Diploma 93.3%, Bachelor’s Degree 39.8%
Housing: Median rent $1,370, Median home value $221,200
New Building Permits Residential: 870
New Building Permits Commercial: 49
Number of Military Veterans: 1,001
Sq. Miles: 54
COST OF LIVING
Compared to the rest of the country, Bluffton’s cost of living is 9.20% higher than the U.S. average.
Bluffton Real Estate Trends for 2023
Continued demand for single-family homes
The demand for single-family homes in Bluffton has been consistently strong in recent years, and this trend is expected to continue into 2023. Homebuyers are attracted to the town’s family-friendly atmosphere, excellent schools, and amenities. As a result, the real estate market in Bluffton is likely to remain competitive, with many homes receiving multiple offers.
Increased focus on sustainability
Sustainability is becoming an increasingly important consideration for home buyers and investors, and this trend is also evident in Bluffton. Many buyers are looking for homes with energy-efficient features such as solar panels, smart home technology, and high-efficiency appliances. Developers and builders are also taking note of this trend and incorporating sustainable features into their projects.
Rising prices and limited inventory
Strong demand for homes in Bluffton, and the supply of available properties remains limited. This has led to rising prices and a highly competitive market. With many buyers vying for a limited number of homes, sellers have been able to command higher prices and accept more favorable terms. As a result, the real estate market in Bluffton is expected to remain robust in 2023.
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