Is West Ashley, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Ashley is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, West Ashley has remained a Seller's Market.

Key Takeaway

West Ashley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in West Ashley, SC

How much do homes in West Ashley, SC cost?

Median Sold Price

$466,170

$261/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$38,550(+9.0%)

Key Takeaway

Homes in West Ashley have sold for 9% more than they did a year ago.

Summary: The median home sold price in West Ashley was $466,170 in May 2024, up 9% from last year, and the median price per square foot was $261.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $233K$240K
+3.0%
2 $285K$300K
+5.3%
3 $411.9K$441.4K
+7.2%
4 $500.1K$565K
+13.0%
5+ $521.5K$715K
+37.1%

Summary: West Ashley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 37.1%.

Median Sold Price Compared To Nearby Cities

Charleston
+10.2%
Hollywood
+9.5%
West Ashley
+9.0%
North Charleston
+3.1%

Housing Supply in West Ashley, SC

How many homes are available in West Ashley, SC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
367386+5.2%

Summary: The West Ashley real estate market had 386 homes for sale in May 2024, a 5.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 44
0.0%
2 5258
+11.5%
3 191195
+2.1%
4 97103
+6.2%
5+ 2326
+13.0%

Summary: The West Ashley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 13%.

Number of Homes Sold

Apr 2024May 2024CHANGE
11791-22.2%

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

24 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Ashley, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 91 homes were sold or pending in West Ashley in May 2024, down by 22.2% month-over-month. Of the 91 sold homes, 46% were sold under asking, 27% were sold at asking, and 26% were sold over asking.

Days on Market for West Ashley, SC

How long does it take to sell a home in West Ashley, SC?

Average Sale Time

May 2023May 2024CHANGE
0 Days121 Days+24100.0%

Summary: Homes in West Ashley had an average of 121 days on market in May 2024, up by 24100% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in West Ashley are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 91 homes were sold in West Ashley; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in West Ashley, SC

Nearby Markets to West Ashley, SC

What housing markets are near West Ashley, SC?