Is North Charleston, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, North Charleston has remained a Seller's Market.
Key Takeaway
North Charleston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Charleston, SC
How much do homes in North Charleston, SC cost?
Median Sold Price
$334,999
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Charleston have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in North Charleston was $334,999 in May 2024, up 3.1% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $129.5K | $155K | +19.7% |
| 2 Bedrooms | $215K | $224K | +4.2% |
| 3 Bedrooms | $305K | $320.6K | +5.1% |
| 4 Bedrooms | $381.8K | $394.9K | +3.4% |
| 5+ Bedrooms | $440K | $459K | +4.3% |
Summary: North Charleston housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.7%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
| West Ashley | $427.6K | $466.1K | +9.0% |
| North Charleston | $324.9K | $334.9K | +3.1% |
| Hanahan | $395K | $400K | +1.3% |
| Goose Creek | $324.9K | $329.3K | +1.3% |
Housing Supply in North Charleston, SC
How many homes are available in North Charleston, SC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 519 | 588 | +13.3% |
Summary: The North Charleston real estate market had 588 homes for sale in May 2024, a 13.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 58 | 65 | +12.1% |
| 3 Bedrooms | 304 | 332 | +9.2% |
| 4 Bedrooms | 126 | 158 | +25.4% |
| 5+ Bedrooms | 31 | 33 | +6.5% |
Summary: The North Charleston 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 12.1%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 25.4%, and 5+ bedroom homes increased by 6.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 140 | 120 | -14.3% |
Asking Price vs. Sold Price
73 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Charleston, you may be able to get a good deal. 60.8% of homes here sold below asking price last month.
Summary: A total of 120 homes were sold or pending in North Charleston in May 2024, down by 14.3% month-over-month. Of the 120 sold homes, 61% were sold under asking, 25% were sold at asking, and 14% were sold over asking.
Days on Market for North Charleston, SC
How long does it take to sell a home in North Charleston, SC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 1,234 Days | +2828.1% |
Summary: Homes in North Charleston had an average of 1,234 days on market in May 2024, up by 2828.1% 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
Key Takeaway
Most homes in North Charleston are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 120 homes were sold in North Charleston; 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.
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
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