Is Berkeley County, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Berkeley County is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Berkeley County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Berkeley County, SC

How much do homes in Berkeley County, SC cost?

Median Sold Price

$368,523

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$7,638(+2.1%)

Key Takeaway

Homes in Berkeley County have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in Berkeley County was $368,523 in February 2024, up 2.1% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $285K$330K
+15.8%
2 $255K$275K
+7.8%
3 $320.8K$322.3K
0.5%
4 $389.6K$395.6K
+1.6%
5+ $469.9K$510.1K
+8.5%

Summary: Berkeley County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.8%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 8.5%.

Median Sold Price Compared To Nearby Counties

Clarendon County
+9.4%
Charleston County
+7.1%
Berkeley County
+2.1%
Dorchester County
0.0%

Housing Supply in Berkeley County, SC

How many homes are available in Berkeley County, SC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1,0161,169+15.1%

Summary: The Berkeley County real estate market had 1,169 homes for sale in February 2024, a 15.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 79
+28.6%
2 104129
+24.0%
3 404455
+12.6%
4 338386
+14.2%
5+ 163190
+16.6%

Summary: The Berkeley County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 24%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes increased by 16.6%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
172235+36.6%

Asking Price vs. Sold Price

98 Homes Were Sold
Under Asking

72 Homes Were Sold
At Asking

65 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Berkeley County, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 235 homes were sold or pending in Berkeley County in February 2024, up by 36.6% month-over-month. Of the 235 sold homes, 42% were sold under asking, 31% were sold at asking, and 28% were sold over asking.

Days on Market for Berkeley County, SC

We’re sorry, we don't have information for this market at the moment

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

Report Updated 28 Days Ago

Newest Listings in Berkeley County, SC

Nearby Markets to Berkeley County, SC

What housing markets are near Berkeley County, SC?