Is Charleston, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Charleston has remained a Seller's Market.
Housing Prices in Charleston, SC
How much do homes in Charleston, SC cost?
Median Sold Price
$557,400
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Charleston was $557,400 in June 2024, up 11.4% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265K | $285K | +7.5% |
2 Bedrooms | $349.1K | $397.9K | +14.0% |
3 Bedrooms | $460.5K | $499.6K | +8.5% |
4 Bedrooms | $632.1K | $674.9K | +6.8% |
5+ Bedrooms | $928.7K | $1.1M | +22.4% |
Summary: Charleston housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 22.4%.
Median Sold Price Compared To Nearby Cities
Charleston | $500.2K | $557.4K | +11.4% |
James Island | $530.3K | $590K | +11.3% |
Charleston Central | $840.8K | $935K | +11.2% |
West Ashley | $430K | $475K | +10.5% |
Folly Beach | $1.0M | $1.0M | -4.8% |
Housing Supply in Charleston, SC
How many homes are available in Charleston, SC?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,378 | 1,412 | +2.5% |
Summary: The Charleston real estate market had 1,412 homes for sale in June 2024, a 2.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 52 | 59 | +13.5% |
2 Bedrooms | 252 | 241 | -4.4% |
3 Bedrooms | 533 | 540 | +1.3% |
4 Bedrooms | 360 | 379 | +5.3% |
5+ Bedrooms | 181 | 193 | +6.6% |
Summary: The Charleston housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.5%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 6.6%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
299 | 294 | -1.7% |
Asking Price vs. Sold Price
163 Homes Were Sold
Under Asking
74 Homes Were Sold
At Asking
57 Homes Were Sold
Over Asking
Summary: A total of 294 homes were sold or pending in Charleston in June 2024, down by 1.7% month-over-month. Of the 294 sold homes, 55% were sold under asking, 25% were sold at asking, and 19% were sold over asking.
Days on Market for Charleston, SC
We’re sorry, we don't have information for this market at the moment