Is Charleston, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Charleston is a seller's market

Buyer's
Market

Difference Since May 2021

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

Key Takeaway

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

How much do homes in Charleston, SC cost?

Median Sold Price

$454,185

$264/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$68,813(+17.9%)

Key Takeaway

Homes in Charleston have sold for 17.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $168.5K$261.6K
+55.3%
2 $242.5K$318K
+31.1%
3 $345.8K$424.7K
+22.8%
4 $505.3K$579.8K
+14.7%
5+ $976.2K$1.2M
+28.0%

Median Sold Price Compared To Nearby Cities

Folly Beach
+39.0%
West Ashley
+21.5%
Charleston
+17.9%
James Island
+12.4%
Charleston Central
+11.0%

How many homes are available in Charleston, SC?

Number of Homes For Sale

Apr 2022May 2022%
951970+2.0%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 5456
+3.7%
2 177178
+0.6%
3 397379
-4.5%
4 217231
+6.5%
5+ 106126
+18.9%

Number of Homes Sold

Apr 2022May 2022%
338357+5.6%

Asking Price vs. Sold Price

82 Homes Were Sold
Under Asking

101 Homes Were Sold
At Asking

174 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Charleston, you could pay more than the asking price. 48.7% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
33 Days14 Days-57.3%

Breakdown of Home Sale Times

326 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Charleston are selling fast, if you're buying plan to act quickly.

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

About Charleston, SC

Homes for sale in Charleston, SC have reached 970. Between April 2022 and May 2022, Charleston, SC real estate market has seen increase in the number of listings by 2%. While the average time on the market in May 2022 was 14 days, the median list price was $454,185. Between April 2022 and May 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 55.3% more expensive, prices of 2 bedrooms properties increased by 31.1%, prices of 3 bedrooms properties increased by 22.8%, 4 bedrooms properties became 14.7% more expensive, prices of 5 bedrooms properties went up by 28%. Volume of homes for sale changed: 1 bedroom homes inventory increased by 3.7%, 2 bedrooms homes became 0.6% more available, volume of 3 bedrooms homes went down by 4.5%, 4 bedrooms homes inventory increased by 6.5%, the quantity of 5 bedrooms homes went up by 18.9%. While more than 174 listings in Charleston, SC in May 2022 were sold above asking price, there were more than 101 listings sold at asking price, and more than 82 were sold below.

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