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 April 2023

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.

Housing Prices in Charleston, SC

How much do homes in Charleston, SC cost?

Median Sold Price

$549,864

$311/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$55,334(+11.2%)

Key Takeaway

Homes in Charleston have sold for 11.2% more than they did a year ago.

Summary: The median home sold price in Charleston was $549,864 in April 2024, up 11.2% from last year, and the median price per square foot was $311.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $275K$280K
+1.8%
2 $344.9K$389.6K
+12.9%
3 $453.2K$495.3K
+9.3%
4 $614.1K$657.4K
+7.0%
5+ $964.6K$1.2M
+24.4%

Summary: Charleston housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 24.4%.

Median Sold Price Compared To Nearby Cities

Charleston Central
+11.6%
Charleston
+11.2%
West Ashley
+7.9%
James Island
+7.2%
Folly Beach
+7.1%

Housing Supply in Charleston, SC

How many homes are available in Charleston, SC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1,2281,368+11.4%

Summary: The Charleston real estate market had 1,368 homes for sale in April 2024, a 11.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 5655
-1.8%
2 228248
+8.8%
3 496543
+9.5%
4 302340
+12.6%
5+ 146182
+24.7%

Summary: The Charleston housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 24.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
281304+8.2%

Asking Price vs. Sold Price

167 Homes Were Sold
Under Asking

80 Homes Were Sold
At Asking

57 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Charleston, you may be able to get a good deal. 54.9% of homes here sold below asking price last month.

Summary: A total of 304 homes were sold or pending in Charleston in April 2024, up by 8.2% month-over-month. Of the 304 sold homes, 55% were sold under asking, 26% 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

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

Report Updated 19 Days Ago

Newest Listings in Charleston, SC

Nearby Markets to Charleston, SC

What housing markets are near Charleston, SC?