Is Charleston, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$534,506
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Charleston was $534,506 in February 2024, up 9.3% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | $280K | -1.8% |
2 Bedrooms | $340.8K | $381.2K | +11.9% |
3 Bedrooms | $449.7K | $476.3K | +5.9% |
4 Bedrooms | $607.6K | $652.5K | +7.4% |
5+ Bedrooms | $981.5K | $1.1M | +12.1% |
Summary: Charleston housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 12.1%.
Median Sold Price Compared To Nearby Cities
Charleston | $489.1K | $534.5K | +9.3% |
West Ashley | $420.8K | $455.2K | +8.2% |
Charleston Central | $829.6K | $877.6K | +5.8% |
James Island | $524.4K | $547.6K | +4.4% |
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
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
995 | 1,163 | +16.9% |
Summary: The Charleston real estate market had 1,163 homes for sale in February 2024, a 16.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 24 | 52 | +116.7% |
2 Bedrooms | 190 | 222 | +16.8% |
3 Bedrooms | 379 | 455 | +20.1% |
4 Bedrooms | 274 | 290 | +5.8% |
5+ Bedrooms | 128 | 144 | +12.5% |
Summary: The Charleston housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 116.7%, 2 bedroom homes increased by 16.8%, 3 bedroom homes increased by 20.1%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
189 | 207 | +9.5% |
Asking Price vs. Sold Price
132 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 207 homes were sold or pending in Charleston in February 2024, up by 9.5% month-over-month. Of the 207 sold homes, 64% were sold under asking, 20% were sold at asking, and 16% were sold over asking.
Days on Market for Charleston, SC
We’re sorry, we don't have information for this market at the moment