Is Charleston, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$538,953
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Charleston have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Charleston was $538,953 in March 2024, up 9.4% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $275K | -1.8% |
| 2 Bedrooms | $341.6K | $392.8K | +15.0% |
| 3 Bedrooms | $450K | $480.3K | +6.8% |
| 4 Bedrooms | $611.7K | $653.7K | +6.9% |
| 5+ Bedrooms | $985K | $1.1M | +17.1% |
Summary: Charleston housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 17.1%.
Median Sold Price Compared To Nearby Cities
| Charleston | $492.7K | $538.9K | +9.4% |
| Charleston Central | $833.4K | $894K | +7.3% |
| West Ashley | $425K | $455.5K | +7.2% |
| James Island | $529.9K | $550K | +3.8% |
| Folly Beach | $1.0M | $1.0M | -1.2% |
Housing Supply in Charleston, SC
How many homes are available in Charleston, SC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,109 | 1,285 | +15.9% |
Summary: The Charleston real estate market had 1,285 homes for sale in March 2024, a 15.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 52 | 59 | +13.5% |
| 2 Bedrooms | 213 | 234 | +9.9% |
| 3 Bedrooms | 441 | 512 | +16.1% |
| 4 Bedrooms | 273 | 316 | +15.8% |
| 5+ Bedrooms | 130 | 164 | +26.2% |
Summary: The Charleston housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.5%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 26.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 222 | 269 | +21.2% |
Asking Price vs. Sold Price
142 Homes Were Sold
Under Asking
60 Homes Were Sold
At Asking
67 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Charleston, you may be able to get a good deal. 52.8% of homes here sold below asking price last month.
Summary: A total of 269 homes were sold or pending in Charleston in March 2024, up by 21.2% month-over-month. Of the 269 sold homes, 53% were sold under asking, 22% were sold at asking, and 25% were sold over asking.
Days on Market for Charleston, SC
We’re sorry, we don't have information for this market at the moment
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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