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.
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
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
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