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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Charleston is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in North Charleston, SC

How much do homes in North Charleston, SC cost?

Median Sold Price

$334,877

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$14,898(+4.7%)

Key Takeaway

Homes in North Charleston have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in North Charleston was $334,877 in February 2024, up 4.7% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $120K$155K
+29.2%
2 $211.5K$220K
+4.0%
3 $300K$320K
+6.7%
4 $379.9K$390K
+2.6%
5+ $442K$452.5K
+2.4%

Summary: North Charleston housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.2%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 2.4%.

Median Sold Price Compared To Nearby Cities

West Ashley
+8.2%
Hanahan
+5.8%
North Charleston
+4.7%
Goose Creek
0.5%

Housing Supply in North Charleston, SC

How many homes are available in North Charleston, SC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
477542+13.6%

Summary: The North Charleston real estate market had 542 homes for sale in February 2024, a 13.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 53
-40.0%
2 6673
+10.6%
3 256302
+18.0%
4 123130
+5.7%
5+ 2734
+25.9%

Summary: The North Charleston housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 25.9%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
96121+26.0%

Asking Price vs. Sold Price

62 Homes Were Sold
Under Asking

36 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Charleston, you may be able to get a good deal. 51.2% of homes here sold below asking price last month.

Summary: A total of 121 homes were sold or pending in North Charleston in February 2024, up by 26.0% month-over-month. Of the 121 sold homes, 51% were sold under asking, 30% were sold at asking, and 19% were sold over asking.

Days on Market for North 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 27 Days Ago

Newest Listings in North Charleston, SC

Nearby Markets to North Charleston, SC

What housing markets are near North Charleston, SC?