Is West Ashley, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Ashley is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, West Ashley has remained a Seller's Market.

Key Takeaway

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

Housing Prices in West Ashley, SC

How much do homes in West Ashley, SC cost?

Median Sold Price

$455,576

$253/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$30,573(+7.2%)

Key Takeaway

Homes in West Ashley have sold for 7.2% more than they did a year ago.

Summary: The median home sold price in West Ashley was $455,576 in March 2024, up 7.2% from last year, and the median price per square foot was $253.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $230K$242.5K
+5.4%
2 $286K$290K
+1.4%
3 $408.6K$435K
+6.4%
4 $500K$550K
+10.0%
5+ $515K$672.5K
+30.6%

Summary: West Ashley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 30.6%.

Median Sold Price Compared To Nearby Cities

Hollywood
+11.5%
Charleston
+9.4%
West Ashley
+7.2%
North Charleston
+4.0%

Housing Supply in West Ashley, SC

How many homes are available in West Ashley, SC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
310360+16.1%

Summary: The West Ashley real estate market had 360 homes for sale in March 2024, a 16.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 88
0.0%
2 3743
+16.2%
3 165191
+15.8%
4 8295
+15.9%
5+ 1823
+27.8%

Summary: The West Ashley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 27.8%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
8196+18.5%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

26 Homes Were Sold
At Asking

27 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Ashley, you may be able to get a good deal. 44.8% of homes here sold below asking price last month.

Summary: A total of 96 homes were sold or pending in West Ashley in March 2024, up by 18.5% month-over-month. Of the 96 sold homes, 45% were sold under asking, 27% were sold at asking, and 28% were sold over asking.

Days on Market for West Ashley, 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 24 Days Ago

Newest Listings in West Ashley, SC

Nearby Markets to West Ashley, SC

What housing markets are near West Ashley, SC?