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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Charleston County is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Charleston County, SC

How much do homes in Charleston County, SC cost?

Median Sold Price

$596,180

$328/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$52,028(+9.6%)

Key Takeaway

Homes in Charleston County have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in Charleston County was $596,180 in May 2024, up 9.6% from last year, and the median price per square foot was $328.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $300K$310K
+3.3%
2 $350.5K$385.2K
+9.9%
3 $484K$519.9K
+7.4%
4 $698.9K$803.7K
+15.0%
5+ $1.0M$1.2M
+21.4%

Summary: Charleston County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 21.4%.

Median Sold Price Compared To Nearby Counties

Georgetown County
+23.3%
Colleton County
+19.7%
Charleston County
+9.6%
Berkeley County
+1.3%
Dorchester County
-0.3%

Housing Supply in Charleston County, SC

How many homes are available in Charleston County, SC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2,5752,863+11.2%

Summary: The Charleston County real estate market had 2,863 homes for sale in May 2024, a 11.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 9294
+2.2%
2 375416
+10.9%
3 9881,068
+8.1%
4 712822
+15.4%
5+ 408463
+13.5%

Summary: The Charleston County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 13.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
609587-3.6%

Asking Price vs. Sold Price

351 Homes Were Sold
Under Asking

126 Homes Were Sold
At Asking

110 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Charleston County, you may be able to get a good deal. 59.8% of homes here sold below asking price last month.

Summary: A total of 587 homes were sold or pending in Charleston County in May 2024, down by 3.6% month-over-month. Of the 587 sold homes, 60% were sold under asking, 21% were sold at asking, and 19% were sold over asking.

Days on Market for Charleston County, SC

How long does it take to sell a home in Charleston County, SC?

Average Sale Time

May 2023May 2024CHANGE
11 Days677 Days+5791.3%

Summary: Homes in Charleston County had an average of 677 days on market in May 2024, up by 5791.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Charleston County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 587 homes were sold in Charleston County; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Charleston County, SC

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