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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Charleston is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Charleston was a Seller's Market.

Key Takeaway

Charleston is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Charleston, SC

How much do homes in Charleston, SC cost?

Median Sold Price

$578,957

$322/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$53,483(+10.2%)

Key Takeaway

Homes in Charleston have sold for 10.2% more than they did a year ago.

Summary: The median home sold price in Charleston was $578,957 in November 2024, up 10.2% from last year, and the median price per square foot was $322.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $275K$280K
+1.8%
2 $381.6K$387.5K
+1.5%
3 $470K$519.9K
+10.6%
4 $644.7K$700K
+8.6%
5+ $1.0M$1.1M
+9.9%

Summary: Charleston housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 9.9%.

Median Sold Price Compared To Nearby Cities

Charleston Central
+19.0%
James Island
+15.4%
Charleston
+10.2%
Folly Beach
+8.5%
West Ashley
+5.0%

Housing Supply in Charleston, SC

How many homes are available in Charleston, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1,3251,336+0.8%

Summary: The Charleston real estate market had 1,336 homes for sale in November 2024, a 0.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 5753
-7.0%
2 218223
+2.3%
3 528537
+1.7%
4 379378
-0.3%
5+ 143145
+1.4%

Summary: The Charleston housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 1.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
252221-12.3%

Asking Price vs. Sold Price

141 Homes Were Sold
Under Asking

50 Homes Were Sold
At Asking

30 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Charleston, you may be able to get a good deal. 63.8% of homes here sold below asking price last month.

Summary: A total of 221 homes were sold or pending in Charleston in November 2024, down by 12.3% month-over-month. Of the 221 sold homes, 64% were sold under asking, 23% were sold at asking, and 14% were sold over asking.

Days on Market for 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 19 Days Ago

Newest Listings in Charleston, SC

Nearby Markets to Charleston, SC

What housing markets are near Charleston, SC?