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 October 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

$474,971

$266/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,846(+5.8%)

Key Takeaway

Homes in West Ashley have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in West Ashley was $474,971 in October 2024, up 5.8% from last year, and the median price per square foot was $266.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $241K$227.3K
-5.6%
2 $290K$300K
+3.4%
3 $425K$449.9K
+5.9%
4 $535K$577.3K
+7.9%
5+ $635K$670K
+5.5%

Summary: West Ashley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 5.5%.

Median Sold Price Compared To Nearby Cities

Charleston
+9.4%
Hollywood
+8.4%
West Ashley
+5.8%
North Charleston
+1.1%

Housing Supply in West Ashley, SC

How many homes are available in West Ashley, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
357428+19.9%

Summary: The West Ashley real estate market had 428 homes for sale in October 2024, a 19.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 66
0.0%
2 4146
+12.2%
3 182215
+18.1%
4 99123
+24.2%
5+ 2938
+31.0%

Summary: The West Ashley housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes increased by 31%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
7180+12.7%

Asking Price vs. Sold Price

47 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

10 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. 58.8% of homes here sold below asking price last month.

Summary: A total of 80 homes were sold or pending in West Ashley in October 2024, up by 12.7% month-over-month. Of the 80 sold homes, 59% were sold under asking, 29% were sold at asking, and 13% 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 18 Days Ago

Newest Listings in West Ashley, SC

Nearby Markets to West Ashley, SC

What housing markets are near West Ashley, SC?