Is West Ashley, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, West Ashley has remained a Seller's Market.
Housing Prices in West Ashley, SC
How much do homes in West Ashley, SC cost?
Median Sold Price
$466,170
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in West Ashley was $466,170 in May 2024, up 9% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $233K | $240K | +3.0% |
2 Bedrooms | $285K | $300K | +5.3% |
3 Bedrooms | $411.9K | $441.4K | +7.2% |
4 Bedrooms | $500.1K | $565K | +13.0% |
5+ Bedrooms | $521.5K | $715K | +37.1% |
Summary: West Ashley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 37.1%.
Median Sold Price Compared To Nearby Cities
Charleston | $499K | $549.9K | +10.2% |
Hollywood | $632.5K | $692.4K | +9.5% |
West Ashley | $427.6K | $466.1K | +9.0% |
North Charleston | $324.9K | $334.9K | +3.1% |
Housing Supply in West Ashley, SC
How many homes are available in West Ashley, SC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
367 | 386 | +5.2% |
Summary: The West Ashley real estate market had 386 homes for sale in May 2024, a 5.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 52 | 58 | +11.5% |
3 Bedrooms | 191 | 195 | +2.1% |
4 Bedrooms | 97 | 103 | +6.2% |
5+ Bedrooms | 23 | 26 | +13.0% |
Summary: The West Ashley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 13%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
117 | 91 | -22.2% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 91 homes were sold or pending in West Ashley in May 2024, down by 22.2% month-over-month. Of the 91 sold homes, 46% were sold under asking, 27% were sold at asking, and 26% were sold over asking.
Days on Market for West Ashley, SC
How long does it take to sell a home in West Ashley, SC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
0 Days | 121 Days | +24100.0% |
Summary: Homes in West Ashley had an average of 121 days on market in May 2024, up by 24100% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 91 homes were sold in West Ashley; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.