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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Charleston is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Charleston, TN

How much do homes in Charleston, TN cost?

Median Sold Price

$550,000

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$230,625(+72.2%)

Key Takeaway

Homes in Charleston have sold for 72.2% more than they did a year ago.

Summary: The median home sold price in Charleston was $550,000 in November 2024, up 72.2% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$93.7K
N/A
2 $270K$282.5K
+4.6%
3 $266K$540K
+103.0%
4 $485K$700K
+44.3%
5+ $572K$1.5M
+162.2%

Summary: Charleston housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 103%, 4 bedroom homes increased by 44.3%, and 5+ bedroom homes increased by 162.2%.

Housing Supply in Charleston, TN

How many homes are available in Charleston, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
20200.0%

Summary: The Charleston real estate market had 20 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 1212
0.0%
4 54
-20.0%
5+ 22
0.0%

Summary: The Charleston housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
18+700.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 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. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Charleston in November 2024, up by 700.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Charleston, TN

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

Average Sale Time

Nov 2023Nov 2024CHANGE
30 Days154 Days+402.2%

Summary: Homes in Charleston had an average of 154 days on market in Nov 2024, up by 402.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 8 homes were sold in Charleston; 13% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% 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 21 Days Ago

Newest Listings in Charleston, TN

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