Is Charleston Central, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Charleston Central was a Seller's Market.
Key Takeaway
Charleston Central is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Charleston Central, SC
How much do homes in Charleston Central, SC cost?
Median Sold Price
$911,400
$605/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Charleston Central have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Charleston Central was $911,400 in May 2024, up 10.8% from last year, and the median price per square foot was $605.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $474.5K | $478K | +0.7% |
| 2 Bedrooms | $677.5K | $788.5K | +16.4% |
| 3 Bedrooms | $810.5K | $977.5K | +20.6% |
| 4 Bedrooms | $1.1M | $1.3M | +12.1% |
| 5+ Bedrooms | $2.1M | $1.5M | -27.9% |
Summary: Charleston Central housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 20.6%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes decreased by 27.9%.
Median Sold Price Compared To Nearby Cities
| Mount Pleasant | $740.8K | $827.8K | +11.7% |
| Charleston Central | $822.5K | $911.4K | +10.8% |
| Charleston | $499K | $549.9K | +10.2% |
| West Ashley | $427.6K | $466.1K | +9.0% |
| North Charleston | $324.9K | $334.9K | +3.1% |
Housing Supply in Charleston Central, SC
How many homes are available in Charleston Central, SC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 321 | 364 | +13.4% |
Summary: The Charleston Central real estate market had 364 homes for sale in May 2024, a 13.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 33 | 36 | +9.1% |
| 2 Bedrooms | 85 | 103 | +21.2% |
| 3 Bedrooms | 83 | 77 | -7.2% |
| 4 Bedrooms | 59 | 67 | +13.6% |
| 5+ Bedrooms | 61 | 81 | +32.8% |
Summary: The Charleston Central housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 21.2%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 32.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 67 | 43 | -35.8% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Charleston Central, you may be able to get a good deal. 65.1% of homes here sold below asking price last month.
Summary: A total of 43 homes were sold or pending in Charleston Central in May 2024, down by 35.8% month-over-month. Of the 43 sold homes, 65% were sold under asking, 14% were sold at asking, and 21% were sold over asking.
Days on Market for Charleston Central, SC
We’re sorry, we don't have information for this market at the moment
