Altos Market Data for Realtors

Charleston, SC

Single-Family Homes

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Charleston, SC

Thu Dec 01 2022
This week the median list price for Charleston, SC is $600,000 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has held steady at or around 365. Click here to stay informed with the Charleston market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Charleston, SC

Thu Dec 01 2022
This week the median list price for Charleston, SC is $600,000 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has held steady at or around 365. Click here to stay informed with the Charleston market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Charleston market.
Median List Price $600,000
Median Price of New Listings $449,500
Per Square Foot $308
Average Days on Market 70
Median Days on Market 56
Price Decreased 54%
Price Increased 2%
Relisted 5%
Inventory 365
Median Rent
Market Action 40
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,375,000 3,552 0.25 - 0.5 acre 4 4 20 7 8 63
$785,000 2,418 6,500 - 8,000 sqft 4 2.5 33 3 11 56
$514,000 1,869 8,000 - 10,000 sqft 3 2 31 7 11 49
$379,000 1,600 8,000 - 10,000 sqft 3 2 53 17 22 45