Real estate market data for Charleston, SC provided by Greg Polak of Keller Williams Realty.
Charleston(29403) SC Home Prices
We have seen multiple straight months of listing price increases on home prices in Charleston SC and don’t expect things to slow down anytime soon. If you are considering buying a home you can still find deals on a house in downtown Charleston but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Charleston home on which you are making an offer.
If you are interested in how much current inventory is on the market in Charleston(29403) SC you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of Charleston, homes have a median time of 113 days on the market before they sell. Low inventory in Charleston has multiple offers coming in on homes similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.
Charleston(29403) SC Real Estate Report Summary
The median list price in November for single family homes in Charleston is $384,590.
The number of active listings in Charleston (29403) decreased by 10.5% from the previous month.
There were 109 active listings.
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