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Charleston Real Estate Market Overview
The Charleston housing market, while moderately competitive, has seen significant growth in median prices alongside varied migration trends.
Insights into Charleston's housing market:
Median Home Prices: Charleston has experienced a notable 13.5% increase in the median sale price of homes, reaching $590,000 compared to the previous year.
Price per Square Foot: A substantial rise of 15.3% is seen in the median sale price per square foot, now standing at $328.
Sales Dynamics: Homes in Charleston are spending a relatively consistent time on the market, averaging 46 days compared to 49 days the previous year. There was a slight decrease in the number of homes sold, with 220 homes sold in October this year, down from 246 in the same period last year.
Incoming Homebuyers: A marginal percentage (0.48%) of homebuyers are considering a move into Charleston from outside metros, with Washington homebuyers showing the most interest, followed by New York and Chicago.
Outgoing Homebuyers: 71% of Charleston homebuyers are opting to remain within the metropolitan area. Columbia emerges as the favored destination, followed by Asheville and Greenville.
For personalized guidance and insights into Charleston's real estate landscape, Andy Bovender is your dedicated professional. With a commitment to exceptional service and a thorough understanding of the local market, Andy is ready to assist you in navigating Charleston's real estate market.
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Browse things to do, places to see, and landmarks to explore in Charleston and nearby areas.
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