2022 QUARTER THREE MARKET REPORT CHARLESTON AREA
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Properties Cover Home | 940 Paul Revere, Charleston | Listed at $3,800,000 42 Legare Street, Charleston | Sold at $4,300,000 84 King Street, Charleston | Sold at $2,600,000
21 AVERAGE DAYS ON MARKET 27.01% The Lowcountry Q3 2022 vs Q3 2021 2,696 NUMBER OF SALES 26.10% ^ ^ The Overview $443.10 AVERAGE SOLD PRICE PER SQFT 21.07% $1,065,229.17 AVERAGE SALES PRICE 19.51% 97.76% LIST TO SALES PRICE RATIO 0.40% ^ ^ ^
Q3 2022 Market Report Section 1: Charleston Area
JOHNS ISLAND AND WADMALAW ISLAND Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 204 2022 279 2021 18 2022 10 2021 $282.07 2022 $225.66 2021 $654,947 2022 $496,028 2021 98.86% 2022 99.12% 2021 JAMES ISLAND AND FOLLY BEACH Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 221 2022 313 2021 15 2022 13 2021 $360.19 2022 $285.22 2021 $637,840 2022 $480,813 2021 98.33% 2022 99.65% 2021 26.88% 80.0% 25.0% 32.04% 0.26% 29.39% 15.38% 26.28% 32.66% 1.32%
WEST ASHLEY (INSIDE I-526) Residential Sales | Greater Charleston Area WEST ASHLEY (OUTSIDE I-526) Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 144 2022 191 2021 16 2022 19 2021 $322.30 2022 $260.95 2021 $566,644 2022 $444,624 2021 98.16% 2022 99.22% 2021 LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 259 2022 301 2021 10 2022 9 2021 $228.42 2022 $191.54 2021 $423,588 2022 $366,186 2021 100.27% 2022 100.14% 2021 24.61% 15.79% 23.51% 27.44% 1.06% 13.95% 11.11% 19.25% 15.68% 0.13%
RURAL WEST ASHLEY Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 50 2022 57 2021 24 2022 60 2021 $269.14 2022 $239.42 2021 $607,709 2022 $612,004 2021 97.54% 2022 98.05% 2021 SUMMERVILLE Residential Sales | Greater Charleston Area 12.28% 60.0% 12.41% 0.70% 0.51% LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 481 2022 613 2021 22 2022 13 2021 $184.14 2022 $159.98 2021 $403,257 2022 $341,503 2021 99.51% 2022 100.33% 2021 21.53% 69.23% 15.10% 18.08% 0.82%
NORTH CHARLESTON (INSIDE I-526) Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 114 2022 144 2021 13 2022 21 2021 $243.65 2022 $213.50 2021 $321,739 2022 $294,999 2021 99.33% 2022 100.01% 2021 NORTH CHARLESTON/SUMMERVILLE (OUTSIDE I-526) Residential Sales | Greater Charleston Area 20.83% 38.10% 14.12% 9.06% 0.68% LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 247 2022 278 2021 14 2022 10 2021 $190.42 2022 $160.91 2021 $286,666 2022 $246,350 2021 100.19% 2022 100.62% 2021 11.15% 40.0% 18.34% 16.37% 0.43%
KIAWAH ISLAND Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 24 2022 43 2021 19 2022 48 2021 $863.42 2022 $612.24 2021 $2,386,792 2022 $1,418,616 2021 98.50% 2022 98.19% 2021 SEABROOK ISLAND Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 54 2022 62 2021 19 2022 16 2021 $497.02 2022 $364.68 2021 $878,243 2022 $683,827 2021 98.88% 2022 98.24% 2021 29.5% 60.42% 41.03% 68.25% 0.30% 12.90% 18.75% 36.29% 28.43% 0.64% Kiawah Island stats from Charleston MLS only 44.19%
SULLIVAN’S ISLAND Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 9 2022 9 2021 27 2022 76 2021 $1,133.34 2022 $972.79 2021 $4,185,167 2022 $4,415,222 2021 96.33% 2022 96.07% 2021 ISLE OF PALMS/WILD DUNES Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 61 2022 101 2021 35 2022 36 2021 $772.92 2022 $712.82 2021 $1,594,869 2022 $1,396,867 2021 95.50% 2022 98.86% 2021 64.47% 16.50% 5.21% 0.26% 39.60% 2.78% 8.43% 14.17% 3.36%
MT. PLEASANT (SOUTH OF IOP CONNECTOR) Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 234 2022 354 2021 19 2022 16 2021 $433.21 2022 $334.22 2021 $973,805 2022 $726,940 2021 97.68% 2022 99.17% 2021 MT. PLEASANT (NORTH OF IOP CONNECTOR) Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 294 2022 384 2021 14 2022 9 2021 $313.13 2022 $255.44 2021 $790,148 2022 $668,910 2021 98.85% 2022 101.19% 2021 33.90% 18.75% 29.62% 33.96% 1.49% 23.44% 55.56% 22.58% 18.12% 2.35%
DANIEL ISLAND Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 65 2022 147 2021 14 2022 21 2021 $492.50 2022 $454.13 2021 $1,660,378 2022 $1,269,860 2021 98.36% 2022 99.35% 2021 WANDO/CAINHOY Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 86 2022 138 2021 17 2022 21 2021 $272.98 2022 $216.17 2021 $603,374 2022 $513,675 2021 99.48% 2022 100.30% 2021 37.68% 19.05% 26.28% 17.46% 0.82% 58.78% 33.33% 8.45% 30.75% 0.99%
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Q3 2022 Market Report Section 2: Downtown Charleston
DOWNTOWN CHARLESTON (INSIDE CROSSTOWN) Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 97 2022 176 2021 61 2022 83 2021 $665.88 2022 $561.02 2021 $1,464,897 2022 $1,034,416 2021 97.75% 2022 97.36% 2021 DOWNTOWN CHARLESTON (OUTSIDE CROSSTOWN) Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 52 2022 58 2021 24 2022 49 2021 $451.04 2022 $369.37 2021 $734,062 2022 $633,458 2021 97.99% 2022 97.78% 2021 44.89% 26.51% 18.69% 41.62% 0.39% 10.34% 51.02% 22.11% 15.88% 0.21%
SOUTH OF BROAD Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 25 2022 37 2021 50 2022 115 2021 $836.27 2022 $698.76 2021 $2,736,720 2022 $2,025,243 2021 97.02% 2022 97.06% 2021 HARLESTON VILLAGE Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 15 2022 32 2021 16 2022 70 2021 $690.79 2022 $517.84 2021 $1,220,610 2022 $976,734 2021 98.56% 2022 98.14% 2021 32.43% 56.52% 35.13% 0.04% 53.13% 77.14% 33.40% 24.97% 0.42% 19.68%
FRENCH QUARTER Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 19 2022 8 2021 53 2022 111 2021 $824.12 2022 $763.06 2021 $1,454,368 2022 $757,500 2021 96.08% 2022 97.82% 2021 ANSONBOROUGH Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 6 2022 8 2021 5 2022 105 2021 $683.34 2022 $589.65 2021 $1,465,000 2022 $1,250,313 2021 99.06% 2022 92.08% 2021 25.0% 95.24% 15.89% 17.17% 6.99% 137.50% 52.25% 92.0% 1.74% 8.0%
RADCLIFFEBOROUGH Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 8 2022 14 2021 47 2022 32 2021 $497.00 2022 $422.56 2021 $973,000 2022 $717,800 2021 98.09% 2022 99.90% 2021 CANNONBOROUGH/ELLIOTTBOROUGH Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 15 2022 42 2021 11 2022 27 2021 $588.42 2022 $397.92 2021 $908,017 2022 $682,452 2021 101.40% 2022 98.89% 2021 42.86% 46.88% 17.62% 35.55% 1.82% 64.29% 59.26% 47.87% 33.05% 2.51%
WAGENER TERRACE/HAMPTON PARK Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 18 2022 18 2021 21 2022 33 2021 $447.46 2022 $396.02 2021 $788,889 2022 $780,093 2021 97.78% 2022 97.27% 2021 MAZYCK/WRAGGBOROUGH Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 1 2022 4 2021 7 2022 230 2021 $728.72 2022 $504.18 2021 $2,200,000 2022 $784,875 2021 101.15% 2022 92.80% 2021 36.36% 12.99% 1.13% 0.51% 75.0% 96.96% 44.54% 180.30% 8.35%
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