REAL ESTATE REPORT
PRESENTED BY THE CASSINA GROUP
JANUARY 2023
MARKET REPORTS
In this report, you will find several charts broken down by geographic area which show monthly and year-to-date trends for specific locations; to provide a market analysis that illustrates real estate activity in Charleston. Information includes the number of new and closed listings, median and average sales price, percent of list price received, days on market until sale and more.
If you are thinking of making a move or have questions about your home’s specific value, please don’t hesitate to reach out to your agent at The Cassina Group, 843.628.0008.
The Cassina Group: Our Story
The Cassina Group was founded in 2006 with a vision of doing real estate differently. By balancing traditional real estate models with unique marketing and emerging technology, The Cassina Group has created a cutting edge and innovative company that serves as a leader in the Charleston market.
Our Philosophy
Especially for today’s homebuyers and sellers, The Cassina Group is Charleston’s innovation-driven real estate firm, with a proven reputation for delivering stronger results through leading-edge technology and building lasting relationships. Our pioneering spirit generates a contagious energy enabling us to continually place new ideas into motion. Our strength lies on our people: knowledgeable, professional and committed. We are passionate about a great real estate event and promoting the well-being of our community.
Local Market Update – January 2023
Townhouse-Condo
Single-Family
Key Metrics 20222023 Percent Change 20222023 Percent Change New Listings 19 13 - 31.6%19 13 - 31.6% Closed Sales 17 6 - 64.7%17 6 - 64.7% Median Sales Price* $880,000 $2,105,500 + 139.3%$880,000 $2,105,500 + 139.3% Average Sales Price* $1,308,471 $2,050,167 + 56.7%$1,308,471 $2,050,167 + 56.7% Percent of Original List Price Received*95.7% 96.2% + 0.5%95.7% 96.2% + 0.5% Days on Market Until Sale 35 41 + 17.1%35 41 + 17.1% Inventory of Homes for Sale 43 45 + 4.7% Key Metrics 20222023 Percent Change 20222023 Percent Change New Listings 19 12 - 36.8%19 12 - 36.8% Closed Sales 15 13 - 13.3%15 13 - 13.3% Median Sales Price* $599,000 $807,000 + 34.7%$599,000 $807,000 + 34.7% Average Sales Price* $812,467 $880,038 + 8.3%$812,467 $880,038 + 8.3% Percent of Original List Price Received*93.9% 95.7% + 1.9%93.9% 95.7% + 1.9% Days on Market Until Sale 95 41 - 56.8%95 41 - 56.8% Inventory of Homes for Sale 60 48 - 20.0% Downtown Charleston — Downtown Charleston — Current as of February 9, 2023. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2023 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. All MLS — All MLS —
Detached
Research
Downtown Charleston January Year to Date * Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size. Area 51 January Year to Date * Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
12-Month
Townhouse-Condo Attached $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 1-20131-20151-20171-20191-20211-2023 Single-Family Detached $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 1-20131-20151-20171-20191-20211-2023
A
Tool Provided by the Charleston Trident Association of REALTORS®
Historical Median Sales Price Rolling
Calculation
Attached
Local Market Update – January 2023
Upper Charleston Peninsula
Townhouse-Condo Attached
Historical Median Sales Price Rolling 12-Month Calculation
Single-Family
Key Metrics 20222023 Percent Change 20222023 Percent Change New Listings 26 7 - 73.1%26 7 - 73.1% Closed Sales 20 10 - 50.0%20 10 - 50.0% Median Sales Price* $617,500 $635,000 + 2.8%$617,500 $635,000 + 2.8% Average Sales Price* $681,800 $696,249 + 2.1%$681,800 $696,249 + 2.1% Percent of Original List Price Received*96.4% 95.2% - 1.2%96.4% 95.2% - 1.2% Days on Market Until Sale 67 20 - 70.1%67 20 - 70.1% Inventory of Homes for Sale 20 22 + 10.0%-Key Metrics 20222023 Percent Change 20222023 Percent Change New Listings 2 2 0.0% 2 2 0.0% Closed Sales 3 1 - 66.7% 3 1 - 66.7% Median Sales Price* $295,000 $450,000 + 52.5%$295,000 $450,000 + 52.5% Average Sales Price* $391,667 $450,000 + 14.9%$391,667 $450,000 + 14.9% Percent of Original List Price Received*88.9% 100.0% + 12.5%88.9% 100.0% + 12.5% Days on Market Until Sale 329 19 - 94.2%329 19 - 94.2% Inventory of Homes for Sale 7 5 - 28.6% Upper Charleston Peninsula — Upper Charleston Peninsula — Current as of February 9, 2023. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2023 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. All MLS — All MLS —
Detached
A Research Tool Provided by the Charleston Trident Association of REALTORS®
January Year to Date * Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size. Area 52 January Year to Date * Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
$200,000 $300,000 $400,000 $500,000 $600,000 $700,000 1-20131-20151-20171-20191-20211-2023 Single-Family Detached $100,000 $200,000 $300,000 $400,000 $500,000 1-20131-20151-20171-20191-20211-2023 Townhouse-Condo Attached
Local Market Update – January 2023
Lower Mount Pleasant
Townhouse-Condo Attached
Historical Median Sales Price Rolling 12-Month Calculation
Single-Family Detached Key Metrics 20222023 Percent Change 20222023 Percent Change New Listings 59 46 - 22.0%59 46 - 22.0% Closed Sales 38 27 - 28.9%38 27 - 28.9% Median Sales Price* $683,505 $860,000 + 25.8%$683,505 $860,000 + 25.8% Average Sales Price* $887,799 $1,076,941 + 21.3%$887,799 $1,076,941 + 21.3% Percent of Original List Price Received*97.7% 96.7% - 1.0%97.7% 96.7% - 1.0% Days on Market Until Sale 16 21 + 31.3%16 21 + 31.3% Inventory of Homes for Sale 40 67 + 67.5%-Key Metrics 20222023 Percent Change 20222023 Percent Change New Listings 33 17 - 48.5%33 17 - 48.5% Closed Sales 29 14 - 51.7%29 14 - 51.7% Median Sales Price* $568,330 $360,000 - 36.7%$568,330 $360,000 - 36.7% Average Sales Price* $514,182 $381,064 - 25.9%$514,182 $381,064 - 25.9% Percent of Original List Price Received*100.8% 97.2% - 3.6%100.8% 97.2% - 3.6% Days on Market Until Sale 15 24 + 60.0%15 24 + 60.0% Inventory of Homes for Sale 12 19 + 58.3%-Lower Mount Pleasant — Lower Mount Pleasant — Current as of February 9, 2023. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2023 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. All MLS — All MLS —
A Research Tool Provided by the Charleston Trident Association of REALTORS®
January Year to Date * Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size. Area 42 January Year to Date * Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
$200,000 $400,000 $600,000 $800,000 $1,000,000 1-20131-20151-20171-20191-20211-2023 Single-Family Detached $100,000 $200,000 $300,000 $400,000 $500,000 1-20131-20151-20171-20191-20211-2023
Attached
Townhouse-Condo
Local Market Update – January 2023
Single-Family
Key Metrics 20222023 Percent Change 20222023 Percent Change New Listings 58 56 - 3.4% 58 56 - 3.4% Closed Sales 49 43 - 12.2%49 43 - 12.2% Median Sales Price* $756,000 $750,000 - 0.8%$756,000 $750,000 - 0.8% Average Sales Price* $840,000 $943,731 + 12.3%$840,000 $943,731 + 12.3% Percent of Original List Price Received*100.3% 92.9% - 7.4%100.3% 92.9% - 7.4% Days on Market Until Sale 17 48 + 182.4%17 48 + 182.4% Inventory of Homes for Sale 43 92 + 114.0%-Key Metrics 20222023 Percent Change 20222023 Percent Change New Listings 25 19 - 24.0%25 19 - 24.0% Closed Sales 30 12 - 60.0%30 12 - 60.0% Median Sales Price* $290,848 $437,500 + 50.4%$290,848 $437,500 + 50.4% Average Sales Price* $345,638 $457,063 + 32.2%$345,638 $457,063 + 32.2% Percent of Original List Price Received*102.6% 94.9% - 7.5%102.6% 94.9% - 7.5% Days on Market Until Sale 27 45 + 66.7%27 45 + 66.7% Inventory of Homes for Sale 11 25 + 127.3%-Upper Mount Pleasant — Upper Mount Pleasant — Current as of February 9, 2023. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2023 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. All MLS — All MLS —
Detached
A Research Tool Provided by the Charleston Trident Association of REALTORS®
January Year to Date * Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size. Area 41 January Year to Date * Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size. Historical
12-Month
Townhouse-Condo Attached $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 $900,000 1-20131-20151-20171-20191-20211-2023 Single-Family Detached $100,000 $200,000 $300,000 $400,000 $500,000 1-20131-20151-20171-20191-20211-2023
Attached
Upper Mount Pleasant
Median Sales Price Rolling
Calculation
Townhouse-Condo
Local Market Update – January 2023
Isle of Palms
Single-Family
Key Metrics 20222023 Percent Change 20222023 Percent Change New Listings 18 8 - 55.6%18 8 - 55.6% Closed Sales 14 6 - 57.1%14 6 - 57.1% Median Sales Price* $1,282,500 $2,045,000 + 59.5%$1,282,500 $2,045,000 + 59.5% Average Sales Price* $1,359,807 $2,665,000 + 96.0%$1,359,807 $2,665,000 + 96.0% Percent of Original List Price Received*97.3% 91.3% - 6.2%97.3% 91.3% - 6.2% Days on Market Until Sale 25 75 + 200.0%25 75 + 200.0% Inventory of Homes for Sale 20 33 + 65.0%-Key Metrics 20222023 Percent Change 20222023 Percent Change New Listings 6 3 - 50.0% 6 3 - 50.0% Closed Sales 2 3 + 50.0% 2 3 + 50.0% Median Sales Price* $1,237,500 $585,000 - 52.7%$1,237,500 $585,000 - 52.7% Average Sales Price* $1,237,500 $568,000 - 54.1%$1,237,500 $568,000 - 54.1% Percent of Original List Price Received*95.0% 99.4% + 4.6%95.0% 99.4% + 4.6% Days on Market Until Sale 30 1 - 96.7%30 1 - 96.7% Inventory of Homes for Sale 6 9 + 50.0%-Isle of Palms — Isle of Palms — Current as of February 9, 2023. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2023 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. All MLS — All MLS —
Detached
A Research Tool Provided by the Charleston Trident Association of REALTORS®
January Year to Date * Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size. Areas 44 & 45 January Year to Date * Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size. Historical Median Sales Price Rolling 12-Month Calculation Townhouse-Condo Attached $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 1-20131-20151-20171-20191-20211-2023 Single-Family Detached $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 1-20131-20151-20171-20191-20211-2023
Attached
Townhouse-Condo
Single-Family Detached Key Metrics 20222023 Percent Change 20222023 Percent Change New Listings 3 6 + 100.0%3 6 + 100.0% Closed Sales 0 1 0 1 Median Sales Price* $0 $2,700,000 $0 $2,700,000 Average Sales Price* $0 $2,700,000 $0 $2,700,000 Percent of Original List Price Received*0.0% 108.0% 0.0% 108.0% Days on Market Until Sale 0 3 0 3 Inventory of Homes for Sale 9 13 + 44.4%-Key Metrics 20222023 Percent Change 20222023 Percent Change New Listings 0 0 0 0 Closed Sales 1 1 0.0% 1 1 0.0% Median Sales Price* $1,525,000 $1,375,000 - 9.8%$1,525,000 $1,375,000 - 9.8% Average Sales Price* $1,525,000 $1,375,000 - 9.8%$1,525,000 $1,375,000 - 9.8% Percent of Original List Price Received*78.2% 98.2% + 25.6%78.2% 98.2% + 25.6% Days on Market Until Sale 131 38 - 71.0%131 38 - 71.0% Inventory of Homes for Sale 0 0 Sullivan's Island — Sullivan's Island — Current as of February 9, 2023. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2023 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. All MLS — All MLS —
A Research Tool Provided by the Charleston Trident Association of REALTORS® Sullivan's Island January Year to Date * Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size. Area 43 January Year to Date * Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size. Historical Median Sales Price Rolling 12-Month Calculation
Attached $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 1-20131-20151-20171-20191-20211-2023 Single-Family Detached $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 1-20131-20151-20171-20191-20211-2023
Attached
Local Market Update – January 2023
Townhouse-Condo
Townhouse-Condo
Local Market Update – January 2023
James Island
Townhouse-Condo Attached
Townhouse-Condo
Key Metrics 20222023 Percent Change 20222023 Percent Change New Listings 58 32 - 44.8%58 32 - 44.8% Closed Sales 44 26 - 40.9%44 26 - 40.9% Median Sales Price* $525,250 $560,000 + 6.6%$525,250 $560,000 + 6.6% Average Sales Price* $569,056 $582,590 + 2.4%$569,056 $582,590 + 2.4% Percent of Original List Price Received*101.0% 95.8% - 5.1%101.0% 95.8% - 5.1% Days on Market Until Sale 14 26 + 85.7%14 26 + 85.7% Inventory of Homes for Sale 23 45 + 95.7%-Key Metrics 20222023 Percent Change 20222023 Percent Change New Listings 18 11 - 38.9%18 11 - 38.9% Closed Sales 15 9 - 40.0%15 9 - 40.0% Median Sales Price* $265,000 $245,000 - 7.5%$265,000 $245,000 - 7.5% Average Sales Price* $272,333 $323,000 + 18.6%$272,333 $323,000 + 18.6% Percent of Original List Price Received*98.9% 96.4% - 2.5%98.9% 96.4% - 2.5% Days on Market Until Sale 33 25 - 24.2%33 25 - 24.2% Inventory of Homes for Sale 6 3 - 50.0% James Island — James Island — Current as of February 9, 2023. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2023 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. All MLS — All MLS —
Single-Family Detached
A Research Tool Provided by the Charleston Trident Association of REALTORS®
January Year to Date * Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size. Area 21 January Year to Date * Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
$200,000 $300,000 $400,000 $500,000 $600,000 1-20131-20151-20171-20191-20211-2023 Single-Family Detached $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 1-20131-20151-20171-20191-20211-2023
Historical Median Sales Price Rolling 12-Month Calculation Attached
Local Market Update – January 2023
West Ashley Area
Single-Family
Key Metrics 20222023 Percent Change 20222023 Percent Change New Listings 128 98 - 23.4%128 98 - 23.4% Closed Sales 94 53 - 43.6%94 53 - 43.6% Median Sales Price* $388,347 $420,000 + 8.2%$388,347 $420,000 + 8.2% Average Sales Price* $426,318 $489,225 + 14.8%$426,318 $489,225 + 14.8% Percent of Original List Price Received*97.8% 93.2% - 4.7%97.8% 93.2% - 4.7% Days on Market Until Sale 24 47 + 95.8%24 47 + 95.8% Inventory of Homes for Sale 77 98 + 27.3%-Key Metrics 20222023 Percent Change 20222023 Percent Change New Listings 34 27 - 20.6%34 27 - 20.6% Closed Sales 34 16 - 52.9%34 16 - 52.9% Median Sales Price* $321,610 $297,500 - 7.5%$321,610 $297,500 - 7.5% Average Sales Price* $303,326 $352,813 + 16.3%$303,326 $352,813 + 16.3% Percent of Original List Price Received*100.9% 94.8% - 6.0%100.9% 94.8% - 6.0% Days on Market Until Sale 11 19 + 72.7%11 19 + 72.7% Inventory of Homes for Sale 10 23 + 130.0%-West Ashley Area — West Ashley Area — Current as of February 9, 2023. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2023 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. All MLS — All MLS —
Detached
A Research Tool Provided by the Charleston Trident Association of REALTORS®
January Year to Date * Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size. Areas 11 & 12 January Year to Date * Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size. Historical Median Sales
12-Month
Townhouse-Condo Attached $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 1-20131-20151-20171-20191-20211-2023 Single-Family Detached $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 1-20131-20151-20171-20191-20211-2023
Attached
Price Rolling
Calculation
Townhouse-Condo
132 East Bay Street, Charleston, SC 29401 309 Coleman Boulevard, Mount Pleasant, SC 29464 843.628.0008 | CassinaGroup.com FOLLOW THE CASSINA GROUP
