REAL ESTATE REPORT
PRESENTED BY THE CASSINA GROUP
NOVEMBER 2022
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.
New Listings 24 22 - 8.3%386 288 - 25.4%
Closed Sales 19 12 - 36.8%358 233 - 34.9%
Median Sales Price* $1,595,800 $1,790,850 + 12.2%$1,043,500 $1,315,000 + 26.0%
Average Sales Price* $2,091,779 $2,069,100 - 1.1%$1,431,447 $1,820,432 + 27.2%
Percent of Original List Price Received*94.7% 96.9% + 2.3%94.0% 97.2% + 3.4% Days on Market Until Sale 50 23 - 54.0%86 44 - 48.8%
Inventory of Homes for Sale 62 51 - 17.7% Key Metrics
New Listings 29 17 - 41.4%375 295 - 21.3%
Closed Sales 16 14 - 12.5%310 244 - 21.3%
Median Sales Price* $695,000 $550,000 - 20.9%$649,500 $652,500 + 0.5%
Average Sales Price* $808,844 $832,972 + 3.0%$783,232 $896,313 + 14.4%
Percent of Original List Price Received*94.0% 96.2% + 2.3%94.1% 97.2% + 3.3% Days on Market Until Sale 64 31 - 51.6%98 56 - 42.9% Inventory of Homes for Sale 83 48 - 42.2%
New Listings 14 14 0.0% 255 232 - 9.0%
Closed Sales 12 10 - 16.7%232 187 - 19.4%
Median Sales Price* $732,300 $602,500 - 17.7%$597,000 $650,000 + 8.9%
Average Sales Price* $800,022 $787,077 - 1.6%$625,537 $756,108 + 20.9%
Percent of Original List Price Received*97.4% 97.8% + 0.4%96.2% 97.5% + 1.4%
Days on Market Until Sale 11 35 + 218.2%56 32 - 42.9%
Inventory of Homes for Sale 33 37 + 12.1%--
Key
New Listings 6 3 - 50.0%48 35 - 27.1%
Closed Sales 2 2 0.0% 32 29 - 9.4%
Median Sales Price* $600,000 $557,500 - 7.1%$442,000 $425,000 - 3.8%
Average Sales Price* $600,000 $557,500 - 7.1%$522,262 $475,925 - 8.9%
Percent of Original List Price Received*100.5% 94.0% - 6.5%97.9% 96.3% - 1.6%
on Market Until Sale 13 19 + 46.2%35 58 + 65.7% Inventory of Homes for Sale 11 7 - 36.4%
Detached
Metrics
Percent Change
Percent Change
Single-Family
Key
20212022
20212022
Percent Change
Percent Change
20212022
20212022
Downtown Charleston — Downtown Charleston — Current as of December 9, 2022. All data from the Charleston Trident Multiple Listing Service. Sponsored by South Carolina REALTORS®. Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. All MLS — All MLS — Local Market Update – November 2022 A Research Tool Provided by the Charleston Trident Association of REALTORS® Downtown Charleston November 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 November 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 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 1-20121-20141-20161-20181-20201-2022 Single-Family Detached $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000
Townhouse-Condo Attached
Detached
1-20121-20141-20161-20181-20201-2022
Single-Family
Percent Change 20212022 Percent Change
Key Metrics 20212022
Percent
Metrics 20212022 Percent Change 20212022
Change
Upper Charleston Peninsula — Upper Charleston Peninsula — Current as of December 9, 2022. All data from the Charleston Trident Multiple Listing Service. Sponsored by South Carolina REALTORS®. Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. All MLS — All MLS — Local Market Update – November 2022 A Research Tool Provided by the Charleston Trident Association of REALTORS® Upper Charleston Peninsula November 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 November 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 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 1-20121-20141-20161-20181-20201-2022 Single-Family Detached $100,000 $200,000 $300,000 $400,000 $500,000
Townhouse-Condo Attached
Days
1-20121-20141-20161-20181-20201-2022
New Listings 56 57 + 1.8%934 802 - 14.1%
Closed Sales 54 41 - 24.1%885 643 - 27.3%
Median Sales Price* $799,500 $1,150,000 + 43.8%$740,000 $899,000 + 21.5%
Average Sales Price* $1,150,195 $1,333,088 + 15.9%$925,791 $1,184,150 + 27.9%
Percent of Original List Price Received*97.9% 93.8% - 4.2%98.5% 98.9% + 0.4% Days on Market Until Sale 13 36 + 176.9%23 15 - 34.8%
Inventory of Homes for Sale 50 81 + 62.0%-Key Metrics
New Listings 26 16 - 38.5%532 346 - 35.0% Closed Sales 40 16 - 60.0%518 307 - 40.7%
Median Sales Price* $312,500 $413,500 + 32.3%$310,000 $395,000 + 27.4%
Average Sales Price* $382,035 $497,781 + 30.3%$418,340 $520,011 + 24.3%
Percent of Original List Price Received*98.3% 96.3% - 2.0%99.8% 100.1% + 0.3% Days on Market Until Sale 18 23 + 27.8%21 13 - 38.1% Inventory of Homes for Sale 20 28 + 40.0%--
Key
New Listings 58 61 + 5.2%1,209 1,091 - 9.8%
Closed Sales 78 48 - 38.5%1,165 849 - 27.1%
Median Sales Price* $708,000 $779,296 + 10.1%$642,879 $803,000 + 24.9%
Average Sales Price* $800,711 $838,120 + 4.7%$725,058 $911,303 + 25.7%
Percent of Original List Price Received*100.8% 93.0% - 7.7%100.8% 99.7% - 1.1%
Days on Market Until Sale 21 49 + 133.3%17 15 - 11.8%
Inventory of Homes for Sale 63 143 + 127.0%--
New Listings 26 18 - 30.8%354 315 - 11.0%
Closed Sales 29 12 - 58.6%323 277 - 14.2%
Median Sales Price* $411,590 $374,000 - 9.1%$348,000 $417,885 + 20.1%
Average Sales Price* $415,164 $444,687 + 7.1%$356,338 $429,806 + 20.6%
Percent of Original List Price Received*100.5% 98.1% - 2.4%100.7% 101.0% + 0.3%
on Market Until Sale 7 25 + 257.1%12 14 + 16.7%
100.0%--
Detached
Metrics
Percent Change
Percent Change
Single-Family
Key
20212022
20212022
Percent Change
Percent Change
20212022
20212022
Lower Mount Pleasant — Lower Mount Pleasant — Current as of December 9, 2022. All data from the Charleston Trident Multiple Listing Service. Sponsored by South Carolina REALTORS®. Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. All MLS — All MLS — Local Market Update – November 2022 A Research Tool Provided by the Charleston Trident Association of REALTORS® Lower Mount Pleasant November 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 November 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 $200,000 $400,000 $600,000 $800,000 $1,000,000 1-20121-20141-20161-20181-20201-2022 Single-Family Detached $100,000 $200,000 $300,000 $400,000 $500,000 1-20121-20141-20161-20181-20201-2022 Townhouse-Condo Attached
Detached
Single-Family
Percent Change
Percent Change
Metrics 20212022
20212022
Percent
Key Metrics 20212022 Percent Change 20212022
Change
Upper Mount Pleasant — Upper Mount Pleasant — Current as of December 9, 2022. All data from the Charleston Trident Multiple Listing Service. Sponsored by South Carolina REALTORS®. Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. All MLS — All MLS — Local Market Update – November 2022 A Research Tool Provided by the Charleston Trident Association of REALTORS® Upper Mount Pleasant November 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 November 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 $200,000 $400,000 $600,000 $800,000 $1,000,000 1-20121-20141-20161-20181-20201-2022 Single-Family Detached $100,000 $200,000 $300,000 $400,000 $500,000
Townhouse-Condo Attached
Days
Inventory of Homes for Sale 15 30 +
1-20121-20141-20161-20181-20201-2022
New Listings 20 15 - 25.0%298 215 - 27.9%
Closed Sales 19 10 - 47.4%250 152 - 39.2%
Median Sales Price* $1,610,000 $2,492,500 + 54.8%$1,625,000 $2,000,000 + 23.1%
Average Sales Price* $1,931,654 $2,668,500 + 38.1%$1,965,111 $2,358,171 + 20.0%
Percent of Original List Price Received*97.6% 90.7% - 7.1%97.4% 96.6% - 0.8% Days on Market Until Sale 27 88 + 225.9%29 30 + 3.4%
Inventory of Homes for Sale 32 48 + 50.0%-Key Metrics
New Listings 5 3 - 40.0%105 110 + 4.8%
Closed Sales 5 5 0.0% 106 92 - 13.2%
Median Sales Price* $730,000 $875,000 + 19.9%$727,500 $850,000 + 16.8%
Average Sales Price* $640,000 $970,800 + 51.7%$768,031 $980,901 + 27.7%
Percent of Original List Price Received*96.0% 91.8% - 4.4%97.8% 97.3% - 0.5% Days on Market Until Sale 100 71 - 29.0%69 37 - 46.4% Inventory of Homes for Sale 12 14 + 16.7%--
New Listings 3 3 0.0% 60 53 - 11.7% Closed Sales 3 0 - 100.0%44 26 - 40.9%
Median Sales Price* $3,500,000 0 - 100.0%$3,050,000 $4,687,500 + 53.7%
Average Sales Price* $3,237,987 $0 - 100.0%$3,444,289 $4,649,966 + 35.0%
Percent of Original List Price Received*104.2% 0.0% - 100.0%97.0% 94.7% - 2.4%
Days on Market Until Sale 45 0 - 100.0%70 32 - 54.3%
Inventory of Homes for Sale 11 17 + 54.5%--
New Listings 0 0 6 2 - 66.7%
Closed Sales 0 0 4 4 0.0%
Median Sales Price* $0 $0 --$580,000 $1,812,500 + 212.5%
Average Sales Price* $0 $0 --$821,250 $1,678,125 + 104.3%
Percent of Original List Price Received*0.0% 0.0% 86.6% 90.9% + 5.0%
49 - 9.3%
Detached
Metrics
Percent Change
Percent Change
Single-Family
Key
20212022
20212022
Percent Change
Percent Change
20212022
20212022
Isle of Palms — Isle of Palms — Current as of December 9, 2022. All data from the Charleston Trident Multiple Listing Service. Sponsored by South Carolina REALTORS®. Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. All MLS — All MLS — Local Market Update – November 2022 A Research Tool Provided by the Charleston Trident Association of REALTORS® Isle of Palms November 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 November 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 1-20121-20141-20161-20181-20201-2022 Single-Family Detached $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 1-20121-20141-20161-20181-20201-2022 Townhouse-Condo Attached
Detached
Single-Family
Percent Change 20212022 Percent Change
Key Metrics 20212022
Percent Change
Percent Change
Key Metrics 20212022
20212022
Sullivan's Island — Sullivan's Island — Current as of December 9, 2022. All data from the Charleston Trident Multiple Listing Service. Sponsored by South Carolina REALTORS®. Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. All MLS — All MLS — Local Market Update – November 2022 A Research Tool Provided by the Charleston Trident Association of REALTORS® Sullivan's Island November 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 November 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 $1,000,000 $2,000,000 $3,000,000 $4,000,000 1-20121-20141-20161-20181-20201-2022 Single-Family Detached $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000
Townhouse-Condo Attached
Days on Market Until Sale 0 0 54
Inventory of Homes for Sale 0 0
1-20121-20141-20161-20181-20201-2022
New Listings 41 38 - 7.3%704 635 - 9.8%
Closed Sales 51 44 - 13.7%658 525 - 20.2%
Median Sales Price* $449,900 $567,500 + 26.1%$458,000 $565,000 + 23.4%
Average Sales Price* $651,893 $672,475 + 3.2%$560,057 $642,804 + 14.8%
Percent of Original List Price Received*99.8% 98.5% - 1.3%99.2% 99.9% + 0.7%
Days on Market Until Sale 22 16 - 27.3%20 15 - 25.0%
Inventory of Homes for Sale 45 63 + 40.0%--
New Listings 19 12 - 36.8%284 230 - 19.0%
Closed Sales 24 9 - 62.5%273 218 - 20.1%
Median Sales Price* $245,750 $261,000 + 6.2%$233,000 $284,500 + 22.1%
Average Sales Price* $305,908 $292,322 - 4.4%$251,560 $301,264 + 19.8%
Percent of Original List Price Received*99.8% 98.4% - 1.4%99.6% 101.4% + 1.8% Days on Market Until Sale 14 14 0.0% 19 10 - 47.4%
Single-Family Detached
Key Metrics 20212022
New Listings 123 77 - 37.4%1,517 1,396 - 8.0%
Closed Sales 126 70 - 44.4%1,294 1,230 - 4.9%
Median Sales Price* $400,000 $475,681 + 18.9%$390,000 $449,937 + 15.4%
Average Sales Price* $429,462 $544,592 + 26.8%$445,033 $508,599 + 14.3%
Percent of Original List Price Received*97.7% 96.1% - 1.6%98.9% 100.0% + 1.1%
Days on Market Until Sale 23 21 - 8.7% 18 15 - 16.7%
Inventory of Homes for Sale 108 139 + 28.7%--
Key
New Listings 28 24 - 14.3%515 403 - 21.7%
Closed Sales 31 18 - 41.9%484 381 - 21.3%
Median Sales Price* $252,000 $365,000 + 44.8%$247,250 $319,500 + 29.2%
Average Sales Price* $263,885 $348,806 + 32.2%$246,281 $310,300 + 26.0%
Percent of Original List Price Received*97.6% 97.6% 0.0%99.9% 101.6% + 1.7%
Days on Market Until
17 14 - 17.6%17 11 - 35.3%
Detached
Metrics
Percent Change
Percent Change
Single-Family
Key
20212022
20212022
Percent Change 20212022 Percent Change
Key Metrics 20212022
James Island — James Island — Current as of December 9, 2022. All data from the Charleston Trident Multiple Listing Service. Sponsored by South Carolina REALTORS®. Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. All MLS — All MLS — Local Market Update – November 2022 A Research Tool Provided by the Charleston Trident Association of REALTORS® James Island November 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 November 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 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 1-20121-20141-20161-20181-20201-2022 Single-Family Detached $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 1-20121-20141-20161-20181-20201-2022 Townhouse-Condo Attached
Inventory of Homes for Sale 13 11 - 15.4%
Percent Change
Percent Change
20212022
Percent
Metrics 20212022 Percent Change 20212022
Change
Inventory
Homes
West Ashley Area — West Ashley Area — Current as of December 9, 2022. All data from the Charleston Trident Multiple Listing Service. Sponsored by South Carolina REALTORS®. Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. All MLS — All MLS — Local Market Update – November 2022 A Research Tool Provided by the Charleston Trident Association of REALTORS® West Ashley Area November 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 November 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 $100,000 $200,000 $300,000 $400,000 $500,000 1-20121-20141-20161-20181-20201-2022 Single-Family Detached $100,000 $150,000 $200,000 $250,000 $300,000 $350,000
Townhouse-Condo Attached
Sale
of
for Sale 34 34 0.0%
1-20121-20141-20161-20181-20201-2022
132 East Bay Street, Charleston, SC 29401 309 Coleman Boulevard, Mount Pleasant, SC 29464 843.628.0008 | TheCassinaGroup.com FOLLOW THE CASSINA GROUP
