NOVEMBER 2023
R E AL E S TATE R E P O RT PRESENTED BY THE CASSINA GROUP
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 – November 2023
Local Market Update – November 2023
A Research Tool Provided by the Charleston Trident Association of REALTORS®
A Research Tool Provided by the Charleston Trident Association of REALTORS®
Downtown Charleston
Upper Charleston Peninsula
Area 51
Area 52 November
Single-Family Detached
Year to Date
November
Single-Family Detached
Year to Date
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
New Listings
22
19
- 13.6%
288
246
- 14.6%
New Listings
14
13
- 7.1%
231
164
- 29.0%
Closed Sales
12
18
+ 50.0%
234
167
- 28.6%
Closed Sales
10
10
0.0%
188
125
- 33.5%
Median Sales Price*
$1,790,850
$1,610,000
- 10.1%
$1,307,500
$1,530,000
+ 17.0%
Median Sales Price*
$602,500
$650,000
+ 7.9%
$650,000
$785,000
+ 20.8%
Average Sales Price*
$2,069,100
$2,021,111
- 2.3%
$1,814,512
$2,055,454
+ 13.3%
Average Sales Price*
$787,077
$866,550
+ 10.1%
$755,506
$867,886
+ 14.9%
96.9%
95.6%
- 1.3%
97.2%
93.9%
- 3.4%
Percent of Original List Price Received*
97.8%
93.4%
- 4.5%
97.6%
96.2%
- 1.4%
Days on Market Until Sale
23
29
+ 26.1%
44
47
+ 6.8%
Days on Market Until Sale
35
17
- 51.4%
32
26
- 18.8%
Inventory of Homes for Sale
53
52
- 1.9%
--
--
--
Inventory of Homes for Sale
37
32
- 13.5%
--
--
--
Percent of Original List Price Received*
* 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.
* 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.
Townhouse-Condo Attached
Townhouse-Condo Attached
November
Year to Date
November
Year to Date
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
New Listings
17
22
+ 29.4%
294
259
- 11.9%
New Listings
3
3
0.0%
36
28
- 22.2%
Closed Sales
14
10
- 28.6%
243
160
- 34.2%
Closed Sales
2
0
- 100.0%
29
21
- 27.6%
Median Sales Price*
$550,000
$585,000
+ 6.4%
$655,000
$722,500
+ 10.3%
Median Sales Price*
$557,500
$0
- 100.0%
$425,000
$530,000
+ 24.7%
Average Sales Price*
$832,972
$745,190
- 10.5%
$897,326
$851,605
- 5.1%
Average Sales Price*
$557,500
$0
- 100.0%
$475,925
$582,810
+ 22.5%
Percent of Original List Price Received*
96.2%
95.5%
- 0.7%
97.2%
95.7%
- 1.5%
Percent of Original List Price Received*
94.0%
0.0%
- 100.0%
96.3%
103.3%
+ 7.3%
Days on Market Until Sale
31
80
+ 158.1%
56
39
- 30.4%
Days on Market Until Sale
19
0
- 100.0%
58
24
- 58.6%
Inventory of Homes for Sale
52
75
+ 44.2%
--
--
--
Inventory of Homes for Sale
7
5
- 28.6%
--
--
--
* 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.
* 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
Historical Median Sales Price Rolling 12-Month Calculation
Single-Family Detached $1,750,000
Townhouse-Condo Attached All MLS — Downtown Charleston —
Single-Family Detached All MLS — Downtown Charleston —
$800,000
$900,000
$1,500,000
$700,000
$800,000
$1,250,000
$600,000
$700,000
$1,000,000
$500,000
$600,000
$750,000
$400,000
$500,000
$500,000
$300,000
$400,000
$250,000
$200,000
$300,000
Townhouse-Condo Attached All MLS — Upper Charleston Peninsula —
All MLS — Upper Charleston Peninsula —
$600,000
$500,000
$0 1-2013
1-2015
1-2017
1-2019
1-2021
1-2023
$100,000 1-2013
1-2015
1-2017
1-2019
1-2021
1-2023
Current as of December 8, 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.
$200,000 1-2013
$400,000
$300,000
$200,000
1-2015
1-2017
1-2019
1-2021
1-2023
$100,000 1-2013
1-2015
1-2017
1-2019
1-2021
1-2023
Current as of December 8, 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.
Local Market Update – November 2023
Local Market Update – November 2023
A Research Tool Provided by the Charleston Trident Association of REALTORS®
A Research Tool Provided by the Charleston Trident Association of REALTORS®
Lower Mount Pleasant
Upper Mount Pleasant
Area 42
Area 41 November
Single-Family Detached
Year to Date
November
Single-Family Detached
Year to Date
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
New Listings
57
48
- 15.8%
803
624
- 22.3%
New Listings
63
64
+ 1.6%
1,095
888
- 18.9%
Closed Sales
41
41
0.0%
646
462
- 28.5%
Closed Sales
48
49
+ 2.1%
855
712
- 16.7%
Median Sales Price*
$1,150,000
$1,160,000
+ 0.9%
$899,500
$950,000
+ 5.6%
Median Sales Price*
$779,296
$900,410
+ 15.5%
$803,000
$905,000
+ 12.7%
Average Sales Price*
$1,333,088
$1,301,692
- 2.4%
$1,185,400
$1,326,758
+ 11.9%
Average Sales Price*
$838,120
$1,040,058
+ 24.1%
$911,101
$1,003,306
+ 10.1%
93.8%
94.5%
+ 0.7%
98.9%
95.9%
- 3.0%
Percent of Original List Price Received*
93.0%
97.5%
+ 4.8%
99.7%
97.6%
- 2.1%
Days on Market Until Sale
36
18
- 50.0%
15
25
+ 66.7%
Days on Market Until Sale
49
30
- 38.8%
15
30
+ 100.0%
Inventory of Homes for Sale
85
75
- 11.8%
--
--
--
Inventory of Homes for Sale
158
110
- 30.4%
--
--
--
Percent of Original List Price Received*
* 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.
* 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.
Townhouse-Condo Attached
Townhouse-Condo Attached
November
Year to Date
November
Year to Date
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
New Listings
16
21
+ 31.3%
346
285
- 17.6%
New Listings
18
15
- 16.7%
314
252
- 19.7%
Closed Sales
16
26
+ 62.5%
307
237
- 22.8%
Closed Sales
12
17
+ 41.7%
277
239
- 13.7%
Median Sales Price*
$413,500
$465,000
+ 12.5%
$395,000
$420,000
+ 6.3%
Median Sales Price*
$374,000
$592,500
+ 58.4%
$417,885
$545,000
+ 30.4%
Average Sales Price*
$497,781
$631,822
+ 26.9%
$520,011
$550,346
+ 5.8%
Average Sales Price*
$444,687
$604,718
+ 36.0%
$429,806
$522,995
+ 21.7%
Percent of Original List Price Received*
96.3%
95.8%
- 0.5%
100.1%
97.9%
- 2.2%
Percent of Original List Price Received*
98.1%
97.7%
- 0.4%
101.0%
98.6%
- 2.4%
Days on Market Until Sale
23
27
+ 17.4%
13
20
+ 53.8%
Days on Market Until Sale
25
30
+ 20.0%
14
23
+ 64.3%
Inventory of Homes for Sale
30
27
- 10.0%
--
--
--
Inventory of Homes for Sale
31
17
- 45.2%
--
--
--
* 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.
* 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
Historical Median Sales Price Rolling 12-Month Calculation
Single-Family Detached $1,000,000
Townhouse-Condo Attached All MLS — Lower Mount Pleasant —
Single-Family Detached All MLS — Lower Mount Pleasant —
$500,000
$1,000,000
$800,000
$400,000
$800,000
$600,000
$300,000
$600,000
Townhouse-Condo Attached All MLS — Upper Mount Pleasant —
All MLS — Upper Mount Pleasant —
$600,000
$500,000
$400,000
$300,000 $400,000
$200,000 1-2013
$400,000
$200,000
1-2015
1-2017
1-2019
1-2021
1-2023
$100,000 1-2013
$200,000
1-2015
1-2017
1-2019
1-2021
1-2023
Current as of December 8, 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.
$200,000 1-2013
1-2015
1-2017
1-2019
1-2021
1-2023
$100,000 1-2013
1-2015
1-2017
1-2019
1-2021
1-2023
Current as of December 8, 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.
Local Market Update – November 2023
Local Market Update – November 2023
A Research Tool Provided by the Charleston Trident Association of REALTORS®
A Research Tool Provided by the Charleston Trident Association of REALTORS®
Isle of Palms
Sullivan's Island
Areas 44 & 45
Area 43 November
Single-Family Detached
Year to Date
November
Single-Family Detached
Year to Date
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
New Listings
15
13
- 13.3%
215
187
- 13.0%
New Listings
3
2
- 33.3%
53
52
- 1.9%
Closed Sales
10
7
- 30.0%
152
118
- 22.4%
Closed Sales
0
5
--
26
38
+ 46.2%
Median Sales Price*
$2,492,500
$2,825,000
+ 13.3%
$2,000,000
$2,175,000
+ 8.7%
Median Sales Price*
$0
$2,900,000
--
$4,687,500
$3,850,000
- 17.9%
Average Sales Price*
$2,668,500
$2,556,714
- 4.2%
$2,358,171
$2,685,857
+ 13.9%
Average Sales Price*
$0
$2,980,000
--
$4,649,966
$4,293,737
- 7.7%
90.7%
85.3%
- 6.0%
96.6%
92.6%
- 4.1%
Percent of Original List Price Received*
0.0%
90.6%
--
94.7%
92.9%
- 1.9%
Days on Market Until Sale
88
125
+ 42.0%
30
68
+ 126.7%
Days on Market Until Sale
0
36
--
32
72
+ 125.0%
Inventory of Homes for Sale
48
56
+ 16.7%
--
--
--
Inventory of Homes for Sale
18
16
- 11.1%
--
--
--
Percent of Original List Price Received*
* 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.
* 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.
Townhouse-Condo Attached
Townhouse-Condo Attached
November
Year to Date
November
Year to Date
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
New Listings
3
8
+ 166.7%
110
111
+ 0.9%
New Listings
0
0
--
2
0
- 100.0%
Closed Sales
5
2
- 60.0%
92
80
- 13.0%
Closed Sales
0
0
--
4
1
- 75.0%
Median Sales Price*
$875,000
$1,424,500
+ 62.8%
$850,000
$917,500
+ 7.9%
Median Sales Price*
$0
$0
--
$1,812,500
$1,375,000
- 24.1%
Average Sales Price*
$970,800
$1,424,500
+ 46.7%
$980,901
$1,125,631
+ 14.8%
Average Sales Price*
$0
$0
--
$1,678,125
$1,375,000
- 18.1%
Percent of Original List Price Received*
91.8%
97.1%
+ 5.8%
97.3%
96.8%
- 0.5%
Percent of Original List Price Received*
0.0%
0.0%
--
90.9%
98.2%
+ 8.0%
Days on Market Until Sale
71
8
- 88.7%
37
34
- 8.1%
Days on Market Until Sale
0
0
--
49
38
- 22.4%
Inventory of Homes for Sale
14
25
+ 78.6%
--
--
--
Inventory of Homes for Sale
0
0
--
--
--
--
* 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.
* 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
Historical Median Sales Price Rolling 12-Month Calculation Townhouse-Condo Attached
Single-Family Detached
All MLS — Isle of Palms —
$2,500,000
$2,000,000
Townhouse-Condo Attached
Single-Family Detached All MLS — Isle of Palms —
$1,000,000
All MLS — Sullivan's Island —
$6,000,000
All MLS — Sullivan's Island —
$4,000,000
$5,000,000
$800,000
$3,000,000 $4,000,000 $1,500,000
$600,000 $3,000,000
$1,000,000
$2,000,000
$400,000 $2,000,000
$500,000
$0 1-2013
$1,000,000
$200,000
1-2015
1-2017
1-2019
1-2021
1-2023
$0 1-2013
$1,000,000
1-2015
1-2017
1-2019
1-2021
1-2023
Current as of December 8, 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.
$0 1-2013
1-2015
1-2017
1-2019
1-2021
1-2023
$0 1-2013
1-2015
1-2017
1-2019
1-2021
1-2023
Current as of December 8, 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.
Local Market Update – November 2023
Local Market Update – November 2023
A Research Tool Provided by the Charleston Trident Association of REALTORS®
A Research Tool Provided by the Charleston Trident Association of REALTORS®
James Island
West Ashley Area
Area 21
Areas 11 & 12 November
Single-Family Detached
Year to Date
November
Single-Family Detached
Year to Date
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
New Listings
38
37
- 2.6%
635
496
- 21.9%
New Listings
77
72
- 6.5%
1,397
1,121
- 19.8%
Closed Sales
44
18
- 59.1%
526
393
- 25.3%
Closed Sales
70
67
- 4.3%
1,231
957
- 22.3%
Median Sales Price*
$567,500
$600,000
+ 5.7%
$565,000
$610,369
+ 8.0%
Median Sales Price*
$475,681
$535,000
+ 12.5%
$449,900
$492,000
+ 9.4%
Average Sales Price*
$672,475
$754,944
+ 12.3%
$642,706
$737,288
+ 14.7%
Average Sales Price*
$544,592
$580,284
+ 6.6%
$508,393
$551,565
+ 8.5%
Percent of Original List Price Received*
98.5%
97.0%
- 1.5%
99.9%
97.1%
- 2.8%
Percent of Original List Price Received*
96.1%
97.0%
+ 0.9%
100.0%
97.9%
- 2.1%
Days on Market Until Sale
16
21
+ 31.3%
15
23
+ 53.3%
Days on Market Until Sale
21
28
+ 33.3%
14
22
+ 57.1%
Inventory of Homes for Sale
66
67
+ 1.5%
--
--
--
Inventory of Homes for Sale
147
121
- 17.7%
--
--
--
* 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.
* 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.
Townhouse-Condo Attached
Townhouse-Condo Attached
November
Year to Date
November
Year to Date
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
New Listings
12
13
+ 8.3%
230
167
- 27.4%
New Listings
24
21
- 12.5%
403
345
- 14.4%
Closed Sales
9
7
- 22.2%
219
144
- 34.2%
Closed Sales
18
19
+ 5.6%
381
264
- 30.7%
Median Sales Price*
$261,000
$325,000
+ 24.5%
$286,500
$315,000
+ 9.9%
Median Sales Price*
$365,000
$327,000
- 10.4%
$319,500
$322,000
+ 0.8%
Average Sales Price*
$292,322
$345,357
+ 18.1%
$302,240
$332,311
+ 9.9%
Average Sales Price*
$348,806
$331,275
- 5.0%
$310,300
$328,925
+ 6.0%
Percent of Original List Price Received*
98.4%
98.2%
- 0.2%
101.4%
99.7%
- 1.7%
Percent of Original List Price Received*
97.6%
99.5%
+ 1.9%
101.6%
98.5%
- 3.1%
Days on Market Until Sale
14
33
+ 135.7%
10
12
+ 20.0%
Days on Market Until Sale
14
17
+ 21.4%
11
17
+ 54.5%
Inventory of Homes for Sale
11
17
+ 54.5%
--
--
--
Inventory of Homes for Sale
33
38
+ 15.2%
--
--
--
* 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.
* 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
Historical Median Sales Price Rolling 12-Month Calculation Townhouse-Condo Attached
Single-Family Detached
All MLS — James Island —
$700,000
Townhouse-Condo Attached
Single-Family Detached All MLS — James Island —
$400,000
All MLS — West Ashley Area —
$600,000
$350,000
$600,000
All MLS — West Ashley Area —
$400,000
$350,000 $500,000
$300,000
$300,000
$500,000 $400,000
$250,000
$250,000
$400,000 $200,000 $300,000
$200,000 1-2013
$200,000 $300,000
$150,000
1-2015
1-2017
1-2019
1-2021
1-2023
$100,000 1-2013
$150,000
1-2015
1-2017
1-2019
1-2021
1-2023
Current as of December 8, 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.
$200,000 1-2013
1-2015
1-2017
1-2019
1-2021
1-2023
$100,000 1-2013
1-2015
1-2017
1-2019
1-2021
1-2023
Current as of December 8, 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.
132 East Bay Street, Charleston, SC 29401 309 Coleman Boulevard, Mount Pleasant, SC 29464
843.628.0008 | CassinaGroup.com
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