OCTOBER 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 – October 2023 A Research Tool Provided by the Charleston Trident Association of REALTORS®
Downtown Charleston Area 51 October
Single-Family Detached
Year to Date
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
New Listings
26
32
+ 23.1%
266
227
- 14.7%
Closed Sales
12
16
+ 33.3%
222
149
- 32.9%
Median Sales Price*
$1,452,500
$1,035,000
- 28.7%
$1,290,000
$1,530,000
+ 18.6%
Average Sales Price*
$1,709,438
$2,092,619
+ 22.4%
$1,800,750
$2,059,603
+ 14.4%
96.7%
95.4%
- 1.3%
97.2%
93.7%
- 3.6%
Days on Market Until Sale
30
26
- 13.3%
45
49
+ 8.9%
Inventory of Homes for Sale
54
49
- 9.3%
--
--
--
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.
Townhouse-Condo Attached
October
Year to Date
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
New Listings
24
30
+ 25.0%
277
237
- 14.4%
Closed Sales
7
14
+ 100.0%
229
150
- 34.5%
Median Sales Price*
$1,400,000
$1,132,500
- 19.1%
$660,000
$737,000
+ 11.7%
Average Sales Price*
$1,352,571
$1,205,643
- 10.9%
$901,261
$858,699
- 4.7%
94.9%
97.1%
+ 2.3%
97.3%
95.7%
- 1.6%
Days on Market Until Sale
43
25
- 41.9%
57
37
- 35.1%
Inventory of Homes for Sale
54
76
+ 40.7%
--
--
--
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.
Historical Median Sales Price Rolling 12-Month Calculation Single-Family Detached $1,750,000
Townhouse-Condo Attached All MLS — Downtown Charleston —
$800,000
$1,500,000
$700,000
$1,250,000
$600,000
$1,000,000
$500,000
$750,000
$400,000
$500,000
$300,000
$250,000
$200,000
$0 1-2013
1-2015
1-2017
1-2019
1-2021
1-2023
All MLS — Downtown Charleston —
$100,000 1-2013
1-2015
1-2017
1-2019
1-2021
1-2023
Current as of November 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.
Local Market Update – October 2023 A Research Tool Provided by the Charleston Trident Association of REALTORS®
Upper Charleston Peninsula Area 52 October
Single-Family Detached
Year to Date
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
New Listings
16
15
- 6.3%
217
151
- 30.4%
Closed Sales
13
9
- 30.8%
178
115
- 35.4%
Median Sales Price*
$815,000
$850,000
+ 4.3%
$652,500
$787,000
+ 20.6%
Average Sales Price*
$742,785
$983,339
+ 32.4%
$753,732
$868,002
+ 15.2%
Percent of Original List Price Received*
94.5%
94.2%
- 0.3%
97.5%
96.5%
- 1.0%
Days on Market Until Sale
37
19
- 48.6%
32
27
- 15.6%
Inventory of Homes for Sale
37
27
- 27.0%
--
--
--
* 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.
Townhouse-Condo Attached
October
Year to Date
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
New Listings
3
1
- 66.7%
33
25
- 24.2%
Closed Sales
0
1
--
27
21
- 22.2%
Median Sales Price*
$0
$910,000
--
$423,000
$530,000
+ 25.3%
Average Sales Price*
$0
$910,000
--
$469,883
$582,810
+ 24.0%
Percent of Original List Price Received*
0.0%
98.4%
--
96.5%
103.3%
+ 7.0%
Days on Market Until Sale
0
12
--
61
24
- 60.7%
Inventory of Homes for Sale
5
2
- 60.0%
--
--
--
* 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.
Historical Median Sales Price Rolling 12-Month Calculation Single-Family Detached $900,000
Townhouse-Condo Attached All MLS — Upper Charleston Peninsula —
All MLS — Upper Charleston Peninsula —
$600,000
$800,000 $500,000 $700,000 $400,000
$600,000 $500,000
$300,000
$400,000 $200,000
$300,000 $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 November 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.
Local Market Update – October 2023 A Research Tool Provided by the Charleston Trident Association of REALTORS®
Lower Mount Pleasant Area 42 October
Single-Family Detached
Year to Date
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
New Listings
58
60
+ 3.4%
746
575
- 22.9%
Closed Sales
42
39
- 7.1%
605
420
- 30.6%
Median Sales Price*
$837,250
$1,152,500
+ 37.7%
$895,000
$950,000
+ 6.1%
Average Sales Price*
$1,199,488
$1,457,660
+ 21.5%
$1,175,392
$1,329,036
+ 13.1%
94.2%
95.0%
+ 0.8%
99.2%
96.1%
- 3.1%
Days on Market Until Sale
20
48
+ 140.0%
13
26
+ 100.0%
Inventory of Homes for Sale
79
77
- 2.5%
--
--
--
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.
Townhouse-Condo Attached
October
Year to Date
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
New Listings
33
26
- 21.2%
330
264
- 20.0%
Closed Sales
25
13
- 48.0%
291
211
- 27.5%
Median Sales Price*
$428,000
$468,000
+ 9.3%
$395,000
$418,000
+ 5.8%
Average Sales Price*
$501,112
$603,154
+ 20.4%
$521,233
$540,307
+ 3.7%
Percent of Original List Price Received*
95.7%
98.3%
+ 2.7%
100.3%
98.2%
- 2.1%
Days on Market Until Sale
25
12
- 52.0%
12
19
+ 58.3%
Inventory of Homes for Sale
40
28
- 30.0%
--
--
--
* 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.
Historical Median Sales Price Rolling 12-Month Calculation Single-Family Detached $1,000,000
Townhouse-Condo Attached All MLS — Lower Mount Pleasant —
$500,000
$800,000
$400,000
$600,000
$300,000
$400,000
$200,000
$200,000 1-2013
1-2015
1-2017
1-2019
1-2021
1-2023
All MLS — Lower Mount Pleasant —
$100,000 1-2013
1-2015
1-2017
1-2019
1-2021
1-2023
Current as of November 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.
Local Market Update – October 2023 A Research Tool Provided by the Charleston Trident Association of REALTORS®
Upper Mount Pleasant Area 41 October
Single-Family Detached
Year to Date
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
New Listings
78
67
- 14.1%
1,032
824
- 20.2%
Closed Sales
80
60
- 25.0%
807
662
- 18.0%
Median Sales Price*
$816,165
$981,098
+ 20.2%
$810,000
$905,000
+ 11.7%
Average Sales Price*
$915,386
$1,030,346
+ 12.6%
$915,442
$999,238
+ 9.2%
Percent of Original List Price Received*
99.0%
96.7%
- 2.3%
100.1%
97.6%
- 2.5%
Days on Market Until Sale
18
26
+ 44.4%
13
30
+ 130.8%
Inventory of Homes for Sale
174
114
- 34.5%
--
--
--
* 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
October
Year to Date
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
New Listings
20
22
+ 10.0%
296
237
- 19.9%
Closed Sales
14
22
+ 57.1%
265
222
- 16.2%
Median Sales Price*
$466,000
$548,000
+ 17.6%
$420,000
$537,050
+ 27.9%
Average Sales Price*
$464,464
$507,577
+ 9.3%
$429,132
$516,737
+ 20.4%
Percent of Original List Price Received*
96.6%
100.5%
+ 4.0%
101.1%
98.7%
- 2.4%
Days on Market Until Sale
27
13
- 51.9%
13
22
+ 69.2%
Inventory of Homes for Sale
37
18
- 51.4%
--
--
--
* 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 Single-Family Detached $1,000,000
Townhouse-Condo Attached All MLS — Upper Mount Pleasant —
All MLS — Upper Mount Pleasant —
$600,000
$500,000
$800,000
$400,000 $600,000 $300,000 $400,000 $200,000
$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 November 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.
Local Market Update – October 2023 A Research Tool Provided by the Charleston Trident Association of REALTORS®
Isle of Palms Areas 44 & 45 October
Single-Family Detached
Year to Date
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
New Listings
14
17
+ 21.4%
200
174
- 13.0%
Closed Sales
12
12
0.0%
142
111
- 21.8%
Median Sales Price*
$1,862,500
$2,500,000
+ 34.2%
$1,987,500
$2,150,000
+ 8.2%
Average Sales Price*
$2,873,750
$2,609,833
- 9.2%
$2,336,317
$2,694,001
+ 15.3%
99.0%
95.9%
- 3.1%
97.0%
93.1%
- 4.0%
Days on Market Until Sale
21
43
+ 104.8%
26
65
+ 150.0%
Inventory of Homes for Sale
51
58
+ 13.7%
--
--
--
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.
Townhouse-Condo Attached
October
Year to Date
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
New Listings
6
7
+ 16.7%
107
103
- 3.7%
Closed Sales
8
8
0.0%
87
78
- 10.3%
Median Sales Price*
$687,000
$1,069,500
+ 55.7%
$849,000
$915,000
+ 7.8%
Average Sales Price*
$904,875
$1,304,250
+ 44.1%
$981,482
$1,117,968
+ 13.9%
Percent of Original List Price Received*
95.3%
96.3%
+ 1.0%
97.6%
96.8%
- 0.8%
Days on Market Until Sale
67
29
- 56.7%
35
35
0.0%
Inventory of Homes for Sale
14
21
+ 50.0%
--
--
--
* 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.
Historical Median Sales Price Rolling 12-Month Calculation Townhouse-Condo Attached
Single-Family Detached
All MLS — Isle of Palms —
$2,500,000
$1,000,000
$2,000,000
$800,000
$1,500,000
$600,000
$1,000,000
$400,000
$500,000
$200,000
$0 1-2013
1-2015
1-2017
1-2019
1-2021
1-2023
All MLS — Isle of Palms —
$0 1-2013
1-2015
1-2017
1-2019
1-2021
1-2023
Current as of November 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.
Local Market Update – October 2023 A Research Tool Provided by the Charleston Trident Association of REALTORS®
Sullivan's Island Area 43 October
Single-Family Detached
Year to Date
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
New Listings
4
5
+ 25.0%
50
50
0.0%
Closed Sales
0
1
--
26
33
+ 26.9%
Median Sales Price*
$0
$3,475,000
--
$4,687,500
$4,050,000
- 13.6%
Average Sales Price*
$0
$3,475,000
--
$4,649,966
$4,492,788
- 3.4%
Percent of Original List Price Received*
0.0%
96.8%
--
94.7%
93.2%
- 1.6%
Days on Market Until Sale
0
9
--
32
77
+ 140.6%
Inventory of Homes for Sale
17
17
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.
Townhouse-Condo Attached
October
Year to Date
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
New Listings
0
0
--
2
0
- 100.0%
Closed Sales
0
0
--
4
1
- 75.0%
Median Sales Price*
$0
$0
--
$1,812,500
$1,375,000
- 24.1%
Average Sales Price*
$0
$0
--
$1,678,125
$1,375,000
- 18.1%
Percent of Original List Price Received*
0.0%
0.0%
--
90.9%
98.2%
+ 8.0%
Days on Market Until Sale
0
0
--
49
38
- 22.4%
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.
Historical Median Sales Price Rolling 12-Month Calculation Townhouse-Condo Attached
Single-Family Detached
All MLS — Sullivan's Island —
$6,000,000
All MLS — Sullivan's Island —
$4,000,000
$5,000,000 $3,000,000 $4,000,000
$3,000,000
$2,000,000
$2,000,000 $1,000,000 $1,000,000
$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 November 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.
Local Market Update – October 2023 A Research Tool Provided by the Charleston Trident Association of REALTORS®
James Island Area 21 October
Single-Family Detached
Year to Date
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
New Listings
58
40
- 31.0%
597
459
- 23.1%
Closed Sales
37
23
- 37.8%
482
375
- 22.2%
Median Sales Price*
$585,000
$615,000
+ 5.1%
$565,000
$612,000
+ 8.3%
Average Sales Price*
$670,629
$774,883
+ 15.5%
$639,988
$736,440
+ 15.1%
Percent of Original List Price Received*
94.5%
97.4%
+ 3.1%
100.0%
97.1%
- 2.9%
Days on Market Until Sale
23
11
- 52.2%
14
23
+ 64.3%
Inventory of Homes for Sale
76
62
- 18.4%
--
--
--
* 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
October
Year to Date
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
New Listings
13
15
+ 15.4%
218
154
- 29.4%
Closed Sales
8
9
+ 12.5%
210
137
- 34.8%
Median Sales Price*
$293,500
$320,000
+ 9.0%
$287,250
$308,000
+ 7.2%
Average Sales Price*
$282,413
$321,367
+ 13.8%
$302,665
$331,645
+ 9.6%
Percent of Original List Price Received*
97.8%
96.7%
- 1.1%
101.5%
99.8%
- 1.7%
Days on Market Until Sale
12
17
+ 41.7%
9
11
+ 22.2%
Inventory of Homes for Sale
12
12
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.
Historical Median Sales Price Rolling 12-Month Calculation Townhouse-Condo Attached
Single-Family Detached
All MLS — James Island —
$700,000
All MLS — James Island —
$400,000
$350,000
$600,000
$300,000 $500,000 $250,000 $400,000 $200,000 $300,000
$200,000 1-2013
$150,000
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 November 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.
Local Market Update – October 2023 A Research Tool Provided by the Charleston Trident Association of REALTORS®
West Ashley Area Areas 11 & 12 October
Single-Family Detached
Year to Date
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
New Listings
108
104
- 3.7%
1,320
1,049
- 20.5%
Closed Sales
91
72
- 20.9%
1,161
885
- 23.8%
Median Sales Price*
$455,000
$532,768
+ 17.1%
$449,493
$490,000
+ 9.0%
Average Sales Price*
$513,585
$596,249
+ 16.1%
$506,211
$549,490
+ 8.5%
Percent of Original List Price Received*
96.7%
97.4%
+ 0.7%
100.3%
98.0%
- 2.3%
Days on Market Until Sale
19
20
+ 5.3%
14
22
+ 57.1%
Inventory of Homes for Sale
162
104
- 35.8%
--
--
--
* 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
October
Year to Date
Key Metrics
2022
2023
Percent Change
2022
2023
Percent Change
New Listings
30
34
+ 13.3%
379
323
- 14.8%
Closed Sales
23
16
- 30.4%
363
245
- 32.5%
Median Sales Price*
$300,000
$335,000
+ 11.7%
$317,500
$317,000
- 0.2%
Average Sales Price*
$302,432
$303,625
+ 0.4%
$308,391
$328,742
+ 6.6%
Percent of Original List Price Received*
97.8%
98.5%
+ 0.7%
101.8%
98.5%
- 3.2%
Days on Market Until Sale
11
14
+ 27.3%
11
17
+ 54.5%
Inventory of Homes for Sale
32
46
+ 43.8%
--
--
--
* 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
Single-Family Detached
All MLS — West Ashley Area —
$600,000
All MLS — West Ashley Area —
$400,000
$350,000 $500,000 $300,000
$400,000
$250,000
$200,000 $300,000 $150,000 $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 November 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.
132 East Bay Street, Charleston, SC 29401 309 Coleman Boulevard, Mount Pleasant, SC 29464
843.628.0008 | CassinaGroup.com
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