SEPTEMBER 2022
REAL ESTATE REPORT
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.
New
Closed
Median Sales Price*
Average Sales Price*
Percent of Original List Price
Days on Market
of
for
New
Median Sales Price*
Average Sales Price*
Percent of Original List Price
-
Year to Date
Market
September
Peninsula
Single-Family Detached
New Listings
+ 1.6%$995,000
$1,583,115 + 10.0%$1,392,199
+ 0.7%94.2%
-
September Year to Date
-
+ 30.2%
3.2%
- 48.9%
-
+ 29.3%$640,000
2.0%
$751,273 + 23.3%$781,982 $886,557 + 13.4%
- 0.7%94.3%
17 - 34.6%220 202 - 8.2%
Closed Sales 13 17 + 30.8%198 164 - 17.2%
Median Sales Price* $579,000 $650,000 + 12.3%$592,500 $650,000 + 9.7%
Average Sales Price* $656,654 $696,929 + 6.1%$614,947 $755,275 + 22.8%
Percent of Original List Price Received*96.3% 91.3% - 5.2%96.1% 97.8% + 1.8%
Days on Market Until Sale 40 35 - 12.5%62 32 - 48.4%
Inventory of Homes for Sale 44 29 - 34.1%
Key Metrics
New Listings 1 1 0.0% 38 29 - 23.7%
Closed Sales 5 0 - 100.0%28 27 - 3.6%
Median Sales Price* $365,000 $0 - 100.0%$442,000 $423,000 - 4.3%
Average Sales Price* $424,400 $0 - 100.0%$520,668 $469,883 - 9.8%
Percent of Original List Price Received*98.7% 0.0% - 100.0%97.8% 96.5% - 1.3%
Days on Market Until Sale
of
for
Price
- 100.0%38
Attached
Single-Family Detached Key Metrics 20212022 Percent Change 20212022 Percent Change
Listings 35 16 - 54.3%339 240 - 29.2%
Sales 28 13
53.6%313 209
33.2%
$1,255,000 $1,275,000
$1,295,000 + 30.2%
$1,439,071
$1,812,528
Received*95.0% 95.7%
97.2% +
Until Sale 91 26
71.4%90 46
Inventory
Homes
Sale 84 47 - 44.0% Key Metrics 20212022 Percent Change 20212022 Percent Change
Listings 20 9 - 55.0%323 253 - 21.7% Closed Sales 34 11
67.6%270 222 - 17.8%
$560,500 $725,000
$652,500 +
$609,147
Received*94.6% 93.9%
97.3% + 3.2% Days on Market Until Sale 88 66 - 25.0%97 58 - 40.2% Inventory of Homes for Sale 98 47 - 52.0% Downtown Charleston — Downtown Charleston — Current as of October 7, 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 – September 2022 A Research Tool Provided by the Charleston Trident Association of REALTORS® Downtown Charleston September
* 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
* 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 1-20121-20141-20161-20181-20201-2022 Townhouse-Condo Attached
Key Metrics 20212022 Percent Change 20212022 Percent Change
26
20212022 Percent Change 20212022 Percent Change
61 0
61 + 60.5% Inventory
Homes
Sale 7 6 - 14.3% Upper Charleston Peninsula — Upper Charleston Peninsula — Current as of October 7, 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
Update –
2022 A Research Tool Provided by the Charleston Trident Association of REALTORS® Upper Charleston
September 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 September 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
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 1-20121-20141-20161-20181-20201-2022 Townhouse-Condo
Median
Average
Percent
Median
Average
Market
Pleasant
Single-Family Detached
New Listings 83 98 + 18.1%1,064 951 - 10.6%
Closed Sales 71 65 - 8.5%983 716 - 27.2%
Median Sales Price* $665,000 $800,000 + 20.3%$630,000 $805,500 + 27.9%
Average Sales Price* $734,520 $881,099 + 20.0%$712,219 $914,918 + 28.5%
Percent of Original List Price Received*99.7% 95.3% - 4.4%100.8% 100.3% - 0.5%
Days on Market Until Sale 10 21 + 110.0%17 13 - 23.5%
Inventory of Homes for Sale 78 175 + 124.4%--
Key Metrics
New Listings 37 16 - 56.8%294 277 - 5.8%
Closed Sales 27 20 - 25.9%264 250 - 5.3%
Median Sales Price* $430,641 $386,000 - 10.4%$336,000 $407,500 + 21.3%
Average Sales Price* $414,184 $423,828 + 2.3%$345,701 $426,750 + 23.4%
Percent of Original List Price Received*99.7% 96.7% - 3.0%100.8% 101.4% + 0.6%
on Market Until Sale
of
Attached
440.0%13
for
-
Single-Family Detached Key Metrics 20212022 Percent Change 20212022 Percent Change New Listings 75 50 - 33.3%802 687 - 14.3% Closed Sales 67 43 - 35.8%753 558 - 25.9%
Sales Price* $670,000 $922,000 + 37.6%$720,000 $900,000 + 25.0%
Sales Price* $948,853 $1,273,203 + 34.2%$895,141 $1,173,470 + 31.1%
of Original List Price Received*97.9% 92.0% - 6.0%98.8% 99.6% + 0.8% Days on Market Until Sale 17 29 + 70.6%23 13 - 43.5% Inventory of Homes for Sale 71 77 + 8.5% Key Metrics 20212022 Percent Change 20212022 Percent Change New Listings 36 26 - 27.8%478 297 - 37.9% Closed Sales 47 19 - 59.6%436 266 - 39.0%
Sales Price* $310,000 $420,000 + 35.5%$303,550 $395,000 + 30.1%
Sales Price* $403,680 $643,403 + 59.4%$408,140 $523,124 + 28.2% Percent of Original List Price Received*100.5% 95.8% - 4.7%99.9% 100.7% + 0.8% Days on Market Until Sale 9 23 + 155.6%22 11 - 50.0% Inventory of Homes for Sale 36 25 - 30.6% Lower Mount Pleasant — Lower Mount Pleasant — Current as of October 7, 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 – September 2022 A Research Tool Provided by the Charleston Trident Association of REALTORS® Lower Mount Pleasant September 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 September 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 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 1-20121-20141-20161-20181-20201-2022 Townhouse-Condo
Key Metrics 20212022 Percent Change 20212022 Percent Change
20212022 Percent Change 20212022 Percent Change
Days
5 27 +
12
7.7% Inventory
Homes
Sale 25 31 + 24.0%-Upper Mount Pleasant — Upper Mount Pleasant — Current as of October 7, 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
Update – September 2022 A Research Tool Provided by the Charleston Trident Association of REALTORS® Upper Mount
September 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 September 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
New
Median
Average
Percent
Median Sales Price*
Average
Price*
September Year to Date
Sullivan's Island
September Year to Date
Single-Family Detached
Year to Date
New Listings 3 6 + 100.0%50 46 - 8.0%
Closed Sales 2 1 - 50.0%38 26 - 31.6%
Median Sales Price* $6,712,500 $4,875,000 - 27.4%$3,094,388 $4,687,500 + 51.5%
Average Sales Price* $6,712,500 $4,875,000 - 27.4%$3,540,389 $4,649,966 + 31.3%
Percent of Original List Price Received*93.3% 100.0% + 7.2%96.2% 94.7% - 1.6%
Days on Market Until Sale 22 0 - 100.0%77 32 - 58.4%
Inventory of Homes for Sale 14 14 0.0%
Year
Key Metrics
New Listings 0 0 5 2 - 60.0%
Closed Sales 1 0 - 100.0%4 4 0.0%
Median Sales Price* $1,550,000 $0 - 100.0%$580,000 $1,812,500 + 212.5%
Average Sales Price* $1,550,000 $0 - 100.0%$821,250 $1,678,125 + 104.3%
Percent of Original List Price Received*96.9% 0.0% - 100.0%86.6% 90.9% + 5.0%
Days on Market Until Sale
0 - 100.0%54
- 9.3% Inventory of Homes for Sale
0 - 100.0%--
Single-Family Detached Key Metrics 20212022 Percent Change 20212022 Percent Change
Listings 20 11 - 45.0%256 185 - 27.7% Closed Sales 18 5 - 72.2%216 130 - 39.8%
Sales Price* $1,387,500 $1,443,000 + 4.0%$1,650,000 $1,987,500 + 20.5%
Sales Price* $1,730,861 $1,923,600 + 11.1%$1,960,471 $2,286,708 + 16.6%
of Original List Price Received*100.5% 92.0% - 8.5%97.4% 96.8% - 0.6% Days on Market Until Sale 12 39 + 225.0%29 26 - 10.3% Inventory of Homes for Sale 37 53 + 43.2%-Key Metrics 20212022 Percent Change 20212022 Percent Change New Listings 8 3 - 62.5%96 101 + 5.2% Closed Sales 11 12 + 9.1% 95 79 - 16.8%
$820,000 $855,000 + 4.3%$725,000 $880,000 + 21.4%
Sales
$884,591 $1,042,833 + 17.9%$760,471 $989,239 + 30.1% Percent of Original List Price Received*96.9% 92.3% - 4.7%97.9% 97.8% - 0.1% Days on Market Until Sale 25 49 + 96.0%69 32 - 53.6% Inventory of Homes for Sale 23 19 - 17.4% Isle of Palms — Isle of Palms — Current as of October 7, 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 – September 2022 A Research Tool Provided by the Charleston Trident Association of REALTORS® Isle of Palms
* 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
* 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
Key Metrics 20212022 Percent Change 20212022 Percent Change
20212022 Percent Change 20212022 Percent Change
148
49
1
Sullivan's Island — Sullivan's Island — Current as of October 7, 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 – September 2022 A Research Tool Provided by the Charleston Trident Association of REALTORS®
September
* 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 September
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 1-20121-20141-20161-20181-20201-2022 Townhouse-Condo Attached
Median
Average
Percent
Median
Average
Percent
Year to Date
Single-Family Detached
New Listings 152 115 - 24.3%1,267 1,208 - 4.7%
Closed Sales 123 94 - 23.6%1,045 1,067 + 2.1%
Median Sales Price* $415,000 $455,296 + 9.7%$387,000 $449,050 + 16.0%
Average Sales Price* $444,616 $545,587 + 22.7%$441,536 $505,736 + 14.5%
Percent of Original List Price Received*97.4% 97.4% 0.0%99.2% 100.6% + 1.4%
Days on Market Until Sale 16 17 + 6.3% 18 14 - 22.2%
Inventory of Homes for Sale 151 139 - 7.9%
September Year to Date
Townhouse-Condo Attached
New Listings 37 24 - 35.1%452 349 - 22.8%
Closed Sales 53 22 - 58.5%416 339 - 18.5%
Median Sales Price* $272,500 $320,000 + 17.4%$246,050 $319,000 + 29.6%
Average Sales Price* $271,463 $326,373 + 20.2%$243,606 $309,233 + 26.9%
Percent of Original List Price Received*99.5% 99.7% + 0.2%100.1% 102.1% + 2.0%
Days on Market Until Sale
of
for
7 - 65.0%17
24 - 45.5%
- 35.3%
Single-Family Detached Key Metrics 20212022 Percent Change 20212022 Percent Change New Listings 62 45 - 27.4%613 539 - 12.1% Closed Sales 54 29 - 46.3%547 444 - 18.8%
Sales Price* $453,000 $537,000 + 18.5%$450,000 $562,250 + 24.9%
Sales Price* $513,458 $637,124 + 24.1%$545,071 $637,534 + 17.0%
of Original List Price Received*100.0% 98.3% - 1.7%99.2% 100.5% + 1.3% Days on Market Until Sale 11 11 0.0% 19 14 - 26.3% Inventory of Homes for Sale 49 70 + 42.9%-Key Metrics 20212022 Percent Change 20212022 Percent Change New Listings 21 13 - 38.1%240 205 - 14.6% Closed Sales 31 19 - 38.7%229 199 - 13.1%
Sales Price* $276,500 $320,000 + 15.7%$228,000 $286,500 + 25.7%
Sales Price* $257,674 $328,679 + 27.6%$243,284 $301,635 + 24.0%
of Original List Price Received*101.0% 97.8% - 3.2%99.7% 101.7% + 2.0% Days on Market Until Sale 6 13 + 116.7%20 9 - 55.0% Inventory of Homes for Sale 22 7 - 68.2% James Island — James Island — Current as of October 7, 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 – September 2022 A Research Tool Provided by the Charleston Trident Association of REALTORS® James Island September
* 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
* 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
Key Metrics 20212022 Percent Change 20212022 Percent Change
Key Metrics
20212022 Percent
Change
20212022
Percent Change
20
11
Inventory
Homes
Sale 44
West Ashley Area — West Ashley Area — Current as of October 7, 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 – September 2022 A Research Tool Provided by the Charleston Trident Association of REALTORS® West Ashley Area September 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 September 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 1-20121-20141-20161-20181-20201-2022 Townhouse-Condo Attached
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