SEPTEMBER 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 – September 2023
Local Market Update – September 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 September
Single-Family Detached
Year to Date
September
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
16
33
+ 106.3%
240
195
- 18.8%
New Listings
17
14
- 17.6%
201
135
- 32.8%
Closed Sales
13
13
0.0%
210
133
- 36.7%
Closed Sales
18
15
- 16.7%
165
106
- 35.8%
Median Sales Price*
$1,275,000
$1,530,000
+ 20.0%
$1,290,000
$1,600,000
+ 24.0%
Median Sales Price*
$646,500
$785,000
+ 21.4%
$650,000
$786,000
+ 20.9%
Average Sales Price*
$1,583,115
$1,563,038
- 1.3%
$1,805,968
$2,055,632
+ 13.8%
Average Sales Price*
$693,933
$848,333
+ 22.3%
$754,595
$858,209
+ 13.7%
95.7%
93.3%
- 2.5%
97.2%
93.5%
- 3.8%
Percent of Original List Price Received*
91.7%
94.0%
+ 2.5%
97.8%
96.7%
- 1.1%
Days on Market Until Sale
26
47
+ 80.8%
46
52
+ 13.0%
Days on Market Until Sale
33
21
- 36.4%
32
27
- 15.6%
Inventory of Homes for Sale
51
52
+ 2.0%
--
--
--
Inventory of Homes for Sale
30
22
- 26.7%
--
--
--
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.
* 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
September
Year to Date
September
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
9
29
+ 222.2%
253
207
- 18.2%
New Listings
1
2
+ 100.0%
30
24
- 20.0%
Closed Sales
12
17
+ 41.7%
222
136
- 38.7%
Closed Sales
0
2
--
27
20
- 25.9%
Median Sales Price*
$740,000
$860,000
+ 16.2%
$657,500
$707,500
+ 7.6%
Median Sales Price*
$0
$470,500
--
$423,000
$517,500
+ 22.3%
Average Sales Price*
$751,583
$877,353
+ 16.7%
$887,030
$822,984
- 7.2%
Average Sales Price*
$0
$470,500
--
$469,883
$566,450
+ 20.6%
Percent of Original List Price Received*
94.3%
95.4%
+ 1.2%
97.4%
95.6%
- 1.8%
Percent of Original List Price Received*
0.0%
97.3%
--
96.5%
103.5%
+ 7.3%
Days on Market Until Sale
62
34
- 45.2%
58
38
- 34.5%
Days on Market Until Sale
0
11
--
61
25
- 59.0%
Inventory of Homes for Sale
54
73
+ 35.2%
--
--
--
Inventory of Homes for Sale
8
3
- 62.5%
--
--
--
* 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.
* 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 October 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.
$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 October 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 – September 2023
Local Market Update – September 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 September
Single-Family Detached
Year to Date
September
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
50
50
0.0%
688
515
- 25.1%
New Listings
99
62
- 37.4%
954
757
- 20.6%
Closed Sales
44
40
- 9.1%
563
381
- 32.3%
Closed Sales
70
34
- 51.4%
727
600
- 17.5%
Median Sales Price*
$903,500
$1,162,500
+ 28.7%
$900,000
$940,000
+ 4.4%
Median Sales Price*
$812,000
$1,115,400
+ 37.4%
$806,000
$900,153
+ 11.7%
Average Sales Price*
$1,256,994
$1,376,795
+ 9.5%
$1,173,594
$1,316,207
+ 12.2%
Average Sales Price*
$894,278
$1,057,655
+ 18.3%
$915,448
$996,185
+ 8.8%
92.1%
96.2%
+ 4.5%
99.6%
96.2%
- 3.4%
Percent of Original List Price Received*
95.6%
98.3%
+ 2.8%
100.2%
97.7%
- 2.5%
Days on Market Until Sale
28
17
- 39.3%
13
24
+ 84.6%
Days on Market Until Sale
19
19
0.0%
13
31
+ 138.5%
Inventory of Homes for Sale
79
73
- 7.6%
--
--
--
Inventory of Homes for Sale
189
107
- 43.4%
--
--
--
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
September
Year to Date
September
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
26
34
+ 30.8%
297
238
- 19.9%
New Listings
16
16
0.0%
276
215
- 22.1%
Closed Sales
19
26
+ 36.8%
266
198
- 25.6%
Closed Sales
21
22
+ 4.8%
251
200
- 20.3%
Median Sales Price*
$420,000
$454,000
+ 8.1%
$395,000
$415,000
+ 5.1%
Median Sales Price*
$392,000
$596,000
+ 52.0%
$415,000
$535,550
+ 29.0%
Average Sales Price*
$643,403
$632,001
- 1.8%
$523,124
$536,180
+ 2.5%
Average Sales Price*
$428,884
$579,412
+ 35.1%
$427,161
$517,745
+ 21.2%
Percent of Original List Price Received*
95.8%
98.0%
+ 2.3%
100.7%
98.2%
- 2.5%
Percent of Original List Price Received*
96.7%
98.5%
+ 1.9%
101.3%
98.5%
- 2.8%
Days on Market Until Sale
23
19
- 17.4%
11
20
+ 81.8%
Days on Market Until Sale
26
10
- 61.5%
12
23
+ 91.7%
Inventory of Homes for Sale
26
29
+ 11.5%
--
--
--
Inventory of Homes for Sale
33
11
- 66.7%
--
--
--
* 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.
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
$900,000
Townhouse-Condo Attached All MLS — Upper Mount Pleasant —
All MLS — Upper Mount Pleasant —
$600,000
$800,000 $500,000
$800,000
$400,000
$600,000
$300,000
$700,000 $400,000
$600,000 $500,000
$400,000
$300,000
$400,000
$200,000
$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 October 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.
$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 October 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 – September 2023
Local Market Update – September 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 September
Single-Family Detached
Year to Date
September
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
12
18
+ 50.0%
186
157
- 15.6%
New Listings
6
7
+ 16.7%
46
45
- 2.2%
Closed Sales
5
16
+ 220.0%
130
99
- 23.8%
Closed Sales
1
1
0.0%
26
31
+ 19.2%
Median Sales Price*
$1,443,000
$2,472,500
+ 71.3%
$1,987,500
$2,000,000
+ 0.6%
Median Sales Price*
$4,875,000
$9,500,000
+ 94.9%
$4,687,500
$4,500,000
- 4.0%
Average Sales Price*
$1,923,600
$2,802,125
+ 45.7%
$2,286,708
$2,704,203
+ 18.3%
Average Sales Price*
$4,875,000
$9,500,000
+ 94.9%
$4,649,966
$4,593,935
- 1.2%
92.0%
93.2%
+ 1.3%
96.8%
92.8%
- 4.1%
Percent of Original List Price Received*
100.0%
100.0%
0.0%
94.7%
93.5%
- 1.3%
Days on Market Until Sale
39
45
+ 15.4%
26
68
+ 161.5%
Days on Market Until Sale
0
0
--
32
80
+ 150.0%
Inventory of Homes for Sale
53
57
+ 7.5%
--
--
--
Inventory of Homes for Sale
15
13
- 13.3%
--
--
--
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.
* 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
September
Year to Date
September
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
14
+ 366.7%
101
96
- 5.0%
New Listings
0
0
--
2
0
- 100.0%
Closed Sales
12
8
- 33.3%
79
70
- 11.4%
Closed Sales
0
0
--
4
1
- 75.0%
Median Sales Price*
$855,000
$1,137,500
+ 33.0%
$880,000
$900,500
+ 2.3%
Median Sales Price*
$0
$0
--
$1,812,500
$1,375,000
- 24.1%
Average Sales Price*
$1,042,833
$1,384,250
+ 32.7%
$989,239
$1,096,679
+ 10.9%
Average Sales Price*
$0
$0
--
$1,678,125
$1,375,000
- 18.1%
92.3%
95.9%
+ 3.9%
97.8%
96.8%
- 1.0%
Percent of Original List Price Received*
0.0%
0.0%
--
90.9%
98.2%
+ 8.0%
Days on Market Until Sale
49
101
+ 106.1%
32
35
+ 9.4%
Days on Market Until Sale
0
0
--
49
38
- 22.4%
Inventory of Homes for Sale
19
21
+ 10.5%
--
--
--
Inventory of Homes for Sale
0
0
--
--
--
--
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.
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 October 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.
$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 October 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 – September 2023
Local Market Update – September 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 September
Single-Family Detached
Year to Date
September
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
45
47
+ 4.4%
539
420
- 22.1%
New Listings
118
88
- 25.4%
1,212
947
- 21.9%
Closed Sales
29
37
+ 27.6%
445
353
- 20.7%
Closed Sales
95
78
- 17.9%
1,070
813
- 24.0%
Median Sales Price*
$573,000
$670,000
+ 16.9%
$562,500
$610,369
+ 8.5%
Median Sales Price*
$455,591
$517,500
+ 13.6%
$449,025
$489,000
+ 8.9%
Average Sales Price*
$638,365
$786,828
+ 23.3%
$637,440
$732,940
+ 15.0%
Average Sales Price*
$546,844
$556,961
+ 1.9%
$505,583
$545,355
+ 7.9%
Percent of Original List Price Received*
98.5%
96.2%
- 2.3%
100.5%
97.1%
- 3.4%
Percent of Original List Price Received*
97.3%
98.0%
+ 0.7%
100.6%
98.1%
- 2.5%
Days on Market Until Sale
11
15
+ 36.4%
14
23
+ 64.3%
Days on Market Until Sale
17
22
+ 29.4%
14
22
+ 57.1%
Inventory of Homes for Sale
71
64
- 9.9%
--
--
--
Inventory of Homes for Sale
152
98
- 35.5%
--
--
--
* 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.
* 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
September
Year to Date
September
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
13
7
- 46.2%
205
138
- 32.7%
New Listings
24
29
+ 20.8%
349
289
- 17.2%
Closed Sales
20
12
- 40.0%
202
127
- 37.1%
Closed Sales
23
17
- 26.1%
340
229
- 32.6%
Median Sales Price*
$319,950
$332,500
+ 3.9%
$287,250
$307,000
+ 6.9%
Median Sales Price*
$300,000
$315,000
+ 5.0%
$318,500
$315,000
- 1.1%
Average Sales Price*
$324,495
$342,667
+ 5.6%
$303,467
$331,954
+ 9.4%
Average Sales Price*
$319,139
$330,882
+ 3.7%
$308,794
$330,497
+ 7.0%
Percent of Original List Price Received*
98.0%
97.9%
- 0.1%
101.7%
100.0%
- 1.7%
Percent of Original List Price Received*
99.3%
96.2%
- 3.1%
102.1%
98.5%
- 3.5%
Days on Market Until Sale
12
14
+ 16.7%
9
10
+ 11.1%
Days on Market Until Sale
7
24
+ 242.9%
10
17
+ 70.0%
Inventory of Homes for Sale
9
9
0.0%
--
--
--
Inventory of Homes for Sale
25
37
+ 48.0%
--
--
--
* 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 — James Island —
$700,000
$600,000
Townhouse-Condo Attached
Single-Family Detached All MLS — James Island —
$400,000
All MLS — West Ashley Area —
$500,000
All MLS — West Ashley Area —
$400,000
$350,000
$450,000
$350,000
$300,000
$400,000
$300,000
$250,000
$350,000
$250,000
$200,000
$300,000
$200,000
$150,000
$250,000
$150,000
$500,000
$400,000
$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 October 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.
$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 October 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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