Charleston County, SC Real Estate & Homes for Sale | realtor.com® (2024)

FAQs

Is it a buyers or sellers market in Charleston SC? ›

Sale-to-list price ratio: 109.03% Homes in Charleston, SC sold for 9.03% above asking price on average in July 2024. Charleston, SC is a buyer's market in July 2024, which means that the supply of homes is greater than the demand for homes.

Selling a house in South Carolina

Home values have increased by 3.8% since last year, and the number of days it takes to sell a home has increased from 54 days in July 2023 to 62 days in July 2024. The best time to sell your home in South Carolina is in August, when homes sell fastest and for the most money.

Living in the Charleston metro area is just slightly more expensive than the national average, mainly due to higher utility bills, according to several popular cost-of-living calculators.

Experts predict a 2.2% increase in property values through 2024, though some houses may still sell below their listing price.”

It is widely acknowledged that the Charleston region – and much of the country – is in an affordable housing crisis. The median home sale in the region reached a record $420,000 in January, way out of reach for the average Lowcountry family. Consider a family with a $60,000 household income, 20% below the median.

The median salary in Charleston, SC is $57,110, with 80% of salaries falling between $30,944 and $130,500.

Low Tax State. Charleston, SC, and all of South Carolina is considered a low-tax state, which is excellent news for real estate investors. There are low property taxes, so you can easily maximize your returns. Plus, you don't have to deal with estate or inheritance tax, so it's great for long-term investments.

Are home prices dropping in South Carolina? As of November 2023, South Carolina's median home price is down by 7.1% at $360,800 from the national average price of $387,600.

Here's how each month of the year ranked for the best time to sell a house. The highest-earning months are, in ranking order, May, June, April and March.

What month do most houses sell? ›

Bottom Line: The Best and Worst Month To Sell a Home

June is usually the best month to sell a house. It's when you're most likely to reach the most potential buyers and get a price above market value. As a result, on average nationwide, June has one of the highest median sale prices and the most sales overall.

The most expensive neighborhoods can be found downtown on the peninsula south of Broad Street and out on the beaches of Isle of Palms (IOP) and Sullivan's Island. About 45 minutes south of Charleston is Kiawah Island.

If needed, you have quick access to MUSC from most of the surrounding areas. So overall, Charleston may be a great location for any retiree. The locals enjoy a great way of life, with endless choices for activities that promote a healthy lifestyle, exceptional dining, and loads of entertainment options.

Monthly electric bills are a product of how much electricity you use per month and your electric rate. In Charleston, SC, the average monthly electric bill for residential customers is $200/month, which is calculated by multiplying the average monthly consumption by the average electric rate: 1,417 kWh * 14 ¢/kWh.

Are home prices dropping in South Carolina? As of November 2023, South Carolina's median home price is down by 7.1% at $360,800 from the national average price of $387,600.

Fall and winter typically see the lowest amount of homebuying activity.