October Charleston Region Market Report
HOME SALES AND BUYER INTEREST CONTINUE TO INCREASE IN THE CHARLESTON REGION
NOVEMBER 10, 2021 (Charleston, SC) 1,975 homes sold in October in the Charleston region at a median price of $365,000 according to preliminary data released today by the Charleston Trident Association of Realtors® (CTAR).
Year-to-date, sales volume is up 13% with 20,345 homes sold thus far in 2021 compared to 17,963 at this point in 2020. Median price is $346,937, a 16% increase from this point last year, when the median price was $299,000.
Inventory data shows 50% fewer homes for sale over the last 12-month period, with 1,982 homes listed as “active” for sale in the CHS Regional MLS database at the end of September—representing one month’s worth of available inventory.
“October’s home sales represent the highest volume of sales we’ve seen since this summer—buyer interest in our market has never waned and we’re seeing that with a consistent year of growth for both sales and pricing” said 2021 CTAR President Rusty Hughes. “Sales are 13% higher than 2020, which was a record-breaking year and median price is up 16%” he said.
September Adjustment
Preliminary data showed 1,908 homes sold in September in the Charleston region at a median price of $350,000. Updated figures now show 1,927 homes sold at the same median price.
Berkeley County
581 homes sold at a median price of $290,000 in Berkeley County in October, 514 single-family homes and 67 condos/townhomes.
Year-to-date, 5,196 single-family homes have sold at a median price of $332,700. Today’s report shows a 29% increase in sales and a 17% increase in median sale price. 689 condos/townhomes have sold at a median price of $228,719 so far this year—a 7% increase in sales and 16% increase in price.
There are currently 519 residential properties for sale in Berkeley County; 462 single-family homes and 67 condos/townhomes.
Charleston County
894 homes sold at a median price of $417,500 in Charleston County in October, 655 single-family homes and 239 condos/townhomes.
Year-to-date, 6,872 single-family homes have sold at a median price of $500,000. Today’s report shows a 3% increase in sales and a 19% increase in median sale price. 2,650 condos/townhomes have sold at a median price of $297,500 so far this year—a 20% increase in sales and 19% increase in pricing.
There are currently 949 residential properties for sale in Charleston County; 692 single-family homes and 257 condos/townhomes.
Colleton County
34 homes sold at a median price of $313,500 in Colleton County in October, 27 single-family homes and 7 condos/townhomes.
Year-to-date, 306 single-family homes have sold at a median price of $260,000. Today’s report shows a 4% increase in sales and a 16% increase in median sale price. 45 condos/townhomes have sold at a median price of $269,000 so far this year—a 13% rise in sales and 12% increase in pricing.
There are currently 71 residential properties for sale in Colleton County; 67 single-family homes and 4 condo/townhomes.
Dorchester County
402 homes sold at a median price of $289,233 in Dorchester County in October, 326 single-family homes and 76 condos/townhomes.
Year-to-date, 3,194 single-family homes have sold at a median price of $310,000. Today’s report shows an 8% increase in sales and 15% increase in median sale price. 575 condos/townhomes have sold at a median price of $226,200 so far this year—a 37% increase in sales and 22% increase in pricing.
There are currently 237 residential properties for sale in Dorchester County; 226 single-family homes and 11 condos/townhomes.
