2024 QUARTER ONE MARKET REPORT CHARLESTON AREA
40 Laurens Street , Charleston | Offered at $4,800,000 1644 Omni Boulevard, Mount Pleasant | Offered at $3,495,000 2608 Raven Drive, Sullivan’s Island | Offered at $7,250,000 COVER HOME Featured Properties
$1,150,957
AVERAGE DAYS ON MARKET 11.87%
46
2,135 NUMBER OF SALES 5.48% ^ ^
The Lowcountry
The Overview $512.17 AVERAGE SOLD PRICE PER SQFT
TO SALES PRICE RATIO 0.55% ^
AVERAGE SALES PRICE 96.89% LIST
11.01% ^ 3.82% ^
Q1 2024 vs Q1 2024
Q1 2024 Market Report
Section 1: Charleston Area
JOHNS ISLAND AND WADMALAW ISLAND
Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 179 2024 171 2023 41 2024 34 2023 $306.23 2024 $284.37 2023 $707,614 2024 $650,284 2023 98.17% 2024 98.36% 2023
BEACH Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 146 2024 156 2023 38 2024 33 2023 $391.50 2024 $352.77 2023 $700,867 2024 $635,815 2023 96.96% 2024 97.73% 2023 4.68% 20.59% 7.69% 8.82% 0.18% 6.41% 15.15% 10.98% 10.23% 0.77%
JAMES ISLAND AND FOLLY
WEST
(INSIDE I-526)
Area
ASHLEY
I-526) Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 87 2024 95 2023 42 2024 33 2023 $332.63 2024 $318.65 2023 $568,124 2024 $538,106 2023 97.78% 2024 96.88% 2023 LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 175 2024 184 2023 29 2024 36 2023 $247.49 2024 $232.01 2023 $457,580 2024 $439,341 2023 99.10% 2024 100.14% 2023 8.42% 27.27% 4.39% 5.58% 0.90% 4.89% 19.44% 6.67% 4.15% 1.04%
ASHLEY
Residential Sales | Greater Charleston
WEST
(OUTSIDE
Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 25 2024 40 2023 67 2024 64 2023 $248.34 2024 $246.61 2023 $571,187 2024 $672,829 2023 97.85% 2024 98.18% 2023 SUMMERVILLE Residential Sales | Greater Charleston Area 37.50% 4.69% 0.70% 15.11% 0.33% LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 474 2024 371 2023 44 2024 34 2023 $185.80 2024 $182.80 2023 $403,976 2024 $384,988 2023 99.09% 2024 98.70% 2023 27.76% 29.41% 1.64% 4.93% 0.39%
RURAL WEST ASHLEY
Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 98 2024 85 2023 31 2024 41 2023 $287.30 2024 $225.82 2023 $373,448 2024 $341,197 2023 97.85% 2024 98.07% 2023 NORTH CHARLESTON/SUMMERVILLE (OUTSIDE I-526) Residential Sales | Greater Charleston Area 15.29% 24.39% 27.23% 9.45% 0.22% LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 185 2024 185 2023 39 2024 44 2023 $196.80 2024 $192.68 2023 $311,342 2024 $284,163 2023 98.40% 2024 98.64% 2023 11.36% 2.14% 9.56% 0.24%
NORTH CHARLESTON (INSIDE I-526)
ISLAND Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 23 2024 25 2023 53 2024 105 2023 $911.95 2024 $720.61 2023 $1,756,304 2024 $1,972,976 2023 96.09% 2024 99.14% 2023 SEABROOK ISLAND Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 39 2024 34 2023 62 2024 70 2023 $577.77 2024 $491.58 2023 $960,118 2024 $907,688 2023 93.67% 2024 94.97% 2023 8.00% 49.52% 26.55% 10.98% 3.05% 14.71% 11.43% 17.53% 5.78% 1.29% Kiawah Island stats from Charleston MLS only
KIAWAH
SULLIVAN’S
ISLAND
Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 7 2024 13 2023 83 2024 115 2023 $1,777.56 2024 $1,486.90 2023 $5,506,429 2024 $5,423,462 2023 96.64% 2024 94.25% 2023
OF PALMS/WILD DUNES Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 50 2024 52 2023 46 2024 64 2023 $735.62 2024 $968.95 2023 $1,422,360 2024 $1,534,587 2023 95.31% 2024 93.93% 2023 27.83% 19.55% 1.53% 2.39% 3.85% 28.13% 24.08% 7.31% 1.38% 46.15%
Residential
ISLE
MT. PLEASANT (SOUTH OF IOP CONNECTOR)
Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 192 2024 151 2023 24 2024 35 2023 $480.51 2024 $414.18 2023 $1,043,328 2024 $937,904 2023 97.47% 2024 97.22% 2023
PLEASANT
OF IOP CONNECTOR) Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 211 2024 216 2023 30 2024 50 2023 $361.60 2024 $308.24 2023 $962,062 2024 $811,976 2023 98.36% 2024 97.77% 2023 27.15% 31.43% 16.01% 11.24% 0.24% 2.31% 40.00% 17.31% 18.48% 0.59%
MT.
(NORTH
DANIEL ISLAND Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 68 2024 52 2023 31 2024 41 2023 $579.94 2024 $459.91 2023 $1,941,560 2024 $1,456,897 2023 96.24% 2024 97.32% 2023 WANDO/CAINHOY Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 57 2024 74 2023 50 2024 37 2023 $305.07 2024 $291.54 2023 $762,881 2024 $710,239 2023 98.53% 2024 99.14% 2023 22.97% 35.14% 4.64% 7.41% 0.61% 30.77% 24.39% 26.10% 33.27% 1.08%
Miles of winding waterways and sandy shores. Legendary golf courses. Historic cities with storied streets abuzz with new experiences. Expansive acreage promising a relaxing respite.
Life along the South Carolina & Georgia coastline has something for everyone.
Let us introduce you to a life well-lived in the Lowcountry
the Lowcountry in Charleston, Savannah Hilton Head Island, Beaufort & Bluffton
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Q1 2024 Market Report
Section 2: Downtown Charleston
Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 91 2024 82 2023 48 2024 51 2023 $724.74 2024 $657.88 2023 $1,317,949 2024 $1,468,972 2023 97.47% 2024 95.77% 2023
CHARLESTON (OUTSIDE CROSSTOWN) Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 28 2024 38 2023 66 2024 48 2023 $568.17 2024 $469.09 2023 $950,104 2024 $782,658 2023 97.78% 2024 96.54% 2023 10.98% 5.88% 10.16% 10.28% 1.71% 26.32% 37.50% 21.12% 21.39% 1.23%
DOWNTOWN CHARLESTON (INSIDE CROSSTOWN)
DOWNTOWN
SOUTH OF BROAD
Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 12 2024 18 2023 88 2024 54 2023 $994.88 2024 $872.41 2023 $2,610,417 2024 $2,732,678 2023 96.67% 2024 97.24% 2023 HARLESTON VILLAGE Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 21 2024 19 2023 26 2024 51 2023 $704.85 2024 $669.79 2023 $1,198,190 2024 $1,547,711 2023 98.76% 2024 94.80% 2023 33.33% 62.96% 4.47% 0.57% 10.53% 49.02% 5.23% 22.58% 3.97% 14.04%
FRENCH QUARTER
Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 0 2024 4 2023 0 2024 49 2023 $0.00 2024 $884.96 2023 $0.00 2024 $1,301,500 2023 0% 2024 94.24% 2023 ANSONBOROUGH Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 6 2024 3 2023 19 2024 28 2023 $930.47 2024 $688.04 2023 $1,650,083 2024 $1,651,667 2023 97.87% 2024 95.75% 2023 100.00% 32.14% 35.23% 0.10% 2.13%
RADCLIFFEBOROUGH
Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 8 2024 6 2023 8 2024 48 2023 $633.66 2024 $578.16 2023 $1,089,625 2024 $923,333 2023 98.59% 2024 96.89% 2023 CANNONBOROUGH/ELLIOTTBOROUGH Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 6 2024 7 2023 91 2024 53 2023 $649.99 2024 $505.19 2023 $1,011,742 2024 $1,031,214 2023 97.36% 2024 91.79% 2023 33.33% 83.33% 9.60% 18.01% 1.70% 14.29% 71.70% 28.66% 1.89% 5.57%
Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 11 2024 14 2023 15 2024 26 2023 $614.46 2024 $464.34 2023 $1,230,818 2024 $958,393 2023 98.04% 2024 96.63% 2023 MAZYCK/WRAGGBOROUGH Residential Sales | Greater Charleston Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 6 2024 1 2023 98 2024 4 2023 $714.71 2024 $633.26 2023 $1,270,833 2024 $1,839,000 2023 95.19% 2024 91.95% 2023 21.43% 42.31% 32.33% 28.43% 1.41% 500% 2350% 12.86% 30.90% 3.24%
WAGENER TERRACE/HAMPTON PARK
Based on information from the Charleston Trident MLS for the period 1/1/23-3/31/24. © MMXVI Sotheby’s International Realty Affiliates LLC. All Rights Reserved. Sotheby’s International Realty Affiliates LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office is Independently Owned and Operated. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks licensed to Sotheby’s International Realty Affiliates LLC. All rights reserved. This material may not be reproduced, displayed, modified or distributed without the express prior written consent of the copyright holder. Each Office is Independently Owned and Operated. DANIELRAVENELSIR.COM 33 BROAD STREET, CHARLESTON, SC 29401 Nothing Compares.