The Corcoran Report
ANNUAL
REPORT | 2024 | CHARLESTON AREA
About Us:
Corcoran HM Properties is an award-winning, full-service residential real estate company serving the Carolinas. Our 150+ Brokers/Realtors® are committed to your real estate success and are backed by an in-house marketing team and relocation department that manages individual and corporate moves in the U.S. and abroad. We also leverage the latest technology combined with premier digital and print marketing.
With unmatched experience, reach, and resources, Corcoran HM Properties stands as an acknowledged leader in the planning, design, marketing, and sales of luxury residential properties. Areas served include: Charlotte, Asheville, Blowing Rock, Charleston, Wilmington, Bluffton and Hilton Head
Annual Market Update:
The report provides a comprehensive analysis of the real estate market in the Charleston area, using data from the Charleston Trident MLS. The data covers a rolling twelve-month period ending on January 1st, 2025.
The Charleston area real estate market in 2024 remains vibrant, fueled by continued population growth, strong demand for coastal living, and a mix of new developments and historic charm. Inventory levels have increased slightly compared to previous years, offering more opportunities for buyers, though prices remain competitive due to high demand With interest in both luxury waterfront properties and affordable suburban options, Charleston continues to attract a diverse range of buyers, from retirees to young professionals.
OVERVIEW
Lowcountry Charleston County
Closed Sales
7,021
Avg Days On Market
880,585
96.2
SOURCE: CHARLESTON TRIDENT MLS - EACH DATA POINT IS 12 MONTHS OF ACTIVITY
$
1,650,765
YEAR OVER YEAR Avg Sales Price
93.6
%
933,811
1,161,258
95.9
992,141
97.4
$
5,071,700
% Avg Sales Price
91.5
$
2,319,151
% Avg Sales Price
91.5
$
1,865,151
% Avg Sales Price
96.2
James Island, located just southwest of downtown Charleston, offers a laid-back, suburban feel with a mix of historic homes, waterfront properties, and modern developments. Known for its proximity to Folly Beach and scenic views of Charleston Harbor, the island is a popular spot for boating, fishing, and outdoor activities. James Island County Park is a local favorite, featuring trails, a climbing wall, and seasonal events like the Festival of Lights, adding to the area ' s appeal for families and nature lovers.
James Island
717,635
Folly Beach, often referred to as "The Edge of America," is a lively beach town just south of Charleston, known for its laid-back atmosphere and beautiful shoreline. It's a popular spot for surfing, fishing, and boating, with iconic landmarks like the Folly Beach Pier and the Morris Island Lighthouse. The town’s eclectic mix of beach bars, local shops, and vibrant nightlife attracts both locals and tourists, creating a relaxed, fun-loving vibe year-round.
Folly Beach
$
1,062,132
West Ashley, inside I-526, is one of Charleston’s largest suburban areas, offering a mix of established neighborhoods, shopping centers, and historic sites like Charles Towne Landing With its proximity to downtown, the area provides easy access to the city while maintaining a quieter, more residential feel It features scenic marsh views, riverside parks, and an array of local restaurants, making it a convenient and appealing spot for families and professionals
West Ashley (Inside I-526)
668,675
West Ashley, outside I-526, encompasses a more expansive and rapidly developing area with a blend of newer residential communities and commercial hubs. This region includes neighborhoods like Old Towne and Westwood, known for their spacious lots and growing amenities. It offers a suburban feel with increased access to larger retail centers, schools, and recreational facilities, making it an attractive option for those seeking a balance between city access and a more expansive living environment.
West Ashley (Outside I-526)
467,816
Seabrook Island is an exclusive barrier island located south of Charleston, known for its pristine beaches, private golf courses, and upscale residential communities. The island offers a serene, resort-like atmosphere with amenities such as tennis courts, an equestrian center, and extensive nature trails. Its focus on conservation and low-density development ensures a tranquil, natural setting, appealing to those seeking a peaceful retreat while still being accessible to Charleston's cultural attractions.
Seabrook
1,227,183
Kiawah Island is a renowned barrier island located just southwest of Charleston, celebrated for its stunning beaches, world-class golf courses, and luxury resorts. The island features a private, gated community with a focus on preserving natural landscapes, offering ample opportunities for outdoor activities like biking, kayaking, and wildlife viewing. With its upscale accommodations and exclusive atmosphere, Kiawah Island provides a high-end retreat that combines natural beauty with top-notch amenities.
Kiawah
2,078,309