APRIL 2022
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 – April 2022
Local Market Update – April 2022
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 April
Single-Family Detached
Year to Date
April
Single-Family Detached
Year to Date
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
New Listings
41
29
- 29.3%
155
112
- 27.7%
New Listings
27
22
- 18.5%
98
99
+ 1.0%
Closed Sales
47
27
- 42.6%
148
103
- 30.4%
Closed Sales
26
18
- 30.8%
92
76
- 17.4%
Median Sales Price*
$1,050,000
$1,425,000
+ 35.7%
$926,000
$1,180,000
+ 27.4%
Median Sales Price*
$632,500
$792,500
+ 25.3%
$588,000
$650,000
+ 10.5%
Average Sales Price*
$1,343,319
$1,821,185
+ 35.6%
$1,323,385
$1,632,597
+ 23.4%
Average Sales Price*
$613,833
$795,944
+ 29.7%
$604,988
$721,921
+ 19.3%
93.7%
97.2%
+ 3.7%
93.1%
96.2%
+ 3.3%
Percent of Original List Price Received*
97.4%
100.1%
+ 2.8%
95.3%
99.0%
+ 3.9%
Days on Market Until Sale
90
33
- 63.3%
112
53
- 52.7%
Days on Market Until Sale
69
18
- 73.9%
72
45
- 37.5%
Inventory of Homes for Sale
107
33
- 69.2%
--
--
--
Inventory of Homes for Sale
46
20
- 56.5%
--
--
--
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
April
Year to Date
April
Year to Date
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
New Listings
41
37
- 9.8%
159
134
- 15.7%
New Listings
3
9
+ 200.0%
13
15
+ 15.4%
Closed Sales
34
39
+ 14.7%
101
117
+ 15.8%
Closed Sales
2
4
+ 100.0%
6
11
+ 83.3%
Median Sales Price*
$705,000
$700,000
- 0.7%
$649,000
$670,000
+ 3.2%
Median Sales Price*
$569,250
$325,000
- 42.9%
$530,500
$355,000
- 33.1%
Average Sales Price*
$947,834
$956,292
+ 0.9%
$834,052
$918,212
+ 10.1%
Average Sales Price*
$569,250
$432,500
- 24.0%
$472,250
$545,000
+ 15.4%
93.0%
97.2%
+ 4.5%
92.8%
96.8%
+ 4.3%
Percent of Original List Price Received*
97.7%
95.6%
- 2.1%
99.4%
95.6%
- 3.8%
Days on Market Until Sale
83
61
- 26.5%
109
72
- 33.9%
Days on Market Until Sale
58
54
- 6.9%
38
128
+ 236.8%
Inventory of Homes for Sale
123
32
- 74.0%
--
--
--
Inventory of Homes for Sale
7
5
- 28.6%
--
--
--
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.
Historical Median Sales Price Single-Family Detached $1,400,000
* 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
Townhouse-Condo Attached All MLS — Downtown Charleston —
$1,200,000
Single-Family Detached All MLS — Downtown Charleston —
$700,000
$700,000
$600,000
$600,000
$500,000
$500,000
$400,000
$400,000
$300,000
$300,000
$200,000
$200,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Upper Charleston Peninsula —
All MLS — Upper Charleston Peninsula —
$500,000
$400,000
$1,000,000 $800,000
$300,000
$600,000 $400,000
$200,000
$200,000 $0 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
$100,000 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
Current as of May 9, 2022. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
$100,000 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
$100,000 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
Current as of May 9, 2022. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
Local Market Update – April 2022
Local Market Update – April 2022
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 April
Single-Family Detached
Year to Date
April
Single-Family Detached
Year to Date
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
New Listings
95
83
- 12.6%
353
296
- 16.1%
New Listings
130
103
- 20.8%
506
359
- 29.1%
Closed Sales
93
69
- 25.8%
324
229
- 29.3%
Closed Sales
119
84
- 29.4%
424
279
- 34.2%
Median Sales Price*
$775,000
$925,000
+ 19.4%
$681,500
$870,000
+ 27.7%
Median Sales Price*
$642,879
$808,625
+ 25.8%
$600,000
$770,575
+ 28.4%
Average Sales Price*
$942,393
$1,205,160
+ 27.9%
$826,202
$1,170,494
+ 41.7%
Average Sales Price*
$705,994
$936,897
+ 32.7%
$678,621
$875,392
+ 29.0%
98.8%
103.2%
+ 4.5%
97.7%
100.9%
+ 3.3%
Percent of Original List Price Received*
101.4%
102.0%
+ 0.6%
99.9%
101.6%
+ 1.7%
Days on Market Until Sale
31
11
- 64.5%
33
12
- 63.6%
Days on Market Until Sale
13
9
- 30.8%
22
15
- 31.8%
Inventory of Homes for Sale
65
41
- 36.9%
--
--
--
Inventory of Homes for Sale
73
50
- 31.5%
--
--
--
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
April
Year to Date
April
Year to Date
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
New Listings
61
29
- 52.5%
219
135
- 38.4%
New Listings
33
33
0.0%
127
122
- 3.9%
Closed Sales
69
30
- 56.5%
193
124
- 35.8%
Closed Sales
28
31
+ 10.7%
112
107
- 4.5%
Median Sales Price*
$300,000
$373,000
+ 24.3%
$295,000
$370,500
+ 25.6%
Median Sales Price*
$331,000
$480,000
+ 45.0%
$324,450
$365,000
+ 12.5%
Average Sales Price*
$396,908
$531,050
+ 33.8%
$405,204
$493,610
+ 21.8%
Average Sales Price*
$330,227
$461,034
+ 39.6%
$317,749
$399,235
+ 25.6%
99.8%
104.1%
+ 4.3%
98.6%
102.2%
+ 3.7%
Percent of Original List Price Received*
101.3%
101.7%
+ 0.4%
99.5%
102.8%
+ 3.3%
Days on Market Until Sale
23
10
- 56.5%
34
9
- 73.5%
Days on Market Until Sale
11
5
- 54.5%
22
12
- 45.5%
Inventory of Homes for Sale
24
9
- 62.5%
--
--
--
Inventory of Homes for Sale
17
8
- 52.9%
--
--
--
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.
Historical Median Sales Price Single-Family Detached $1,000,000
* 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
Townhouse-Condo Attached All MLS — Lower Mount Pleasant —
Single-Family Detached All MLS — Lower Mount Pleasant —
$350,000
$800,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Upper Mount Pleasant —
$700,000 $800,000
$600,000 $250,000
$400,000
$350,000
$300,000
$600,000
All MLS — Upper Mount Pleasant —
$300,000
$500,000 $250,000
$400,000
$400,000
$200,000
$200,000
$300,000 $200,000
$0 1-2012
$150,000
1-2014
1-2016
1-2018
1-2020
1-2022
$100,000 1-2012
$150,000
$200,000
1-2014
1-2016
1-2018
1-2020
1-2022
Current as of May 9, 2022. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
$100,000 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
$100,000 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
Current as of May 9, 2022. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
Local Market Update – April 2022
Local Market Update – April 2022
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 April
Single-Family Detached
Year to Date
April
Single-Family Detached
Year to Date
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
New Listings
22
22
0.0%
108
86
- 20.4%
New Listings
10
4
- 60.0%
24
21
- 12.5%
Closed Sales
35
21
- 40.0%
100
67
- 33.0%
Closed Sales
6
7
+ 16.7%
17
18
+ 5.9%
Median Sales Price*
$1,550,000
$1,875,000
+ 21.0%
$1,550,000
$1,750,000
+ 12.9%
Median Sales Price*
$2,492,500
$3,025,000
+ 21.4%
$3,000,000
$3,750,000
+ 25.0%
Average Sales Price*
$1,947,968
$2,328,675
+ 19.5%
$1,772,454
$2,119,936
+ 19.6%
Average Sales Price*
$2,580,833
$3,540,571
+ 37.2%
$3,061,634
$4,043,840
+ 32.1%
96.5%
99.5%
+ 3.1%
96.0%
98.3%
+ 2.4%
Percent of Original List Price Received*
95.1%
94.4%
- 0.7%
96.2%
94.5%
- 1.8%
Days on Market Until Sale
42
18
- 57.1%
43
21
- 51.2%
Days on Market Until Sale
109
32
- 70.6%
121
32
- 73.6%
Inventory of Homes for Sale
24
24
0.0%
--
--
--
Inventory of Homes for Sale
15
6
- 60.0%
--
--
--
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.
Townhouse-Condo Attached
Townhouse-Condo Attached
April
Year to Date
April
Year to Date
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
New Listings
16
12
- 25.0%
49
45
- 8.2%
New Listings
1
1
0.0%
4
1
- 75.0%
Closed Sales
16
9
- 43.8%
53
31
- 41.5%
Closed Sales
2
0
- 100.0%
2
2
0.0%
Median Sales Price*
$692,500
$902,000
+ 30.3%
$725,000
$851,000
+ 17.4%
Median Sales Price*
$580,000
$0
- 100.0%
$580,000
$1,812,500
+ 212.5%
Average Sales Price*
$772,344
$1,010,167
+ 30.8%
$753,976
$948,303
+ 25.8%
Average Sales Price*
$580,000
$0
- 100.0%
$580,000
$1,812,500
+ 212.5%
98.1%
104.0%
+ 6.0%
96.6%
98.8%
+ 2.3%
Percent of Original List Price Received*
83.5%
0.0%
- 100.0%
83.5%
86.9%
+ 4.1%
Days on Market Until Sale
56
15
- 73.2%
96
47
- 51.0%
Days on Market Until Sale
0
0
--
0
67
--
Inventory of Homes for Sale
23
15
- 34.8%
--
--
--
Inventory of Homes for Sale
2
1
- 50.0%
--
--
--
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.
Historical Median Sales Price
* 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
Townhouse-Condo Attached
Single-Family Detached
All MLS — Isle of Palms —
$2,000,000
Single-Family Detached All MLS — Isle of Palms —
$800,000
$4,000,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Sullivan's Island —
All MLS — Sullivan's Island —
$4,000,000
$700,000 $1,500,000
$600,000
$3,000,000
$3,000,000
$2,000,000
$2,000,000
$1,000,000
$1,000,000
$500,000 $1,000,000 $400,000 $300,000
$500,000
$200,000 $0 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
$100,000 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
Current as of May 9, 2022. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
$0 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
$0 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
Current as of May 9, 2022. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
Local Market Update – April 2022
Local Market Update – April 2022
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 April
Single-Family Detached
Year to Date
April
Single-Family Detached
Year to Date
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
New Listings
80
64
- 20.0%
250
249
- 0.4%
New Listings
170
156
- 8.2%
505
542
+ 7.3%
Closed Sales
54
60
+ 11.1%
209
208
- 0.5%
Closed Sales
114
116
+ 1.8%
415
453
+ 9.2%
Median Sales Price*
$435,000
$582,500
+ 33.9%
$428,000
$535,500
+ 25.1%
Median Sales Price*
$398,000
$465,000
+ 16.8%
$360,000
$425,000
+ 18.1%
Average Sales Price*
$538,265
$723,428
+ 34.4%
$507,437
$606,987
+ 19.6%
Average Sales Price*
$439,248
$573,625
+ 30.6%
$403,366
$489,155
+ 21.3%
97.0%
101.8%
+ 4.9%
97.9%
101.2%
+ 3.4%
Percent of Original List Price Received*
100.3%
102.8%
+ 2.5%
98.4%
100.7%
+ 2.3%
Days on Market Until Sale
32
12
- 62.5%
28
17
- 39.3%
Days on Market Until Sale
22
17
- 22.7%
27
17
- 37.0%
Inventory of Homes for Sale
48
30
- 37.5%
--
--
--
Inventory of Homes for Sale
84
58
- 31.0%
--
--
--
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.
Townhouse-Condo Attached
Townhouse-Condo Attached
April
Year to Date
April
Year to Date
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
Key Metrics
2021
2022
Percent Change
2021
2022
Percent Change
New Listings
31
31
0.0%
89
97
+ 9.0%
New Listings
50
44
- 12.0%
187
154
- 17.6%
Closed Sales
14
30
+ 114.3%
79
83
+ 5.1%
Closed Sales
63
45
- 28.6%
175
153
- 12.6%
Median Sales Price*
$251,000
$300,000
+ 19.5%
$226,000
$279,900
+ 23.8%
Median Sales Price*
$250,000
$328,500
+ 31.4%
$229,000
$325,000
+ 41.9%
Average Sales Price*
$259,743
$329,637
+ 26.9%
$243,804
$299,277
+ 22.8%
Average Sales Price*
$234,107
$325,697
+ 39.1%
$224,914
$312,349
+ 38.9%
98.7%
103.4%
+ 4.8%
96.8%
102.0%
+ 5.4%
Percent of Original List Price Received*
99.7%
103.3%
+ 3.6%
98.8%
102.1%
+ 3.3%
Days on Market Until Sale
25
5
- 80.0%
42
13
- 69.0%
Days on Market Until Sale
14
11
- 21.4%
25
13
- 48.0%
Inventory of Homes for Sale
12
3
- 75.0%
--
--
--
Inventory of Homes for Sale
27
8
- 70.4%
--
--
--
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.
Historical Median Sales Price
* 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
Townhouse-Condo Attached
Single-Family Detached
All MLS — James Island —
$600,000
Single-Family Detached All MLS — James Island —
$300,000
$500,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — West Ashley Area —
All MLS — West Ashley Area —
$300,000 $275,000
$500,000 $250,000
$400,000
$200,000
$300,000
$250,000
$400,000
$225,000 $200,000
$300,000
$175,000
$200,000
$150,000
$200,000
$150,000 $100,000 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
$100,000 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
Current as of May 9, 2022. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2022 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
$100,000 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
$125,000 1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
Current as of May 9, 2022. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2022 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 | TheCassinaGroup.com
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