REAL ESTATE REPORT
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 2024
Downtown Charleston
Single-Family Detached Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 23 28 + 21.7%86 108 + 25.6% Closed Sales 11 22 + 100.0%54 62 + 14.8% Median Sales Price* $1,990,000 $2,060,000 + 3.5%$1,957,500 $1,400,000 - 28.5% Average Sales Price* $2,674,455 $2,474,730 - 7.5%$2,221,819 $1,943,637 - 12.5% Percent of Original List Price Received*97.4% 92.8% - 4.7%93.1% 94.6% + 1.6% Days on Market Until Sale 26 26 0.0% 48 37 - 22.9% Inventory of Homes for Sale 52 65 + 25.0%-Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 23 33 + 43.5%83 131 + 57.8% Closed Sales 16 25 + 56.3%53 73 + 37.7% Median Sales Price* $699,500 $914,000 + 30.7%$682,000 $909,900 + 33.4% Average Sales Price* $759,344 $1,260,972 + 66.1%$760,132 $1,166,845 + 53.5% Percent of Original List Price Received*98.5% 95.1% - 3.5%96.5% 95.6% - 0.9% Days on Market Until Sale 17 65 + 282.4%33 51 + 54.5% Inventory of Homes for Sale 60 90 + 50.0%-All MLS — All MLS —
A Research Tool Provided by the Charleston Trident Association of REALTORS®
April Year to Date * 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. Area 51 April Year to Date * 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 Downtown Charleston — Downtown Charleston — Current as of May 9, 2024. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2024 ShowingTime Plus, LLC. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. $0 $250,000 $500,000 $750,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 1-20141-20161-20181-20201-20221-2024 Single-Family Detached $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 1-20141-20161-20181-20201-20221-2024 Townhouse-Condo Attached
Local
Market Update – April 2024
Upper Charleston Peninsula
Single-Family Detached Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 20 22 + 10.0%66 77 + 16.7% Closed Sales 12 16 + 33.3%43 42 - 2.3% Median Sales Price* $720,000 $822,500 + 14.2%$705,000 $825,000 + 17.0% Average Sales Price* $744,792 $903,594 + 21.3%$826,070 $947,224 + 14.7% Percent of Original List Price Received*96.5% 98.5% + 2.1%94.0% 96.5% + 2.7% Days on Market Until Sale 17 30 + 76.5%39 51 + 30.8% Inventory of Homes for Sale 22 28 + 27.3%-Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 0 3 13 9 - 30.8% Closed Sales 5 4 - 20.0%12 6 - 50.0% Median Sales Price* $505,000 $460,000 - 8.9%$477,500 $460,000 - 3.7% Average Sales Price* $568,900 $501,000 - 11.9%$500,167 $546,833 + 9.3% Percent of Original List Price Received*97.6% 91.4% - 6.4%98.6% 92.2% - 6.5% Days on Market Until Sale 14 53 + 278.6%28 62 + 121.4% Inventory of Homes for Sale 5 3 - 40.0% All MLS — All MLS —
A Research Tool Provided by the Charleston Trident Association of REALTORS®
April Year to Date * 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. Area 52 April Year to Date * 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 Upper Charleston Peninsula — Upper Charleston Peninsula — Current as of May 9, 2024. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2024 ShowingTime Plus, LLC. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 $900,000 1-20141-20161-20181-20201-20221-2024 Single-Family Detached $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 1-20141-20161-20181-20201-20221-2024 Townhouse-Condo Attached
Local Market Update – April 2024
Lower Mount Pleasant
Single-Family Detached Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 63 87 + 38.1%222 283 + 27.5% Closed Sales 34 45 + 32.4%138 171 + 23.9% Median Sales Price* $890,000 $1,150,000 + 29.2%$879,500 $980,000 + 11.4% Average Sales Price* $1,056,647 $1,553,558 + 47.0%$1,239,352 $1,349,456 + 8.9% Percent of Original List Price Received*95.7% 96.4% + 0.7%95.4% 96.2% + 0.8% Days on Market Until Sale 18 22 + 22.2%30 25 - 16.7% Inventory of Homes for Sale 79 80 + 1.3% Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 33 29 - 12.1%94 115 + 22.3% Closed Sales 23 21 - 8.7% 71 88 + 23.9% Median Sales Price* $443,500 $437,000 - 1.5%$390,000 $451,750 + 15.8% Average Sales Price* $615,863 $554,733 - 9.9%$479,109 $596,266 + 24.5% Percent of Original List Price Received*97.8% 97.7% - 0.1%96.5% 97.5% + 1.0% Days on Market Until Sale 26 26 0.0% 26 19 - 26.9% Inventory of Homes for Sale 23 20 - 13.0% All MLS — All MLS —
A Research Tool Provided by the Charleston Trident Association of REALTORS®
April Year to Date * 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. Area 42 April Year to Date * 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 Lower Mount Pleasant — Lower Mount Pleasant — Current as of May 9, 2024. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2024 ShowingTime Plus, LLC. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 1-20141-20161-20181-20201-20221-2024 Single-Family Detached $100,000 $200,000 $300,000 $400,000 $500,000 1-20141-20161-20181-20201-20221-2024 Townhouse-Condo Attached
Local Market Update – April 2024
Upper Mount Pleasant
Single-Family Detached Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 99 113 + 14.1%333 377 + 13.2% Closed Sales 71 86 + 21.1%238 237 - 0.4% Median Sales Price* $915,000 $1,040,299 + 13.7%$847,500 $1,000,000 + 18.0% Average Sales Price* $1,040,704 $1,138,048 + 9.4%$953,649 $1,137,573 + 19.3% Percent of Original List Price Received*99.3% 98.3% - 1.0%96.2% 97.8% + 1.7% Days on Market Until Sale 32 24 - 25.0%44 27 - 38.6% Inventory of Homes for Sale 95 104 + 9.5% Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 29 30 + 3.4% 92 115 + 25.0% Closed Sales 32 25 - 21.9%80 85 + 6.3% Median Sales Price* $497,500 $570,000 + 14.6%$492,500 $516,000 + 4.8% Average Sales Price* $484,150 $531,618 + 9.8%$477,755 $524,152 + 9.7% Percent of Original List Price Received*98.4% 98.1% - 0.3%97.7% 98.3% + 0.6% Days on Market Until Sale 28 20 - 28.6%31 23 - 25.8% Inventory of Homes for Sale 19 20 + 5.3% All MLS — All MLS —
A Research Tool Provided by the Charleston Trident Association of REALTORS®
April Year to Date * 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. Area 41 April Year to Date * 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 Upper Mount Pleasant — Upper Mount Pleasant — Current as of May 9, 2024. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2024 ShowingTime Plus, LLC. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 1-20141-20161-20181-20201-20221-2024 Single-Family Detached $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 1-20141-20161-20181-20201-20221-2024 Townhouse-Condo Attached
Local Market Update – April 2024
Single-Family Detached Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 15 23 + 53.3%54 79 + 46.3% Closed Sales 15 11 - 26.7%38 37 - 2.6% Median Sales Price* $2,600,000 $2,800,000 + 7.7%$2,042,500 $2,020,000 - 1.1% Average Sales Price* $3,094,000 $2,792,273 - 9.8%$2,680,842 $2,221,757 - 17.1% Percent of Original List Price Received*93.6% 92.8% - 0.9%91.9% 92.7% + 0.9% Days on Market Until Sale 52 49 - 5.8% 69 42 - 39.1% Inventory of Homes for Sale 34 48 + 41.2%-Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 16 18 + 12.5%44 55 + 25.0% Closed Sales 7 13 + 85.7%26 32 + 23.1% Median Sales Price* $901,000 $944,775 + 4.9%$915,000 $967,500 + 5.7% Average Sales Price* $1,089,857 $1,203,598 + 10.4%$1,121,000 $1,068,837 - 4.7% Percent of Original List Price Received*99.3% 96.8% - 2.5%97.0% 96.9% - 0.1% Days on Market Until Sale 19 34 + 78.9%31 41 + 32.3% Inventory of Homes for Sale 12 25 + 108.3%-All MLS — All MLS —
A Research Tool Provided by the Charleston Trident Association of REALTORS® Isle
April Year to Date * 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. Areas 44 & 45 April Year to Date * 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 Isle of Palms — Isle of Palms — Current as of May 9, 2024. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2024 ShowingTime Plus, LLC. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 1-20141-20161-20181-20201-20221-2024 Single-Family Detached $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 1-20141-20161-20181-20201-20221-2024 Townhouse-Condo Attached
of Palms
Local Market Update – April 2024
Single-Family Detached Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 6 11 + 83.3%22 27 + 22.7% Closed Sales 1 7 + 600.0%14 14 0.0% Median Sales Price* $7,000,000 $5,300,000 - 24.3%$5,272,500 $4,750,000 - 9.9% Average Sales Price* $7,000,000 $5,503,571 - 21.4%$5,759,286 $5,505,000 - 4.4% Percent of Original List Price Received*107.8% 88.9% - 17.5%95.2% 89.4% - 6.1% Days on Market Until Sale 3 102 + 3,300.0%80 87 + 8.7% Inventory of Homes for Sale 14 18 + 28.6%-Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 0 1 0 2 Closed Sales 0 0 1 0 - 100.0% Median Sales Price* $0 $0 --$1,375,000 $0 - 100.0% Average Sales Price* $0 $0 --$1,375,000 $0 - 100.0% Percent of Original List Price Received*0.0% 0.0% 98.2% 0.0% - 100.0% Days on Market Until Sale 0 0 38 0 - 100.0% Inventory of Homes for Sale 0 1 All MLS — All MLS —
A Research Tool Provided by the Charleston Trident Association of REALTORS®
April Year to Date * 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. Area 43 April Year to Date * 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 Sullivan's Island — Sullivan's Island — Current as of May 9, 2024. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2024 ShowingTime Plus, LLC. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 1-20141-20161-20181-20201-20221-2024 Single-Family Detached $0 $500,000 $1,000,000 $1,500,000 $2,000,000 1-20141-20161-20181-20201-20221-2024 Townhouse-Condo Attached
Sullivan's Island
Local Market Update – April 2024
James Island
Single-Family Detached Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 49 72 + 46.9%176 198 + 12.5% Closed Sales 48 41 - 14.6%145 135 - 6.9% Median Sales Price* $623,000 $677,500 + 8.7%$555,000 $655,000 + 18.0% Average Sales Price* $657,676 $732,136 + 11.3%$687,418 $748,371 + 8.9% Percent of Original List Price Received*97.1% 96.8% - 0.3%96.1% 95.8% - 0.3% Days on Market Until Sale 30 23 - 23.3%35 30 - 14.3% Inventory of Homes for Sale 46 56 + 21.7%-Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 16 17 + 6.3% 55 60 + 9.1% Closed Sales 11 6 - 45.5%48 43 - 10.4% Median Sales Price* $320,000 $420,835 + 31.5%$305,500 $360,000 + 17.8% Average Sales Price* $312,682 $430,570 + 37.7%$342,563 $361,707 + 5.6% Percent of Original List Price Received*101.3% 97.5% - 3.8%100.3% 97.7% - 2.6% Days on Market Until Sale 3 14 + 366.7%12 22 + 83.3% Inventory of Homes for Sale 7 17 + 142.9%-All MLS — All MLS —
A Research Tool Provided by the Charleston Trident Association of REALTORS®
April Year to Date * 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. Area
April Year to Date * 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 James Island — James Island — Current as of May 9, 2024. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2024 ShowingTime Plus, LLC. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 1-20141-20161-20181-20201-20221-2024 Single-Family Detached $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 1-20141-20161-20181-20201-20221-2024 Townhouse-Condo Attached
21
Local Market Update – April 2024
Single-Family Detached Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 6 11 + 83.3%22 27 + 22.7% Closed Sales 1 7 + 600.0%14 14 0.0% Median Sales Price* $7,000,000 $5,300,000 - 24.3%$5,272,500 $4,750,000 - 9.9% Average Sales Price* $7,000,000 $5,503,571 - 21.4%$5,759,286 $5,505,000 - 4.4% Percent of Original List Price Received*107.8% 88.9% - 17.5%95.2% 89.4% - 6.1% Days on Market Until Sale 3 102 + 3,300.0%80 87 + 8.7% Inventory of Homes for Sale 14 18 + 28.6%-Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 0 1 0 2 Closed Sales 0 0 1 0 - 100.0% Median Sales Price* $0 $0 --$1,375,000 $0 - 100.0% Average Sales Price* $0 $0 --$1,375,000 $0 - 100.0% Percent of Original List Price Received*0.0% 0.0% 98.2% 0.0% - 100.0% Days on Market Until Sale 0 0 38 0 - 100.0% Inventory of Homes for Sale 0 1 All MLS — All MLS —
A Research Tool Provided by the Charleston Trident Association of REALTORS®
April Year to Date * 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. Area 43 April Year to Date * 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 Sullivan's Island — Sullivan's Island — Current as of May 9, 2024. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2024 ShowingTime Plus, LLC. | Information deemed reliable but not guaranteed. Consult your agent for market specifics. $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 1-20141-20161-20181-20201-20221-2024 Single-Family Detached $0 $500,000 $1,000,000 $1,500,000 $2,000,000 1-20141-20161-20181-20201-20221-2024 Townhouse-Condo Attached
Sullivan's Island
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