FEBRUARY 2024
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.
Upper Charleston Peninsula
Area 52
Single-Family Detached
February
Year to Date
February Year to Date
+ 57.6%
Percent of Original List Price Received*100.7% 90.3% - 10.3%100.4% 93.9% - 6.5% Days on Market Until Sale 37 139 + 275.7%31 80 + 158.1% Inventory of
for Sale 4 6 + 50.0%--
Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 28 25 - 10.7%41 51 + 24.4% Closed Sales 14 10 - 28.6%20 24 + 20.0% Median Sales Price* $2,169,500 $1,397,500 - 35.6%$2,105,500 $1,347,500 - 36.0% Average Sales Price* $2,391,357 $1,515,500 - 36.6%$2,289,000 $1,501,458 - 34.4% Percent of Original List Price Received*90.7% 94.3% + 4.0%92.4% 94.2% + 1.9% Days on Market Until Sale 61 63 + 3.3% 55 47 - 14.5% Inventory of Homes for Sale 53 54 + 1.9% Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 20 40 + 100.0%32 65 + 103.1% Closed Sales 11 15 + 36.4%24 27 + 12.5% Median Sales Price* $559,500 $879,000 + 57.1%$614,500 $850,000 + 38.3% Average Sales Price* $586,727 $1,059,633 + 80.6%$745,604 $1,147,163 + 53.9% Percent of Original List Price Received*93.0% 93.5% + 0.5%94.4% 94.6% + 0.2% Days on Market Until Sale 67 74 + 10.4%53 59 + 11.3% Inventory of Homes for Sale 58 67 + 15.5%-Downtown Charleston — Downtown Charleston — Current as of March 8, 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. All MLS — All MLS — Local Market Update – February 2024 A Research Tool Provided by the Charleston Trident Association of REALTORS®
February 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 February 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 $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 Single-Family Detached Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 20 19 - 5.0% 26 35 + 34.6% Closed Sales 10 13 + 30.0%20 16 - 20.0% Median Sales Price* $715,000 $680,000 - 4.9%$687,500 $719,500 + 4.7% Average Sales Price* $728,700 $821,069 + 12.7%$712,475 $826,806 + 16.0% Percent of Original List Price Received*90.2% 94.4% + 4.7%92.7% 95.1% + 2.6% Days on Market Until Sale 70 101 + 44.3%45 86 + 91.1% Inventory of Homes for Sale 18 30 + 66.7%-Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 3 2 - 33.3% 5 3 - 40.0% Closed Sales 2 1 - 50.0% 3 2 - 33.3% Median Sales Price* $382,750 $307,000 - 19.8%$450,000 $638,500 + 41.9% Average Sales Price* $382,750 $307,000 - 19.8%$405,167 $638,500
Downtown Charleston
Upper Charleston Peninsula — Upper Charleston Peninsula — Current as of March 8, 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. All MLS — All MLS — Local Market Update – February 2024 A Research Tool Provided by the Charleston Trident Association of REALTORS®
Homes
* 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. Historical Median Sales Price Rolling 12-Month Calculation
Attached $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 1-20141-20161-20181-20201-20221-2024
Attached
Townhouse-Condo
Townhouse-Condo
Single-Family Detached
Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 51 48 - 5.9% 97 115 + 18.6% Closed Sales 23 42 + 82.6%52 80 + 53.8% Median Sales Price* $896,000 $920,000 + 2.7%$901,750 $930,000 + 3.1% Average Sales Price* $1,227,855 $1,132,360 - 7.8%$1,301,987 $1,325,588 + 1.8% Percent of Original List Price Received*94.8% 97.7% + 3.1%96.0% 96.0% 0.0% Days on Market Until Sale 37 23 - 37.8%28 24 - 14.3% Inventory of Homes for Sale 71 54 - 23.9% Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 18 35 + 94.4%35 59 + 68.6% Closed Sales 16 22 + 37.5%30 40 + 33.3% Median Sales Price* $387,500 $589,000 + 52.0%$374,500 $487,000 + 30.0% Average Sales Price* $434,375 $755,591 + 73.9%$409,497 $659,660 + 61.1% Percent of Original List Price Received*95.2% 98.4% + 3.4%96.1% 97.4% + 1.4% Days on Market Until Sale 31 12 - 61.3%28 15 - 46.4% Inventory of Homes for Sale 23 30 + 30.4%-Lower Mount Pleasant — Lower Mount Pleasant — Current as of March 8, 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. All MLS — All MLS — Local Market Update – February 2024 A Research Tool Provided by the Charleston Trident Association of REALTORS®
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
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 $200,000 $400,000 $600,000 $800,000 $1,000,000 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 Single-Family Detached Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 66 87 + 31.8%122 169 + 38.5% Closed Sales 47 50 + 6.4% 90 97 + 7.8% Median Sales Price* $850,000 $999,950 + 17.6%$779,250 $999,900 + 28.3% Average Sales Price* $921,737 $1,119,989 + 21.5%$932,245 $1,141,595 + 22.5% Percent of Original List Price Received*94.8% 98.1% + 3.5%93.9% 97.4% + 3.7% Days on Market Until Sale 52 32 - 38.5%50 36 - 28.0% Inventory of Homes for Sale 88 87 - 1.1% Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 18 26 + 44.4%37 52 + 40.5% Closed Sales 20 26 + 30.0%32 33 + 3.1% Median Sales Price* $447,450 $498,750 + 11.5%$447,450 $487,500 + 9.0% Average Sales Price* $476,365 $518,900 + 8.9%$469,127 $513,336 + 9.4% Percent of Original List Price Received*97.4% 98.3% + 0.9%96.5% 98.3% + 1.9% Days on Market Until Sale 37 27 - 27.0%40 25 - 37.5% Inventory of Homes for Sale 22 18 - 18.2% Upper Mount Pleasant — Upper Mount Pleasant — Current as of March 8, 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. All MLS — All MLS — Local Market Update – February 2024 A Research Tool Provided by the Charleston Trident Association of REALTORS®
* 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
Year
* 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 $200,000 $400,000 $600,000 $800,000 $1,000,000 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
Lower Mount Pleasant February
February
Upper Mount Pleasant February Year to Date
February
to Date
Single-Family Detached
February Year to Date
February
Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 13 22 + 69.2%21 38 + 81.0% Closed Sales 7 8 + 14.3%13 11 - 15.4% Median Sales Price* $1,300,000 $1,250,000 - 3.8%$1,775,000 $1,600,000 - 9.9% Average Sales Price* $1,636,000 $1,800,000 + 10.0%$2,110,923 $1,793,182 - 15.1% Percent of Original List Price Received*90.7% 90.5% - 0.2%91.0% 92.6% + 1.8% Days on Market Until Sale 92 43 - 53.3%84 34 - 59.5% Inventory of Homes for Sale 34 44 + 29.4%-Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 11 8 - 27.3%14 21 + 50.0% Closed Sales 4 5 + 25.0% 7 12 + 71.4% Median Sales Price* $1,377,500 $810,000 - 41.2%$770,000 $1,010,000 + 31.2% Average Sales Price* $1,456,250 $927,400 - 36.3%$1,075,571 $975,667 - 9.3% Percent of Original List Price Received*93.6% 97.7% + 4.4%96.1% 97.7% + 1.7% Days on Market Until Sale 27 73 + 170.4%16 38 + 137.5% Inventory of Homes for Sale 12 22 + 83.3%-Isle of Palms — Isle of Palms — Current as of March 8, 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. All MLS — All MLS — Local Market Update – February 2024 A Research Tool Provided by the Charleston Trident Association of REALTORS® Isle of Palms
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
February 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 $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 Single-Family Detached Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 0 1 6 7 + 16.7% Closed Sales 2 0 - 100.0%4 1 - 75.0% Median Sales Price* $6,997,500 0 - 100.0%$4,897,500 $10,300,000 + 110.3% Average Sales Price* $6,997,500 $0 - 100.0%$5,298,750 $10,300,000 + 94.4% Percent of Original List Price Received*88.2% 0.0% - 100.0%96.1% 98.1% + 2.1% Days on Market Until Sale 169 0 - 100.0%85 12 - 85.9% Inventory of Homes for Sale 12 16 + 33.3%-Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 0 0 0 0 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%
Days on Market Until Sale 0
100.0% Inventory of Homes for Sale 0 0 Sullivan's Island — Sullivan's Island — Current as of March 8, 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. All MLS — All MLS — Local Market Update – February 2024 A Research Tool Provided by the Charleston Trident Association of REALTORS®
February Year
0.0% - 100.0%
0 38 0 -
Sullivan's Island
* 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.
43
Area
* 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 $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
Year to Date
West Ashley Area
Single-Family Detached
February Year to Date
February Year to Date
+ 0.3%
Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 41 48 + 17.1%73 86 + 17.8% Closed Sales 24 28 + 16.7%50 56 + 12.0% Median Sales Price* $527,500 $592,500 + 12.3%$545,000 $592,500 + 8.7% Average Sales Price* $671,417 $617,946 - 8.0%$625,227 $704,938 + 12.7% Percent of Original List Price Received*92.2% 95.9% + 4.0%94.1% 95.2% + 1.2% Days on Market Until Sale 48 25 - 47.9%37 28 - 24.3% Inventory of Homes for Sale 48 59 + 22.9%-Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 13 24 + 84.6%24 33 + 37.5% Closed Sales 10 9 - 10.0%19 17 - 10.5% Median Sales Price* $305,500 $355,000 + 16.2%$304,000 $343,000 + 12.8% Average Sales Price* $326,900 $332,778 + 1.8%$325,053 $344,853 + 6.1% Percent of Original List Price Received*96.5% 97.7% + 1.2%96.5% 97.1% + 0.6% Days on Market Until Sale 25 34 + 36.0%25 34 + 36.0% Inventory of Homes for Sale 2 12 + 500.0%-James Island — James Island — Current as of March 8, 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. All MLS — All MLS — Local Market Update – February 2024 A Research Tool Provided by the Charleston Trident Association of REALTORS®
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 21
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 $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 Single-Family Detached Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 92 78 - 15.2%190 159 - 16.3% Closed Sales 70 63 - 10.0%124 109 - 12.1% Median Sales Price* $452,500 $485,000 + 7.2%$431,000 $485,000 + 12.5% Average Sales Price* $500,144 $525,009 + 5.0%$493,169 $516,356 + 4.7% Percent of Original List Price Received*96.8% 96.9% + 0.1%95.3% 96.2% + 0.9% Days on Market Until Sale 32 35 + 9.4% 38 33 - 13.2% Inventory of Homes for Sale 105 84 - 20.0% Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 20 55 + 175.0%47 93 + 97.9% Closed Sales 17 22 + 29.4%33 41 + 24.2% Median Sales Price* $355,000 $318,500 - 10.3%$328,500 $345,000 + 5.0% Average Sales Price* $339,126 $319,541 - 5.8%$345,762 $348,166 + 0.7% Percent of Original List Price Received*97.7% 95.7% - 2.0%96.3% 96.6%
Days on Market
Inventory of Homes for Sale
West Ashley Area — West Ashley Area — Current as of March 8, 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. All MLS — All MLS — Local Market Update – February 2024 A Research Tool Provided by the Charleston Trident Association of REALTORS®
James Island February
February
Until Sale 33 33 0.0% 26 30 + 15.4%
18 52 + 188.9%--
* 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 11 & 12
* 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 $200,000 $300,000 $400,000 $500,000 $600,000 1-20141-20161-20181-20201-20221-2024
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
Single-Family
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