MARCH 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 – March 2022
Local Market Update – March 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 March
Single-Family Detached
Year to Date
March
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
44
42
- 4.5%
114
82
- 28.1%
New Listings
24
22
- 8.3%
71
77
+ 8.5%
Closed Sales
39
32
- 17.9%
101
76
- 24.8%
Closed Sales
35
21
- 40.0%
66
57
- 13.6%
Median Sales Price*
$715,000
$1,175,000
+ 64.3%
$869,000
$1,062,500
+ 22.3%
Median Sales Price*
$589,000
$640,000
+ 8.7%
$583,500
$625,000
+ 7.1%
Average Sales Price*
$1,116,905
$1,797,188
+ 60.9%
$1,314,108
$1,565,599
+ 19.1%
Average Sales Price*
$598,995
$765,261
+ 27.8%
$601,503
$698,272
+ 16.1%
93.1%
95.4%
+ 2.5%
92.9%
95.8%
+ 3.1%
Percent of Original List Price Received*
94.1%
101.0%
+ 7.3%
94.5%
98.3%
+ 4.0%
Days on Market Until Sale
111
62
- 44.1%
122
60
- 50.8%
Days on Market Until Sale
94
42
- 55.3%
74
54
- 27.0%
Inventory of Homes for Sale
117
38
- 67.5%
--
--
--
Inventory of Homes for Sale
53
19
- 64.2%
--
--
--
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
March
Year to Date
March
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
34
- 17.1%
118
96
- 18.6%
New Listings
5
4
- 20.0%
10
6
- 40.0%
Closed Sales
38
38
0.0%
67
77
+ 14.9%
Closed Sales
2
0
- 100.0%
4
7
+ 75.0%
Median Sales Price*
$615,000
$649,500
+ 5.6%
$630,000
$650,000
+ 3.2%
Median Sales Price*
$440,000
$0
- 100.0%
$440,000
$475,000
+ 8.0%
Average Sales Price*
$771,158
$920,366
+ 19.3%
$776,311
$902,083
+ 16.2%
Average Sales Price*
$440,000
$0
- 100.0%
$423,750
$609,286
+ 43.8%
94.3%
96.5%
+ 2.3%
92.7%
96.5%
+ 4.1%
Percent of Original List Price Received*
101.5%
0.0%
- 100.0%
100.2%
95.6%
- 4.6%
Days on Market Until Sale
84
79
- 6.0%
122
78
- 36.1%
Days on Market Until Sale
4
0
- 100.0%
29
170
+ 486.2%
Inventory of Homes for Sale
138
33
- 76.1%
--
--
--
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 April 8, 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 April 8, 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 – March 2022
Local Market Update – March 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 March
Single-Family Detached
Year to Date
March
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
102
81
- 20.6%
258
213
- 17.4%
New Listings
135
115
- 14.8%
376
256
- 31.9%
Closed Sales
87
74
- 14.9%
231
159
- 31.2%
Closed Sales
134
86
- 35.8%
305
192
- 37.0%
Median Sales Price*
$630,000
$900,000
+ 42.9%
$645,000
$815,000
+ 26.4%
Median Sales Price*
$593,750
$790,000
+ 33.1%
$587,500
$761,153
+ 29.6%
Average Sales Price*
$752,784
$1,153,606
+ 53.2%
$779,424
$1,157,152
+ 48.5%
Average Sales Price*
$670,676
$867,047
+ 29.3%
$667,941
$850,322
+ 27.3%
98.6%
101.2%
+ 2.6%
97.3%
99.9%
+ 2.7%
Percent of Original List Price Received*
100.3%
102.5%
+ 2.2%
99.4%
101.5%
+ 2.1%
Days on Market Until Sale
18
9
- 50.0%
33
13
- 60.6%
Days on Market Until Sale
20
15
- 25.0%
26
18
- 30.8%
Inventory of Homes for Sale
63
42
- 33.3%
--
--
--
Inventory of Homes for Sale
73
52
- 28.8%
--
--
--
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
March
Year to Date
March
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
58
33
- 43.1%
158
105
- 33.5%
New Listings
29
35
+ 20.7%
94
89
- 5.3%
Closed Sales
61
34
- 44.3%
124
93
- 25.0%
Closed Sales
36
25
- 30.6%
84
75
- 10.7%
Median Sales Price*
$285,000
$348,500
+ 22.3%
$287,000
$365,000
+ 27.2%
Median Sales Price*
$327,500
$385,000
+ 17.6%
$324,450
$340,000
+ 4.8%
Average Sales Price*
$416,335
$505,747
+ 21.5%
$409,820
$483,695
+ 18.0%
Average Sales Price*
$319,392
$423,920
+ 32.7%
$313,589
$374,144
+ 19.3%
98.9%
101.5%
+ 2.6%
98.0%
101.6%
+ 3.7%
Percent of Original List Price Received*
99.6%
103.4%
+ 3.8%
98.9%
103.1%
+ 4.2%
Days on Market Until Sale
22
4
- 81.8%
39
8
- 79.5%
Days on Market Until Sale
14
5
- 64.3%
25
16
- 36.0%
Inventory of Homes for Sale
21
7
- 66.7%
--
--
--
Inventory of Homes for Sale
19
11
- 42.1%
--
--
--
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 April 8, 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 April 8, 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 – March 2022
Local Market Update – March 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 March
Single-Family Detached
Year to Date
March
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
40
26
- 35.0%
86
64
- 25.6%
New Listings
4
6
+ 50.0%
14
17
+ 21.4%
Closed Sales
28
15
- 46.4%
65
46
- 29.2%
Closed Sales
2
7
+ 250.0%
11
11
0.0%
Median Sales Price*
$1,745,000
$2,595,000
+ 48.7%
$1,550,000
$1,712,500
+ 10.5%
Median Sales Price*
$3,002,500
$5,495,000
+ 83.0%
$3,188,775
$4,177,125
+ 31.0%
Average Sales Price*
$1,613,250
$2,636,067
+ 63.4%
$1,677,946
$2,024,642
+ 20.7%
Average Sales Price*
$3,002,500
$5,316,732
+ 77.1%
$3,323,889
$4,364,102
+ 31.3%
96.6%
97.2%
+ 0.6%
95.6%
97.8%
+ 2.3%
Percent of Original List Price Received*
100.1%
98.4%
- 1.7%
96.8%
94.5%
- 2.4%
Days on Market Until Sale
38
34
- 10.5%
43
23
- 46.5%
Days on Market Until Sale
336
26
- 92.3%
128
32
- 75.0%
Inventory of Homes for Sale
31
26
- 16.1%
--
--
--
Inventory of Homes for Sale
11
6
- 45.5%
--
--
--
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
March
Year to Date
March
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
13
20
+ 53.8%
33
33
0.0%
New Listings
0
0
--
3
0
- 100.0%
Closed Sales
11
10
- 9.1%
37
22
- 40.5%
Closed Sales
0
0
--
0
2
--
Median Sales Price*
$725,000
$925,500
+ 27.7%
$725,000
$803,000
+ 10.8%
Median Sales Price*
$0
$0
--
$0
$1,812,500
--
Average Sales Price*
$751,818
$936,490
+ 24.6%
$746,034
$922,995
+ 23.7%
Average Sales Price*
$0
$0
--
$0
$1,812,500
--
99.6%
98.0%
- 1.6%
95.9%
96.7%
+ 0.8%
Percent of Original List Price Received*
0.0%
0.0%
--
0.0%
86.9%
--
Days on Market Until Sale
63
89
+ 41.3%
115
61
- 47.0%
Days on Market Until Sale
0
0
--
0
67
--
Inventory of Homes for Sale
20
12
- 40.0%
--
--
--
Inventory of Homes for Sale
1
0
- 100.0%
--
--
--
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 April 8, 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 April 8, 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 – March 2022
Local Market Update – March 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 March
Single-Family Detached
Year to Date
March
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
64
88
+ 37.5%
170
184
+ 8.2%
New Listings
129
128
- 0.8%
335
384
+ 14.6%
Closed Sales
64
62
- 3.1%
155
147
- 5.2%
Closed Sales
121
132
+ 9.1%
301
337
+ 12.0%
Median Sales Price*
$445,000
$505,250
+ 13.5%
$419,500
$520,000
+ 24.0%
Median Sales Price*
$362,826
$450,000
+ 24.0%
$350,000
$410,000
+ 17.1%
Average Sales Price*
$528,751
$557,583
+ 5.5%
$496,696
$560,059
+ 12.8%
Average Sales Price*
$399,865
$499,996
+ 25.0%
$389,777
$460,079
+ 18.0%
99.9%
101.9%
+ 2.0%
98.3%
101.0%
+ 2.7%
Percent of Original List Price Received*
99.1%
101.8%
+ 2.7%
97.7%
100.0%
+ 2.4%
Days on Market Until Sale
22
11
- 50.0%
27
19
- 29.6%
Days on Market Until Sale
24
11
- 54.2%
29
17
- 41.4%
Inventory of Homes for Sale
35
29
- 17.1%
--
--
--
Inventory of Homes for Sale
75
52
- 30.7%
--
--
--
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
March
Year to Date
March
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
24
22
- 8.3%
58
65
+ 12.1%
New Listings
56
45
- 19.6%
137
110
- 19.7%
Closed Sales
25
24
- 4.0%
65
53
- 18.5%
Closed Sales
55
42
- 23.6%
112
108
- 3.6%
Median Sales Price*
$199,850
$284,950
+ 42.6%
$220,500
$265,000
+ 20.2%
Median Sales Price*
$232,000
$340,501
+ 46.8%
$208,500
$323,658
+ 55.2%
Average Sales Price*
$257,844
$314,684
+ 22.0%
$240,372
$282,093
+ 17.4%
Average Sales Price*
$233,447
$313,662
+ 34.4%
$219,743
$306,787
+ 39.6%
97.1%
102.4%
+ 5.5%
96.3%
101.1%
+ 5.0%
Percent of Original List Price Received*
98.7%
102.3%
+ 3.6%
98.3%
101.6%
+ 3.4%
Days on Market Until Sale
23
9
- 60.9%
46
17
- 63.0%
Days on Market Until Sale
33
18
- 45.5%
30
13
- 56.7%
Inventory of Homes for Sale
15
2
- 86.7%
--
--
--
Inventory of Homes for Sale
28
8
- 71.4%
--
--
--
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 April 8, 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 April 8, 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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