MARCH 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.
Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 22 29 + 31.8%63 80 + 27.0% Closed Sales 23 16 - 30.4%43 40 - 7.0% Median Sales Price* $1,925,000 $1,510,250 - 21.5%$1,925,000 $1,397,500 - 27.4% Average Sales Price* $1,946,922 $1,876,653 - 3.6%$2,106,028 $1,651,536 - 21.6% Percent of Original List Price Received*91.7% 97.5% + 6.3%92.0% 95.5% + 3.8% Days on Market Until Sale 53 38 - 28.3%54 43 - 20.4% Inventory of Homes for Sale 47 54 + 14.9%-Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 28 33 + 17.9%60 98 + 63.3% Closed Sales 13 21 + 61.5%37 48 + 29.7% Median Sales Price* $865,000 $1,050,000 + 21.4%$682,000 $889,500 + 30.4% Average Sales Price* $787,923 $1,080,095 + 37.1%$760,473 $1,117,821 + 47.0% Percent of Original List Price Received*97.9% 97.6% - 0.3%95.7% 95.9% + 0.2% Days on Market Until Sale 17 26 + 52.9%40 44 + 10.0% Inventory of Homes for Sale 64 81 + 26.6%-Downtown Charleston — Downtown Charleston — Current as of April 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. All MLS — All MLS — Local Market Update – March 2024 A Research Tool Provided by the Charleston Trident Association of REALTORS® Downtown Charleston March 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 March 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 20 0.0% 46 55 + 19.6% Closed Sales 11 10 - 9.1% 31 26 - 16.1% Median Sales Price* $1,300,000 $1,247,500 - 4.0%$705,000 $830,000 + 17.7% Average Sales Price* $1,121,273 $1,209,700 + 7.9%$857,532 $974,073 + 13.6% Percent of Original List Price Received*93.5% 95.8% + 2.5%93.0% 95.4% + 2.6% Days on Market Until Sale 50 31 - 38.0%47 65 + 38.3% Inventory of Homes for Sale 21 32 + 52.4%-Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 8 3 - 62.5%13 6 - 53.8% Closed Sales 4 0 - 100.0%7 2 - 71.4% Median Sales Price* $531,000 $0 - 100.0%$450,000 $638,500 + 41.9% Average Sales Price* $485,500 $0 - 100.0%$451,071 $638,500 + 41.6% Percent of Original List Price Received*98.4% 0.0% - 100.0%99.3% 93.9% - 5.4% Days on Market Until Sale 43 0 - 100.0%38 80 + 110.5% Inventory of Homes for Sale 7 4 - 42.9% Upper Charleston Peninsula — Upper Charleston Peninsula — Current as of April 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. All MLS — All MLS — Local Market Update – March 2024 A Research Tool Provided by the Charleston Trident Association of REALTORS® Upper Charleston Peninsula March 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 March 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 $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
Single-Family Detached
Detached Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 62 80 + 29.0%159 195 + 22.6% Closed Sales 52 43 - 17.3%104 124 + 19.2% Median Sales Price* $877,000 $1,040,000 + 18.6%$879,000 $947,500 + 7.8% Average Sales Price* $1,296,177 $1,201,742 - 7.3%$1,299,082 $1,278,403 - 1.6% Percent of Original List Price Received*94.5% 96.1% + 1.7%95.3% 96.1% + 0.8% Days on Market Until Sale 39 32 - 17.9%33 26 - 21.2% Inventory of Homes for Sale 66 69 + 4.5% Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 26 26 0.0% 61 86 + 41.0% Closed Sales 18 27 + 50.0%48 67 + 39.6% Median Sales Price* $382,500 $405,000 + 5.9%$375,000 $470,000 + 25.3% Average Sales Price* $420,389 $534,652 + 27.2%$413,581 $609,284 + 47.3% Percent of Original List Price Received*95.7% 97.3% + 1.7%96.0% 97.4% + 1.5% Days on Market Until Sale 24 18 - 25.0%26 16 - 38.5% Inventory of Homes for Sale 19 22 + 15.8%-Lower Mount Pleasant — Lower Mount Pleasant — Current as of April 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. All MLS — All MLS — Local Market Update – March 2024 A Research Tool Provided by the Charleston Trident Association of REALTORS® Lower Mount Pleasant March 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 March 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 112 95 - 15.2%234 263 + 12.4% Closed Sales 77 54 - 29.9%167 151 - 9.6% Median Sales Price* $794,000 $985,000 + 24.1%$785,000 $999,900 + 27.4% Average Sales Price* $898,395 $1,129,591 + 25.7%$916,638 $1,137,302 + 24.1% Percent of Original List Price Received*95.9% 97.8% + 2.0%94.8% 97.5% + 2.8% Days on Market Until Sale 48 17 - 64.6%49 29 - 40.8% Inventory of Homes for Sale 93 87 - 6.5% Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 26 32 + 23.1%63 85 + 34.9% Closed Sales 16 26 + 62.5%48 60 + 25.0% Median Sales Price* $505,000 $520,500 + 3.1%$492,450 $509,250 + 3.4% Average Sales Price* $482,221 $534,899 + 10.9%$473,491 $521,041 + 10.0% Percent of Original List Price Received*98.9% 98.2% - 0.7%97.3% 98.4% + 1.1% Days on Market Until Sale 21 26 + 23.8%33 25 - 24.2% Inventory of Homes for Sale 22 18 - 18.2% Upper Mount Pleasant — Upper Mount Pleasant — Current as of April 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. All MLS — All MLS — Local Market Update – March 2024 A Research Tool Provided by the Charleston Trident Association of REALTORS® Upper Mount Pleasant March 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 March 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 $600,000 1-20141-20161-20181-20201-20221-2024 Townhouse-Condo Attached
Single-Family
Single-Family Detached
Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 18 18 0.0% 39 56 + 43.6% Closed Sales 10 15 + 50.0%23 26 + 13.0% Median Sales Price* $2,450,000 $2,044,000 - 16.6%$1,890,000 $1,790,000 - 5.3% Average Sales Price* $2,802,000 $2,117,667 - 24.4%$2,411,391 $1,980,385 - 17.9% Percent of Original List Price Received*90.4% 92.6% + 2.4%90.7% 92.6% + 2.1% Days on Market Until Sale 75 43 - 42.7%80 39 - 51.3% Inventory of Homes for Sale 35 44 + 25.7%-Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 14 16 + 14.3%28 37 + 32.1% Closed Sales 12 7 - 41.7%19 19 0.0% Median Sales Price* $1,037,500 $1,150,000 + 10.8%$1,000,000 $1,030,000 + 3.0% Average Sales Price* $1,165,667 $978,286 - 16.1%$1,132,474 $976,632 - 13.8% Percent of Original List Price Received*96.1% 95.5% - 0.6%96.1% 96.9% + 0.8% Days on Market Until Sale 46 60 + 30.4%35 46 + 31.4% Inventory of Homes for Sale 12 28 + 133.3%-Isle of Palms — Isle of Palms — Current as of April 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. All MLS — All MLS — Local Market Update – March 2024 A Research Tool Provided by the Charleston Trident Association of REALTORS® Isle of Palms March 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 March 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 10 9 - 10.0%16 16 0.0% Closed Sales 9 6 - 33.3%13 7 - 46.2% Median Sales Price* $5,250,000 $3,112,500 - 40.7%$5,250,000 $3,525,000 - 32.9% Average Sales Price* $5,826,111 $4,707,500 - 19.2%$5,663,846 $5,506,429 - 2.8% Percent of Original List Price Received*93.5% 88.4% - 5.5%94.3% 89.8% - 4.8% Days on Market Until Sale 85 81 - 4.7% 85 71 - 16.5% Inventory of Homes for Sale 16 10 - 37.5% Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 0 1 0 1 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 Sullivan's Island — Sullivan's Island — Current as of April 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. All MLS — All MLS — Local Market Update – March 2024 A Research Tool Provided by the Charleston Trident Association of REALTORS® Sullivan's Island March 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 March 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 $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
Single-Family Detached
Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 54 41 - 24.1%127 126 - 0.8% Closed Sales 47 37 - 21.3%97 94 - 3.1% Median Sales Price* $600,000 $675,000 + 12.5%$553,500 $623,500 + 12.6% Average Sales Price* $783,953 $836,312 + 6.7%$702,136 $755,533 + 7.6% Percent of Original List Price Received*97.4% 95.7% - 1.7%95.7% 95.4% - 0.3% Days on Market Until Sale 39 43 + 10.3%38 33 - 13.2% Inventory of Homes for Sale 41 51 + 24.4%-Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 15 10 - 33.3%39 43 + 10.3% Closed Sales 18 20 + 11.1%37 37 0.0% Median Sales Price* $307,750 $363,750 + 18.2%$304,000 $349,500 + 15.0% Average Sales Price* $379,306 $355,375 - 6.3%$351,446 $350,541 - 0.3% Percent of Original List Price Received*103.9% 98.2% - 5.5%100.1% 97.7% - 2.4% Days on Market Until Sale 3 14 + 366.7%14 23 + 64.3% Inventory of Homes for Sale 5 13 + 160.0%-James Island — James Island — Current as of April 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. All MLS — All MLS — Local Market Update – March 2024 A Research Tool Provided by the Charleston Trident Association of REALTORS® James Island March 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 March 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 135 111 - 17.8%324 271 - 16.4% Closed Sales 96 79 - 17.7%220 190 - 13.6% Median Sales Price* $485,000 $503,650 + 3.8%$461,000 $490,000 + 6.3% Average Sales Price* $538,541 $603,980 + 12.2%$512,968 $550,801 + 7.4% Percent of Original List Price Received*97.0% 97.5% + 0.5%96.0% 96.8% + 0.8% Days on Market Until Sale 25 23 - 8.0% 32 29 - 9.4% Inventory of Homes for Sale 95 79 - 16.8% Key Metrics 20232024 Percent Change 20232024 Percent Change New Listings 42 34 - 19.0%89 127 + 42.7% Closed Sales 27 31 + 14.8%60 72 + 20.0% Median Sales Price* $330,000 $303,000 - 8.2%$329,200 $341,250 + 3.7% Average Sales Price* $311,656 $341,169 + 9.5%$330,414 $345,154 + 4.5% Percent of Original List Price Received*97.0% 97.9% + 0.9%96.6% 97.2% + 0.6% Days on Market Until Sale 37 34 - 8.1% 31 38 + 22.6% Inventory of Homes for Sale 25 41 + 64.0%-West Ashley Area — West Ashley Area — Current as of April 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. All MLS — All MLS — Local Market Update – March 2024 A Research Tool Provided by the Charleston Trident Association of REALTORS® West Ashley Area March 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 11 & 12 March 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 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
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