MAY 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 – May 2022
Local Market Update – May 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 May
Single-Family Detached
Year to Date
May
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
47
31
- 34.0%
202
144
- 28.7%
New Listings
25
25
0.0%
123
124
+ 0.8%
Closed Sales
38
32
- 15.8%
186
135
- 27.4%
Closed Sales
30
23
- 23.3%
122
99
- 18.9%
Median Sales Price*
$1,600,250
$1,437,500
- 10.2%
$1,043,500
$1,200,000
+ 15.0%
Median Sales Price*
$620,000
$645,000
+ 4.0%
$595,000
$650,000
+ 9.2%
Average Sales Price*
$1,811,446
$1,891,025
+ 4.4%
$1,423,096
$1,693,854
+ 19.0%
Average Sales Price*
$591,033
$829,363
+ 40.3%
$601,556
$746,882
+ 24.2%
94.8%
98.0%
+ 3.4%
93.5%
96.6%
+ 3.3%
Percent of Original List Price Received*
94.2%
100.6%
+ 6.8%
95.0%
99.3%
+ 4.5%
Days on Market Until Sale
67
65
- 3.0%
103
56
- 45.6%
Days on Market Until Sale
99
12
- 87.9%
79
37
- 53.2%
Inventory of Homes for Sale
105
39
- 62.9%
--
--
--
Inventory of Homes for Sale
42
22
- 47.6%
--
--
--
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.
* 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
May
Year to Date
May
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
33
28
- 15.2%
192
162
- 15.6%
New Listings
5
5
0.0%
18
20
+ 11.1%
Closed Sales
45
37
- 17.8%
146
154
+ 5.5%
Closed Sales
4
6
+ 50.0%
10
17
+ 70.0%
Median Sales Price*
$676,700
$755,000
+ 11.6%
$653,700
$670,500
+ 2.6%
Median Sales Price*
$365,000
$400,000
+ 9.6%
$417,500
$377,000
- 9.7%
Average Sales Price*
$760,396
$906,099
+ 19.2%
$811,350
$915,302
+ 12.8%
Average Sales Price*
$368,750
$388,650
+ 5.4%
$430,850
$489,818
+ 13.7%
93.3%
99.2%
+ 6.3%
93.0%
97.4%
+ 4.7%
Percent of Original List Price Received*
98.4%
98.2%
- 0.2%
99.0%
96.5%
- 2.5%
Days on Market Until Sale
102
26
- 74.5%
107
61
- 43.0%
Days on Market Until Sale
13
25
+ 92.3%
28
92
+ 228.6%
Inventory of Homes for Sale
126
39
- 69.0%
--
--
--
Inventory of Homes for Sale
5
4
- 20.0%
--
--
--
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 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 June 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 June 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 – May 2022
Local Market Update – May 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 May
Single-Family Detached
Year to Date
May
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
79
89
+ 12.7%
432
386
- 10.6%
New Listings
115
141
+ 22.6%
621
501
- 19.3%
Closed Sales
95
80
- 15.8%
419
309
- 26.3%
Closed Sales
117
95
- 18.8%
541
377
- 30.3%
Median Sales Price*
$760,000
$912,500
+ 20.1%
$698,000
$875,000
+ 25.4%
Median Sales Price*
$616,736
$810,000
+ 31.3%
$601,000
$780,000
+ 29.8%
Average Sales Price*
$1,039,644
$1,149,955
+ 10.6%
$874,596
$1,165,176
+ 33.2%
Average Sales Price*
$709,509
$906,760
+ 27.8%
$685,301
$882,891
+ 28.8%
100.2%
101.4%
+ 1.2%
98.3%
101.0%
+ 2.7%
Percent of Original List Price Received*
101.3%
101.5%
+ 0.2%
100.2%
101.6%
+ 1.4%
Days on Market Until Sale
24
9
- 62.5%
31
11
- 64.5%
Days on Market Until Sale
17
10
- 41.2%
21
14
- 33.3%
Inventory of Homes for Sale
53
52
- 1.9%
--
--
--
Inventory of Homes for Sale
57
83
+ 45.6%
--
--
--
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.
* 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
May
Year to Date
May
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
45
48
+ 6.7%
264
184
- 30.3%
New Listings
37
30
- 18.9%
164
152
- 7.3%
Closed Sales
58
38
- 34.5%
251
163
- 35.1%
Closed Sales
25
34
+ 36.0%
137
141
+ 2.9%
Median Sales Price*
$399,500
$442,500
+ 10.8%
$310,000
$379,000
+ 22.3%
Median Sales Price*
$310,000
$483,808
+ 56.1%
$322,500
$400,000
+ 24.0%
Average Sales Price*
$449,494
$527,289
+ 17.3%
$415,438
$500,611
+ 20.5%
Average Sales Price*
$321,695
$468,524
+ 45.6%
$318,469
$415,943
+ 30.6%
100.5%
101.3%
+ 0.8%
99.1%
102.0%
+ 2.9%
Percent of Original List Price Received*
103.1%
102.5%
- 0.6%
100.1%
102.7%
+ 2.6%
Days on Market Until Sale
16
11
- 31.3%
30
9
- 70.0%
Days on Market Until Sale
7
12
+ 71.4%
19
12
- 36.8%
Inventory of Homes for Sale
23
23
0.0%
--
--
--
Inventory of Homes for Sale
15
11
- 26.7%
--
--
--
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.
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 —
$400,000
Townhouse-Condo Attached All MLS — Upper Mount Pleasant —
$700,000
$350,000
$800,000
$800,000
Rolling 12-Month Calculation
$600,000
$300,000
$500,000 $250,000
$250,000 $400,000
$400,000 $200,000 $200,000
$0 1-2012
$400,000
$350,000
$600,000
$300,000
All MLS — Upper Mount Pleasant —
$150,000
1-2014
1-2016
1-2018
1-2020
1-2022
$100,000 1-2012
$200,000
$300,000
$150,000
$200,000
1-2014
1-2016
1-2018
1-2020
1-2022
Current as of June 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 June 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 – May 2022
Local Market Update – May 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 May
Single-Family Detached
Year to Date
May
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
32
22
- 31.3%
140
109
- 22.1%
New Listings
8
5
- 37.5%
32
26
- 18.8%
Closed Sales
27
21
- 22.2%
127
88
- 30.7%
Closed Sales
2
1
- 50.0%
19
19
0.0%
Median Sales Price*
$2,142,500
$2,000,000
- 6.7%
$1,637,500
$1,887,500
+ 15.3%
Median Sales Price*
$2,842,501
$2,785,000
- 2.0%
$3,000,000
$3,700,000
+ 23.3%
Average Sales Price*
$2,639,606
$2,260,810
- 14.4%
$1,951,390
$2,153,553
+ 10.4%
Average Sales Price*
$2,842,501
$2,785,000
- 2.0%
$3,038,567
$3,977,586
+ 30.9%
98.9%
99.0%
+ 0.1%
96.6%
98.5%
+ 2.0%
Percent of Original List Price Received*
100.6%
87.7%
- 12.8%
96.7%
94.1%
- 2.7%
Days on Market Until Sale
23
22
- 4.3%
39
22
- 43.6%
Days on Market Until Sale
0
108
--
109
36
- 67.0%
Inventory of Homes for Sale
30
34
+ 13.3%
--
--
--
Inventory of Homes for Sale
14
6
- 57.1%
--
--
--
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.
* 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
May
Year to Date
May
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
12
15
+ 25.0%
61
60
- 1.6%
New Listings
0
1
--
4
2
- 50.0%
Closed Sales
10
9
- 10.0%
63
40
- 36.5%
Closed Sales
0
0
--
2
2
0.0%
Median Sales Price*
$581,000
$880,000
+ 51.5%
$697,750
$865,500
+ 24.0%
Median Sales Price*
$0
$0
--
$580,000
$1,812,500
+ 212.5%
Average Sales Price*
$699,600
$1,053,444
+ 50.6%
$745,345
$971,960
+ 30.4%
Average Sales Price*
$0
$0
--
$580,000
$1,812,500
+ 212.5%
102.0%
99.1%
- 2.8%
97.4%
98.9%
+ 1.5%
Percent of Original List Price Received*
0.0%
0.0%
--
83.5%
86.9%
+ 4.1%
Days on Market Until Sale
28
6
- 78.6%
85
38
- 55.3%
Days on Market Until Sale
0
0
--
0
67
--
Inventory of Homes for Sale
22
20
- 9.1%
--
--
--
Inventory of Homes for Sale
2
2
0.0%
--
--
--
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
$1,000,000
$800,000
$1,500,000
Townhouse-Condo Attached
Single-Family Detached All MLS — Isle of Palms —
Rolling 12-Month Calculation All MLS — Sullivan's Island —
$4,000,000
All MLS — Sullivan's Island —
$4,000,000
$3,000,000
$3,000,000
$2,000,000
$2,000,000
$1,000,000
$1,000,000
$600,000 $1,000,000 $400,000 $500,000 $200,000
$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 June 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 June 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 – May 2022
Local Market Update – May 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 May
Single-Family Detached
Year to Date
May
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
100
72
- 28.0%
350
322
- 8.0%
New Listings
133
158
+ 18.8%
638
700
+ 9.7%
Closed Sales
73
66
- 9.6%
282
275
- 2.5%
Closed Sales
120
144
+ 20.0%
535
600
+ 12.1%
Median Sales Price*
$485,000
$577,500
+ 19.1%
$440,000
$560,000
+ 27.3%
Median Sales Price*
$390,000
$454,500
+ 16.5%
$365,000
$435,500
+ 19.3%
Average Sales Price*
$702,528
$676,516
- 3.7%
$557,939
$624,376
+ 11.9%
Average Sales Price*
$480,589
$524,445
+ 9.1%
$420,575
$497,705
+ 18.3%
100.0%
103.0%
+ 3.0%
98.5%
101.6%
+ 3.1%
Percent of Original List Price Received*
100.6%
103.2%
+ 2.6%
98.9%
101.3%
+ 2.4%
Days on Market Until Sale
14
8
- 42.9%
24
14
- 41.7%
Days on Market Until Sale
10
9
- 10.0%
23
15
- 34.8%
Inventory of Homes for Sale
65
36
- 44.6%
--
--
--
Inventory of Homes for Sale
85
84
- 1.2%
--
--
--
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
May
Year to Date
May
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
33
25
- 24.2%
122
124
+ 1.6%
New Listings
50
51
+ 2.0%
237
205
- 13.5%
Closed Sales
25
31
+ 24.0%
104
116
+ 11.5%
Closed Sales
49
49
0.0%
224
203
- 9.4%
Median Sales Price*
$170,000
$265,000
+ 55.9%
$205,500
$272,500
+ 32.6%
Median Sales Price*
$270,000
$331,000
+ 22.6%
$236,000
$325,000
+ 37.7%
Average Sales Price*
$230,260
$302,097
+ 31.2%
$240,549
$300,664
+ 25.0%
Average Sales Price*
$251,967
$308,357
+ 22.4%
$230,832
$310,832
+ 34.7%
100.0%
103.4%
+ 3.4%
97.5%
102.3%
+ 4.9%
Percent of Original List Price Received*
102.0%
102.9%
+ 0.9%
99.5%
102.3%
+ 2.8%
Days on Market Until Sale
10
4
- 60.0%
34
10
- 70.6%
Days on Market Until Sale
12
20
+ 66.7%
22
14
- 36.4%
Inventory of Homes for Sale
12
7
- 41.7%
--
--
--
Inventory of Homes for Sale
25
10
- 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.
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 —
$350,000
$500,000
$300,000
$400,000
$250,000
$500,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — West Ashley Area —
All MLS — West Ashley Area —
$350,000
$300,000
$400,000
$250,000 $300,000
$300,000
$200,000
$200,000
$150,000
$100,000 1-2012
$200,000 $200,000
1-2014
1-2016
1-2018
1-2020
1-2022
$100,000 1-2012
$150,000
1-2014
1-2016
1-2018
1-2020
1-2022
Current as of June 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 June 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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