SEPTEMBER 2021
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 – September 2021
Local Market Update – September 2021
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 September
Single-Family Detached
Year to Date
September
Single-Family Detached
Year to Date
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
34
35
+ 2.9%
358
339
- 5.3%
New Listings
26
27
+ 3.8%
257
222
- 13.6%
Closed Sales
19
28
+ 47.4%
158
314
+ 98.7%
Closed Sales
19
13
- 31.6%
157
198
+ 26.1%
Median Sales Price*
$1,035,000
$1,255,000
+ 21.3%
$790,000
$997,188
+ 26.2%
Median Sales Price*
$585,000
$579,000
- 1.0%
$526,000
$589,500
+ 12.1%
Average Sales Price*
$1,508,434
$1,439,071
- 4.6%
$1,195,319
$1,395,854
+ 16.8%
Average Sales Price*
$606,395
$656,654
+ 8.3%
$570,123
$613,615
+ 7.6%
92.1%
95.0%
+ 3.1%
90.3%
94.2%
+ 4.3%
Percent of Original List Price Received*
95.9%
96.3%
+ 0.4%
93.3%
96.1%
+ 3.0%
Days on Market Until Sale
116
91
- 21.6%
113
89
- 21.2%
Days on Market Until Sale
44
40
- 9.1%
55
63
+ 14.5%
Inventory of Homes for Sale
220
71
- 67.7%
--
--
--
Inventory of Homes for Sale
85
38
- 55.3%
--
--
--
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
September
Year to Date
September
Year to Date
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
42
19
- 54.8%
335
323
- 3.6%
New Listings
6
0
- 100.0%
35
37
+ 5.7%
Closed Sales
10
34
+ 240.0%
130
270
+ 107.7%
Closed Sales
0
5
--
18
28
+ 55.6%
Median Sales Price*
$435,000
$560,500
+ 28.9%
$587,500
$640,000
+ 8.9%
Median Sales Price*
$0
$365,000
--
$289,000
$442,000
+ 52.9%
Average Sales Price*
$468,050
$609,147
+ 30.1%
$793,541
$781,982
- 1.5%
Average Sales Price*
$0
$424,400
--
$386,306
$520,668
+ 34.8%
93.1%
94.6%
+ 1.6%
92.2%
94.3%
+ 2.3%
Percent of Original List Price Received*
0.0%
98.7%
--
94.9%
97.8%
+ 3.1%
Days on Market Until Sale
170
88
- 48.2%
130
97
- 25.4%
Days on Market Until Sale
0
61
--
75
38
- 49.3%
Inventory of Homes for Sale
191
95
- 50.3%
--
--
--
Inventory of Homes for Sale
20
4
- 80.0%
--
--
--
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 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
$100,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of October 8, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
$100,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
$100,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of October 8, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
Local Market Update – September 2021
Local Market Update – September 2021
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 September
Single-Family Detached
Year to Date
September
Single-Family Detached
Year to Date
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
89
74
- 16.9%
873
801
- 8.2%
New Listings
119
83
- 30.3%
1,184
1,063
- 10.2%
Closed Sales
105
65
- 38.1%
712
749
+ 5.2%
Closed Sales
124
66
- 46.8%
933
975
+ 4.5%
Median Sales Price*
$645,000
$688,600
+ 6.8%
$608,000
$725,000
+ 19.2%
Median Sales Price*
$535,995
$672,608
+ 25.5%
$535,000
$630,000
+ 17.8%
Average Sales Price*
$853,608
$963,543
+ 12.9%
$741,020
$897,561
+ 21.1%
Average Sales Price*
$587,945
$736,825
+ 25.3%
$595,949
$712,188
+ 19.5%
96.1%
97.9%
+ 1.9%
95.7%
98.7%
+ 3.1%
Percent of Original List Price Received*
98.4%
99.7%
+ 1.3%
97.3%
100.8%
+ 3.6%
Days on Market Until Sale
50
17
- 66.0%
56
23
- 58.9%
Days on Market Until Sale
43
10
- 76.7%
58
17
- 70.7%
Inventory of Homes for Sale
180
55
- 69.4%
--
--
--
Inventory of Homes for Sale
194
68
- 64.9%
--
--
--
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
September
Year to Date
September
Year to Date
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
44
36
- 18.2%
392
478
+ 21.9%
New Listings
45
36
- 20.0%
348
293
- 15.8%
Closed Sales
58
47
- 19.0%
308
434
+ 40.9%
Closed Sales
39
26
- 33.3%
268
263
- 1.9%
Median Sales Price*
$266,250
$310,000
+ 16.4%
$249,950
$301,606
+ 20.7%
Median Sales Price*
$324,000
$426,250
+ 31.6%
$311,250
$337,000
+ 8.3%
Average Sales Price*
$362,046
$403,680
+ 11.5%
$313,762
$407,509
+ 29.9%
Average Sales Price*
$311,705
$413,551
+ 32.7%
$308,687
$345,832
+ 12.0%
96.2%
100.5%
+ 4.5%
96.2%
99.9%
+ 3.8%
Percent of Original List Price Received*
97.3%
99.7%
+ 2.5%
97.2%
100.8%
+ 3.7%
Days on Market Until Sale
51
9
- 82.4%
50
22
- 56.0%
Days on Market Until Sale
47
5
- 89.4%
56
13
- 76.8%
Inventory of Homes for Sale
64
29
- 54.7%
--
--
--
Inventory of Homes for Sale
52
21
- 59.6%
--
--
--
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 $800,000
* 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
$700,000
$700,000
Rolling 12-Month Calculation
Townhouse-Condo Attached All MLS — Upper Mount Pleasant —
$600,000
$300,000 $600,000
All MLS — Upper Mount Pleasant —
$350,000
$300,000
$500,000 $250,000
$500,000
$250,000 $400,000
$400,000
$200,000
$200,000 $300,000
$300,000 $150,000
$200,000 $100,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
$100,000 1-2011
$150,000
$200,000
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of October 8, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
$100,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
$100,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of October 8, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
Local Market Update – September 2021
Local Market Update – September 2021
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 September
Single-Family Detached
Year to Date
September
Single-Family Detached
Year to Date
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
27
20
- 25.9%
238
256
+ 7.6%
New Listings
4
3
- 25.0%
51
50
- 2.0%
Closed Sales
44
18
- 59.1%
195
215
+ 10.3%
Closed Sales
7
2
- 71.4%
37
37
0.0%
Median Sales Price*
$1,142,500
$1,387,500
+ 21.4%
$1,134,500
$1,650,500
+ 45.5%
Median Sales Price*
$1,925,000
$6,712,500
+ 248.7%
$2,195,000
$3,188,775
+ 45.3%
Average Sales Price*
$1,321,309
$1,730,861
+ 31.0%
$1,360,849
$1,966,828
+ 44.5%
Average Sales Price*
$1,992,143
$6,712,500
+ 236.9%
$2,309,122
$3,587,426
+ 55.4%
94.6%
100.5%
+ 6.2%
92.5%
97.4%
+ 5.3%
Percent of Original List Price Received*
89.5%
93.3%
+ 4.2%
91.4%
96.1%
+ 5.1%
Days on Market Until Sale
72
12
- 83.3%
109
29
- 73.4%
Days on Market Until Sale
120
22
- 81.7%
87
79
- 9.2%
Inventory of Homes for Sale
58
34
- 41.4%
--
--
--
Inventory of Homes for Sale
15
9
- 40.0%
--
--
--
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.
* 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
September
Year to Date
September
Year to Date
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
14
8
- 42.9%
125
96
- 23.2%
New Listings
0
0
--
3
5
+ 66.7%
Closed Sales
18
11
- 38.9%
103
95
- 7.8%
Closed Sales
0
1
--
3
4
+ 33.3%
Median Sales Price*
$545,000
$820,000
+ 50.5%
$574,000
$725,000
+ 26.3%
Median Sales Price*
$0
$1,550,000
--
$1,600,000
$580,000
- 63.8%
Average Sales Price*
$670,501
$884,591
+ 31.9%
$649,529
$760,471
+ 17.1%
Average Sales Price*
$0
$1,550,000
--
$1,264,077
$821,250
- 35.0%
95.7%
96.9%
+ 1.3%
94.0%
97.9%
+ 4.1%
Percent of Original List Price Received*
0.0%
96.9%
--
89.5%
86.6%
- 3.2%
Days on Market Until Sale
132
25
- 81.1%
109
69
- 36.7%
Days on Market Until Sale
0
148
--
353
54
- 84.7%
Inventory of Homes for Sale
49
20
- 59.2%
--
--
--
Inventory of Homes for Sale
2
1
- 50.0%
--
--
--
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
Historical Median Sales Price
Rolling 12-Month Calculation
Townhouse-Condo Attached
Single-Family Detached
All MLS — Isle of Palms —
$1,750,000
$700,000
$1,250,000
$600,000
$1,000,000
$500,000
$750,000
$400,000
$500,000
$300,000
$250,000
$200,000
1-2013
1-2015
1-2017
1-2019
1-2021
$100,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of October 8, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
Rolling 12-Month Calculation
Townhouse-Condo Attached
Single-Family Detached All MLS — Isle of Palms —
$800,000
$1,500,000
$0 1-2011
* 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.
All MLS — Sullivan's Island —
$4,000,000
$4,000,000
$3,000,000
$3,000,000
$2,000,000
$2,000,000
$1,000,000
$1,000,000
$0 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
All MLS — Sullivan's Island —
$0 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of October 8, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
Local Market Update – September 2021
Local Market Update – September 2021
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 September
Single-Family Detached
Year to Date
September
Single-Family Detached
Year to Date
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
66
62
- 6.1%
666
613
- 8.0%
New Listings
131
152
+ 16.0%
1,470
1,267
- 13.8%
Closed Sales
66
54
- 18.2%
570
547
- 4.0%
Closed Sales
135
122
- 9.6%
1,208
1,039
- 14.0%
Median Sales Price*
$407,000
$453,000
+ 11.3%
$389,500
$450,000
+ 15.5%
Median Sales Price*
$335,000
$415,000
+ 23.9%
$324,868
$386,875
+ 19.1%
Average Sales Price*
$451,306
$513,458
+ 13.8%
$471,005
$545,071
+ 15.7%
Average Sales Price*
$363,983
$445,596
+ 22.4%
$365,264
$441,353
+ 20.8%
97.0%
100.0%
+ 3.1%
96.3%
99.2%
+ 3.0%
Percent of Original List Price Received*
97.0%
97.4%
+ 0.4%
96.8%
99.2%
+ 2.5%
Days on Market Until Sale
40
11
- 72.5%
43
19
- 55.8%
Days on Market Until Sale
28
16
- 42.9%
40
18
- 55.0%
Inventory of Homes for Sale
84
46
- 45.2%
--
--
--
Inventory of Homes for Sale
186
123
- 33.9%
--
--
--
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
September
Year to Date
September
Year to Date
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
Key Metrics
2020
2021
Percent Change
2020
2021
Percent Change
New Listings
30
21
- 30.0%
228
240
+ 5.3%
New Listings
53
37
- 30.2%
433
452
+ 4.4%
Closed Sales
16
31
+ 93.8%
166
229
+ 38.0%
Closed Sales
40
52
+ 30.0%
367
414
+ 12.8%
Median Sales Price*
$217,500
$276,500
+ 27.1%
$207,250
$228,000
+ 10.0%
Median Sales Price*
$225,000
$268,750
+ 19.4%
$215,000
$245,250
+ 14.1%
Average Sales Price*
$202,446
$257,674
+ 27.3%
$204,804
$243,284
+ 18.8%
Average Sales Price*
$219,503
$270,529
+ 23.2%
$215,793
$243,300
+ 12.7%
98.7%
101.0%
+ 2.3%
96.9%
99.7%
+ 2.9%
Percent of Original List Price Received*
98.5%
99.5%
+ 1.0%
97.3%
100.1%
+ 2.9%
Days on Market Until Sale
12
6
- 50.0%
39
20
- 48.7%
Days on Market Until Sale
28
20
- 28.6%
47
17
- 63.8%
Inventory of Homes for Sale
40
21
- 47.5%
--
--
--
Inventory of Homes for Sale
63
31
- 50.8%
--
--
--
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.
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 —
$500,000
Townhouse-Condo Attached
Single-Family Detached All MLS — James Island —
$275,000
Rolling 12-Month Calculation
All MLS — West Ashley Area —
$400,000
$250,000 $225,000
$225,000 $300,000
$200,000 $300,000
$200,000 $175,000
$250,000 $175,000
$150,000
$200,000
$200,000
$150,000
$125,000 $100,000 1-2011
$275,000
$250,000
$350,000
$400,000
All MLS — West Ashley Area —
1-2013
1-2015
1-2017
1-2019
1-2021
$100,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of October 8, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.
$150,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
$125,000 1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
Current as of October 8, 2021. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2021 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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