Charleston Market Update

Charleston Market Update - April 2025

Charleston’s housing market in April 2025 remained notably constrained on the transaction side, even as home prices showed resilience and the pace of sales remained brisk. Closed sales totaled just 11 units, the fewest for any April since 2009 and substantially below the 20-year average of 16.9. Year-to-date, 47 homes have sold, marking the slowest January through-April period since 2013. For context, 2013 saw significantly higher new listings and nearly triple the active inventory compared to current levels.

Despite fewer transactions, April's total sales volume reached $1.89 million, a 16% increase year-over-year, reflecting sustained price strength. The rolling 12-month average sale price of $164,667 was only slightly below the record high set last September. Median sale prices remained stable at $136,750, unchanged from April 2024, indicating a consistent valuation environment.

Inventory continued to be historically low, with only 27 active listings at the end of the month, equivalent to roughly 1.65 months of supply. Although new listings increased by 33% year-over-year to 20 units, overall inventory levels remain limited.

Homes sold quickly, with median days on market (DOM) at just four days, marking over two-and-a-half years of median DOM below one week. Sale-to-list price ratios remained competitive, averaging 95.3% and a median of 99.1%, emphasizing strong buyer demand.

Overall, Charleston's market featured low sales volume but steady pricing, rapid turnover, and significantly limited inventory, maintaining favorable conditions for sellers, particularly in the mid-priced segment.

Charleston's Market (Rolling 12-Months)(Average)