Charleston Market Information

Whether buying or selling, one characteristic to consider when choosing an agent is their knowledge of the market.  We believe it is critical for our clients to have current, relevant information.  According to the National Association of Realtors “2016 Profile of Home Buyers and Sellers”, 92% of buyer respondents rated an agent’s knowledge of the real estate market as “Very Important.” 

Real estate is local, not only to a community, but also to different price ranges.  While one price point may be performing very well, there may be others that are not.  Therefore, we track not only the overall market information for Mattoon and Charleston, but we break each community into 13 different price ranges.  Click here if you would like to receive our monthly report.  Otherwise, check back monthly for some highlights that we observed in the market.      

Charleston

  • Posting 17 additional closed units in November, the total for the year rose to 223.  Other than 2002 and 2004, each having 227 closed units, 2017 has seen the most closed units for the first 11 months in the past 18 years. 
  • 2017 remains firmly ahead of both the 5 and 10-year averages for YTD closed sales by 12% and 20% respectively. 
  • Both the average sale price ($116,771) and median sale price ($108,000) increased slightly from October
  • Even with only 11 months accounted for, the $100,000-$124,999 price range has already had more closings than it has any other year.  
  • Charleston’s upper end has been extremely active this year.  On average, there are 20 homes that will sell for $200,000 or more.  Already this year there have been 28 properties sold for over $200,000. 


 


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