Charleston Market Information

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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

  • Prices-  With the average sale price surpassing $160,000 and the median sale price exceeding $130,000, a first for both, prices continued to push even higher in May. The 12-month average sale price in May increased by 1.7% from April to $161,662.  Compared to May 2022, the average sale price has jumped 12.9% YOY.  Similarly, at $130,200, the median sale price rose by 4.2% from April and 11.8% from last May.   
  • Closed UnitsCharleston had 23 closed units in May, increasing MOM and YOY.  While moving in the right direction, unfortunately, Charleston was still shy of its average of 24.4 closed units for May.  Thus far, closed units have been below average in four of the five months, with only February having more than its respective average. Year to date, with 73 properties sold, Charleston is nearly 14% below its 10-year average.   
  • InventoryLISTING UNITS - The 16 new listings were nearly 35% below May’s average and were the fewest in May since 2009. Since the start of the year, the number of properties hitting the market is 29% below average, with only 87 new listings in 2023.
  • Pendings- Charleston had 22 new pending units in May. Not only was Mattoon below both the average and median for the month, but it was a decline YOY as well. Year-to-date, there have been 95 new pending units in Charleston.  Last year in the same period, there were 106.  However, there were 115 new listings in the first five months last year versus only 87 this year.   
Charleston Market Information
Charleston Market Information
Charleston Market Information
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